Wheaton ends quarter in red
With its production season just begun, Wheaton River Minerals (WRM-T) found itself $680,777 (or 2 cents per share) in the red during the 3-month period ended March 31, compared with a loss of $303,984…
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St Andrew posts quarterly loss
Although it enjoyed exploration success in the first quarter, St Andrew Goldfields (SAS-T) was not so lucky financially.In the three months ended March 31, the Toronto-based junior lost $453,676 (or 2…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Weak metal prices flatten western markets — Cons. Silver Tusk among few bright spots as malaise grips VSE
The Vancouver Stock Exchange composite index lost 8.09 points, or 1.8%, over the report period ended June 8, to close the week at 444.62. The mining index followed suit, losing 4.07 points, or 1.3%, t…
NEVADA & THE WESTERN STATES — Royalty sisters open Nevada mine
Low gold prices are not preventing affiliated companies Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) from basking in the success of their equally owned Ken Snyder mine, in Nevada, north o…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE inches up as equity markets recover
Base metals ahead of market in response to better commodity prices The base metals led the winning sectors as the Toronto Stock Exchange advanced slightly over the five trading days ended June 8. The …
St. Jude expands gold zone in Ghana
St. Jude Resources (SJD-V) has tabled encouraging drill results from the Hwini-Butre gold property in Ghana, West Africa.The work focused on the Dabokrom Shaft zone, one of three structures that are r…
NEWSROUNDUP — Berland to drill Timmins property
Newly listed Berland Resources (BNL-V) is funding a drill program at Echo Bay Mines’ (ECO-T) Ogden Twp. property in Ontario’s Timmins camp.The junior holds an option to earn 50% of Echo Bay’s interest…
Eldorado sizes up Turkish gold deposit — Reserves at Sao Bento in Brazil expected to rise
Drilling will enable Eldorado Gold (ELD-T) to evaluate the size and grade of the Gokgoz Tepe zone at its wholly owned Kisladag project in western Turkey.This season’s program, budgeted at US$725,000, …
NEVADA & THE WESTERN STATES — Canyon eyes higher production in 1999
Despite higher-than-expected operating costs, Canyon Resources (CAU-X) plans to achieve record gold production at the Briggs mine in southeastern California.In 1998, the open-pit heap-leach operation …
Juniors test Mexican target
Partners Sand River Resources (SRL-V) and Spokane Resources (SKN-V) have begun an initial 1,500-metre program of diamond drilling on their Minerales project in the Mexican state of Chihuahua.Three new…
Partners test Cerro Cobre target
Partners Corriente Resources (CTG-T) and London-based Rio Tinto,/C> (RTP-N) have begun a program of reverse-circulation drilling on a portion of the Taca-Taca project in Argentina’s Salta province.The…
Copper Ridge options ground to Kinross
Junior Copper Ridge Explorations (KRX-V) has optioned back to Kinross Gold (K-T) a portion of its Ogopogo property in east-central Alaska.Ogopogo is one of five exploration-stage properties that Geral…