Aur holds steady despite weak metals market
Earnings of Aur Resources (AUR-T) fell during the first quarter, but the company managed to post a profit despite slumping base metal prices.Aur earned $400,000 (or 1 cents per share) on revenue of $2…
News
METAL PRICES — Daily Metal Prices (July 06, 1998)
BASE METALS (London Metal Exchange-Midday official cash prices in US$ per tonne)DateJune 30June 29June 26June 25…
Royal Gold assumes control of Greek exploration project
Royal Gold (RGLD-Q) has taken control of the Milos gold project in Greece following the termination of an agreement with an Australian investor group.In March of this year, Royal announced an agreemen…
Meetings (July 06, 1998)
July 6, Bravo GoldJuly 6, Petra extraordinaryJuly 6, Roxwell GoldJuly 7, First Canadian GoldJuly 7, DumontJuly 7, HucampJuly 7, MidasJuly 7, TrincanaJuly 7, OlympicJuly 8, BonaventureJuly 8, CansparJu…
Magnesium Alloy kicks off Kouilou prefeasibility study
Having brought on board some experienced Russian and German consultants, Magnesium Alloy (MGAC.U-C) has begun a prefeasibility study at its Kouilou magnesium project along the coast of the Republic of…
DIAMOND PAGE — Partners plan drill program in NWT
A summer exploration program is set to commence at the Doyle Lake project in the Northwest Territories.Situated 280 km northeast of Yellowknife, the project is a joint venture held 60% by De Beers Con…
DIAMOND PAGE — Argyle mine expansion under way
The huge Argyle diamond mine in Western Australia is getting bigger.Argyle joint-venture partners Rio Tinto (RTP-N), Ashton Mining and the Western Australia Diamond Trust, have approved the developmen…
DIAMOND PAGE — SouthernEra sells diamond parcels
SouthernEra Resources (SUF-T) has sold several parcels of rough diamonds from its Klipspringer mine in South Africa and its Angolan alluvial operations.Over the past four months, Klipspringer has prod…
Antares bails out of Rappa Holdings
Toronto-based Antares Mining & Exploration (ANZ-T) is selling its 25% indirect interest in South Africa-based Rappa Holdings.Rappa specializes in recovering gold and other precious metals from a varie…
Companies (July 06, 1998)
Altius MineralsAntares Mining and ExplorationAscot ResourcesAshton MiningAteba MinesAur ResourcesBema GoldBreakwater ResourcesCampbell ResourcesCanabrava DiamondChannel ResourcesComaplex MineralsCumbe…
Meliadine West jumps prefeasibility hurdle
An independent prefeasibility study has given the thumbs-up sign to the Meliadine West gold project, situated 70 km north of Rankin Inlet, N.W.T.The Meliadine West project is a joint venture among Cum…
MINING MARKETS & INVESTMENT NEWS — Bema Gold and Arian Res. close merger agreement
The recent takeover of Arian Resources by Bema Gold (BGO-T) has given the latter firm a majority interest in Omsukchansk Mining and Geological, which owns the Julietta gold-silver deposit in Russia’s …