Companies (January 25, 1999)
Aber ResourcesAddwest Minerals InternationalAG Armeno Mines & MineralsAlberta EnergyAmblin ResourcesAmeridexAntares Mining & ExplorationArgentina GoldArmada GoldAshton MiningAurizon MinesBarrick GoldB…
News
Manantial Espejo yields more gold, silver
Partners Black Hawk Mining (BHK-T) and Silver Standard Resources (SSO-V) have cut some impressive grades and widths at their Manantial Espejo gold-silver project in southern Argentina.Fourteen core ho…
Armada sells Erdmin
Armada Gold (AAU-T) has sold its 49% interest in the Erdmin solvent extraction-electrowinning copper project in Mongolia.A private American company will pay US$3 million over the next three years and …
Teck joins Loubel at Lemoine in Quebec
In the wake of its acquisition last year of the Lemoine polymetallic property, near Chibougamau, Que., Loubel Exploration (LBX-M) has found a major partner for the project.Serving as operator, Teck (T…
Globex gains Poirier base metal property
Rouyn-Noranda-based Globex Mining Enterprises (GMX-T) has secured the mineral rights to the past-producing Poirier copper-zinc mine, near Joutel in northwestern Quebec.In a complex deal involving mini…
PEOPLE – Panther
Gordon House elected director. Russel Goodwin appointed president. Edward Renyk appointed secretary.
PEOPLE – Zorin
John Bolter appointed director.
GOLD FUNDS (January 25, 1999)
Gold Funds as of January 7, 1999BGRCentralNet Value$14.025.93Price$9.75$5…
Coeur completes study at Kensington
In a bid to improve the economics of the Kensington gold project in the Alaskan Panhandle, Coeur d’Alene Mines (CDE-N) has completed an optimization study that is expected to reduce production costs b…
MINING MARKETS & INVESTMENT NEWS – U.S. MARKETS — Dow rebounds after slide
The Dow Jones industrial average ended a 4-day slide during the report period Jan. 13-19, following an all-time high in the previous week. The average gained about 200 points to close at 9,355.22.The …
Richmont Mines enjoys a record year — Small producer succeeds in clearing debt from books
With higher production coming from all the operations in which it has an interest, Richmont Mines (RIC-T) has paid off its long-term debt in a bid to control its financial costs.The company operates t…
LETTERS TO THE EDITOR — Merits of geostats make for lively debate
I am one of many of your readers with a quick thought on the application of geostatistics. I have been following these letters with interest and have gained a lot from them.As the application of geost…