Rio Tinto begins work in Peru
Preliminary exploration work has begun at the Minas Santa Rosa copper-porphyry property of MacMillan Gold (MMG-T) in Peru.Exploration is being conducted by the exploration arm of London-based Rio Tint…
News
Gitennes advances on Virgen project
Underground exploration work on the southern end of the Rio Suro oxide gold zone at the Virgen property in north-central Peru is helping Gitennes Exploration (GIT-T) get a better handle on an area of …
NEWS IN BRIEF (March 16, 1998)
Tarron Industries (TRO-V) has changed its name to Orko Gold (OK-V).
OPINION — Low copper prices settle in
While mine closures have had the impact of reducing copper concentrate availability, the volume of production will be overwhelming in the second half of 1998 and throughout 1999. To have visible impac…
Francisco hits more gold
The latest drill results at Francisco Gold’s (FGX-V) wholly owned El Sauzal gold project in Mexico’s Chihuahua state are expected to expand reserves.Of the 29 drill holes recently completed, 85% inter…
Juniors cope with new Nasdaq listing requirements
The idea that bigger is better is putting the pinch on junior mining companies in the U.S., as the National Association of Securities Dealers (NASD) implements plans to toughen listing requirements on…
GOLD FUNDS (March 16, 1998)
Gold Funds as of March 5, 1998BGRCentralNet Value$15.31$6.29Price$11.80$5…
LME WAREHOUSE LEVELS (March 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/98 (change from Mar. 3 in brackets):MetalStocks(tonnes)Change…
Sand River secures sizable Mexican land position
Sand River Resources (SRIV-C) has acquired a portfolio of 16 exploration projects, 14 of which are situated in Mexico.The company’s premier exploration and development target is the Macocozac property…
COMMENTARY — The value of the prospector (March 16, 1998)
.BWilliam SulzerThe prospector is the most useful man to commerce and the most valuable man of civilization.Political economists tell us that next to agriculture, mining is the next greatest industry….
DIAMOND PAGE — SouthernEra mining Sugarbird blow
SouthernEra Resources (SUF-T) has successfully commissioned the diamond recovery plant at its Klipspringer project in South Africa’s Northern province.The plant recovered a total of 768 carats during …
EDITORIAL — The time for debt fight is now — Fiscal dividend wasted
Four years ago, the Canadian government recorded a deficit of $42 billion.This year, it is out of the red and into the black, a feat not accomplished in 50 years. South of the border, U.S. President B…