Partners cut gold at Railroad
Drilling at the Railroad gold property in Nevada’s Carlin trend has returned encouraging results for partners Exploration Mirandor (MIQ-M) and Kinross Gold (K-T).Six holes drilled in the Elliot Ranch …
News
Rio Algom drills at Green Bay, Nfld.
Diamond drilling is testing two induced-polarization (IP) anomalies on the Green Bay base metal property, near Springdale in northern Newfoundland.The program is being carried out by Rio Algom (ROM-T)…
DIAMOND PAGE — Ashton unimpressed with Buffalo Hills sample
Disappointed by results from a mini-bulk sample, Ashton Mining of Canada (ACA-T) has suspended sampling work at kimberlite K-91 on the Buffalo Hills project in north-central Alberta.A 35.87-tonne samp…
Mishaps at Refugio mine spoil Bema’s second quarter
A production shortfall at the Refugio mine in northern Chile caused 50%-owner Bema Gold (BGO-T) to bleed more red ink in the second quarter.The Vancouver-based company tabled a loss of US$2.5 million …
Congo expropriates Banro’s Sakima gold project
The government of the Democratic Republic of the Congo (DRC) has taken advantage of the armed conflict in the eastern regions of the country to expropriate Banro Resource’s (BNRS-C) Sakima gold projec…
Partners cut production costs at New Britannia
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) report a drop in cash costs at their equally owned New Britannia gold mine in northern Manitoba.The underground operation turned out 24,660 …
DIAMOND PAGE — Archangel dispute goes to arbitration panel
Another mining venture in the former Soviet Union has found its way to international arbitration proceedings.Archangel Diamond (AAD-V) filed a request with a Swedish arbitration institute in a dispute…
Glamis posts shakey profit
Glamis Gold (GLG-T) tightened its belt and boosted efficiency to squeak out a profit of US$203,000 (or 1 cents per share) during the first six months of 1998.Quarterly results were not as positive. Th…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Farallon exec allows options to expire
Recent insider trading, as reported by the Ontario Securities Commission in its OSC Bulletin, includes the following transactions:* .TAmerica Mineral Fields (AMZ-T) — Mark Collins, director, was gran…
Companies (August 17, 1998)
Alberta EnergyAmerica Mineral FldsAnglo AmericanArchangel DiamondAriel ResArmada GoldAshton MiningAtna ResAurizon MinesAuspex MinBanff ResBanro ResourceBreakwater ResBYG Natural ResCaledonia MinCeltic…
Meetings (August 17, 1998)
Aug 31, AranleeAug. 31, Canadian MonoAug. 31, GoldmaxAug. 31, GronarcticAug. 31, Porcher IslandAug. 31, Red EngineAug. 31, RichmarkSept. 2, AquestSept. 2, CancorSept. 2, Cotton ValleySept. 2, NewstarS…
Fluorspar mining set to return to Newfoundland
As part of a $49-million plan to reactivate the St. Lawrence fluorspar mine on the Burin Peninsula of southeastern Newfoundland, the provincial government has pledged to build a $10-million deep-water…