Redaurum to sell River Ranch
Redaurum (RRK-T) has suspended operations at its 50%-held River Ranch diamond mine in Zimbabwe.Redaurum says it has entered negotiations with various prospective buyers.The mine had been operated by a…
News
First Dynasty pours Armenian gold
First Dynasty Mines (FDM-T) has joined the gold production ranks, pouring its first gold bar at the Ararat tailings project in western Armenia.The Singapore-based company has spent US$12 million to co…
More Colombian gold for Greystar
Vancouver-based Greystar Resources (GSL-V) has recovered high-grade gold intercepts at its Angostura gold project, situated in northeastern Colombia.Two step-out diamond drill holes returned significa…
Novicourt’s profits down
Yet another Canadian mining company has reported a drop in fourth-quarter earnings as a result of lacklustre metal prices.Novicourt (NOV-T), which is 61% owned by Noranda (NOR-T), earned $1.1 million …
Antares set to follow up Toodoggone gold strike
Antares Mining & Exploration (ANZ-T) is set to begin a $1.5-million exploration program on its Toodoggone property, situated in north-central British Columbia, following the discovery of gold minerali…
Platinova, Lexam test targets in Greenland
Although Platinova (PAS-T) and Lexam Explorations (LEX-M) have intercepted a narrow kimberlite dyke on their jointly held West Greenland property, the partners have yet to encounter any potentially ec…
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Gold Reserve produces prefeasibility study at Las Brisas
A detailed prefeasibility study has branded the Brisas gold-copper project in southeastern Venezuela uneconomic, Gold Reserve (GLR-T) reports.Independent consulting firm JE MinCorp, a Denver-based div…
Aber and Diavik table plans for Lac de Gras diamond mine
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), unveiled a $875-million plan to build Canada’s second diamond mine.The mine site is situated 300 km northwest of Yello…
Anglogold weathers storm of low gold prices
The five gold-producing companies serviced by Anglogold, in aggregate, saw gains in both profit and gold production in the quarter ended Dec. 31, 1997.Anglogold is a division of South African-based mi…