Alta Gold slashes costs
Despite startup problems, Alta Gold (ALTA-Q) has reduced cash costs at the newly opened Olinghouse gold mine, 30 miles east of Reno, Nev.During its first three months of operation, the mine incurred c…
News
NWMA opposes amendments
The Northwest Mining Association (NWMA) is urging U.S. mining companies to oppose recommended changes to regulations governing hardrock mining on lands managed by the Bureau of Land Management (BLM).T…
MINING MARKET & INVESTMENT NEWS — TSE Short Positions
Short positions outstanding at March 31, 1999Larger individual positions include:Abitibi-Consolidated 956,778, up 463,778; Alcan Aluminium 845,904, up 215,568; American Gem 111,065, up 111,065; Anders…
Camnor drills prospects
Junior Camnor Resources (CMB-V) has announced plans to drill-test three of the 18 Alaskan properties in which it has interests.Discovery Gulch — Initially, drilling will focus on the Discovery Gulch …
LETTER TO THE EDITOR — Ontario’s ‘Living Legacy’ bolsters certainty
At the same time that the provincial government released “Living Legacy,” the Ministry of Northern Development and Mines also released its “Commitments to the Minerals Industry.” Leaders in the minera…
Meetings (April 19, 1999)
April 19, Alberta Star April 19, Blackpool April 19, Bonus April 19, Cdn. Mining April 19, Complex April 19, Int’l Dunlap April 19, Iriana April 19, Jordex April 20, Bitterroot April 20, Classic Gold …
MINING MARKET & INVESTMENT NEWS — WESTERN MARKETS — Polymet, AG among gainers on buoyant VSE
The Vancouver Stock Exchange composite index rose 3.36 points, or 0.8%, to finish the week ended April 13 at 429.85. The mining index lost 3.55 points, or 1.16%, and closed at 302.74.Meanwhile, the co…
Kinross tightens grip on Fairbanks district
Newmont Mining (NEM-N) is selling its 65% interest in Alaska’s True North gold project to Kinross Gold (K-T) for US$28 million.As a result, Kinross, which already owns a minority stake in the 10,000-a…
Diamonds recovered from Greenland venture
Diamond exploration in West Greenland has yielded some interesting counts from surface sampling of float boulders on a 51-49 joint venture project held by Monopros and Dia Met Minerals (DMM-T).A 140-k…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Kinross solidifies producer status with True North
Gold prices showed some strength during the April 7-13 report period, rising $3.60 to US$283.85 per oz. on the London morning fix of April 14.Gold’s rise buoyed Canada’s two biggest producers, with Ba…
PEOPLE — Golden Gate Resources
Phil Lawry appointed director.
PEOPLE — Fairmile Gold
Michael Raftery appointed director.