Akrokeri boosts gold output in Ghana
So far this year, production is up and costs are down for Akrokeri-Ashanti Gold Mines (AAGM-C), operator of a placer mine in Ghana, West Africa.The company produced about 3,636 oz. gold in January, up…
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Fortune ups Sue-Dianne resource
Further drilling at the Sue-Dianne project near Mazenod Lake, N.W.T., has expanded the resource in the copper deposit.Operator Fortune Minerals (FT-T), which is earning a 50% interest in the project f…
LETTER TO THE EDITOR — Huckleberry mine not recognized
I was disappointed that no reference was made to Huckleberry Mines in your article “New Mines Open in 1997” (T.N.M., Jan. 5-11/98).The Huckleberry mine, which is owned 60% by Princeton Mining and 40% …
Birim tests Bui area licences
Soil-sampling and mapping programs are under way at the 7,000-sq.-km Bui area licences in central Ghana, reports Birim Goldfields (BGI-T).The Montreal-based junior has focused its efforts on Birimian …
PRODUCER AND DEALER PRICES (February 09, 1998)
Aluminum: LME settlements US$1,503.50, alloy US$1,319.50 per tonne (Feb.3/98).Antimony: Representative mid-market US$1,735 per tonne (Feb. 3/98).Bismuth: Representative mid-market US$3.50 per lb. (Feb…
Stillwater aims to expand in Montana
At a time when many North American mining companies are laying off workers, Stillwater Mining (SWC-X) is looking to add personnel at its namesake mine, 80 miles southwest of Billings, Mont.The move is…
DIAMOND PAGE — Rupert finds diamonds at past-producing mine
Microdiamond analysis by Rupert Resources (RUP-V) at the past-producing Crown diamond mine in South Africa is coming up clover.Analysis of a 185.2-metre core length of hypabyssal kimberlite intersecte…
Commissioning continues at Alumbrera
Commissioning of the Bajo de la Alumbrera copper-gold mine in northwestern Argentina is on schedule and on budget, reports Rio Algom (ROM-T).The company and its partners expect commercial production t…
SPOT PRICES (February 09, 1998)
Wednesday, February 4, 1998Price (US)Week’s ChangeGold*$295.20- $3.05Silver*$ 7.05…
Meetings (February 09, 1998)
Feb. 9, Canadian OverseasFeb. 9, WilanourFeb. 10, Cotton ValleyFeb. 11, AndersonFeb. 11, Blackwater GoldFeb. 11, East IndiesFeb. 11, Premier MineralsFeb. 12, American BullionFeb. 12, Columbia YukonFeb…
TORONTO STOCK EXCHANGE INDICES (February 09, 1998)
1998Feb.3Feb.2Jan.30Jan.29Jan.28HighLowComposite…
GeoNova pulls gold
More than half of the holes sunk by GeoNova Explorations (GNE-M) at its Chevrier property near Chibougamau, Que., have intersected gold mineralization.The company sank 18 holes (4,275 metres) during a…