NEWS ROUNDUP — Denison reports modest loss
Toronto-based Denison Mines (DEN-T) has posted a loss of $3.3 million (or 1 cents per share) on revenue of $52.4 million for 1988, compared with earnings of $25.7 million on revenue of $73.1 million i…
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EDITORIAL & OPINION — COMMENTARY — Resource estimation and geological constraints, Part 1
The orebody supports the mine; a mine cannot create an orebody. But we see, and everybody reads about, mines that start up based on assumptions of grade, geometry and continuity, only to find that tho…
GOLD FUNDS (March 08, 1999)
Gold Funds as of February 25, 1999BGRCentralNet Value$13.716.01Price$9.50…
NEWS ROUNDUP — Aussie firm to close Beenup mine
Ongoing technical problems and production shortfalls have prompted Broken Hill Proprietary (BHP-N) to close its Beenup titanium mine in Western Australia.The company tried, unsuccessfully, to solve th…
THE NORTHERN MINER — North American Mining Index (March 08, 1999)
84.86 (+0.31)(Sept. 30/98 = 100)…
MINING MARKETS & INVESTMENT NEWS — Dayton continues to rebuild
A proposal to reorganize its capital structure marks a final step in a re-building process that Dayton Mining (DAY-T) started more than eight months ago.The beleaguered gold producer intends to conver…
Asia Minerals proves up Copperstone
Asia Minerals (AMP-A) is inching its way toward feasibility at the Copperstone gold project in southwestern Arizona, having just tabled encouraging results from a scoping study.The Vancouver-based com…
THE NORTHERN MINER — Small Producers Index (March 08, 1999)
82.21 (+0.48)(Sept. 30/98 = 100)…
SPOT PRICES (March 08, 1999)
Wednesday, March 3, 1999Precious MetalsPrice (US)ChangeGold286.65+$0.55Silver$ 5.3…
Index (March 08, 1999)
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MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow wipes out last week’s gains
The Dow Jones industrial average dropped 246.81 points for the report period ended March 2, to close at 9,297.61.Mining issues were mixed in modest trading, as metals prices held steady. New York Stoc…
Golden Goose busy at Magino
Toronto-based Golden Goose Resources (GGR-T) has completed more metallurgical work to determine the feasibility of a heap-leach mine at its Magino gold property near Wawa, Ont.The program, carried out…