With the help of IBK Capital, Golden Phoenix Minerals (GPXM-O) is raising up to US$3.5 million in equity financing, most of which will be used this year to fund exploration on its principal properties…
Although it produces gold at a multitude of operations strewn across four continents, Placer Dome(PDG-T) is mining the yellow metal most economically at the Cortez minein Nevada.Placer, as operator, h…
Wednesday June 10, 1998Price (US)Week’s ChangeGold*$294.15+ $0.80Silver*$ 5.36…
Settlement prices for London Metal Exchange spot metal and three-month contracts, June 9/98 (US$ per tonne):MetalsCash Price3 Month Price…
Although Nevada miner Getchell Gold (GGO-T) posted a substantial first-quarter loss, reserve expansion at its namesake mine, ongoing construction at the Turquoise Ridge project and hedging leave it we…
The Toronto Stock Exchange was held within a narrow trading range over the June 3-9 report period, with the TSE 300 composite index rising marginally to 7,535.43 points. Both mining sub-groups fell sl…
Aluminium: LME settlements US$1,316, alloy US$1,250 per tonne (June 9/98).Antimony: Representative mid-market US$1,450 per tonne (June 9/98).Bismuth: Representative mid-market US$3.70 per lb. (June 9/…
Drilling by Southern Africa Minerals (SAF-T) has identified four kimberlites at its Mosomane concession in Botswana.The discoveries were made 50 km north of Gaborone, beneath the sands of the Kalahari…
Partners Amax Gold (AU-N) and X-Cal Resources (XCL-T) have signed an operating agreement for the exploration and development of the Sleeper gold project in northern Nevada.X-Cal, the operator of the 5…
Drilling by Dynacor Mines (DYN-M) has uncovered gold mineralization at depth at the company’s Siscoe project in Quebec’s Val d’Or camp.The $1.2-million, 13,000-metre drill program, which was launched …
In the Battle Mountain trend of central Nevada, newcomer European American Resources (EPAR-O) has completed the acquisition of the Prospect Mountain project, adjacent to Homestake Mining’s Ruby Hill g…
Higher reserve figures for the two largest gold producers in Nevada’s Carlin trend mean higher royalty revenues for High Desert Mineral Resources (HDR-V).Barrick Gold (ABX-T) recently announced that r…
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