Atna sets sites on Temagami
Atna Resources (ATN-T) has signed a joint-venture agreement with Falconbridge (FL-T) to explore claims in the Temagami region of northern Ontario.Atna can earn a 60% interest in Falco’s Temagami prope…
News
Getchell lays off 100 at namesake mine in Nevada — Low gold prices take toll on mine plan
Dismayed by the low gold price, Getchell Gold (GGO-T) has ceased processing of low-grade ore from stockpiles and issued pink slips to 100 workers at its namesake gold mine in northern Nevada.Meanwhile…
Bleak outlook for nickel market
The outlook for nickel over the next few quarters and beyond is not great.In today’s terms, you could even say it’s as good as gold.Credit Lyonnaise, a major metal trader, has forecast a 10,000-tonne …
FACTS ‘N’ FIGURES — Gold struggles in SE Asia
The recent currency and economic crisis in Asia has had a significant impact on gold demand there.Demand for the yellow metal in the third quarter of 1997 barely reached 50 tonnes, less than half its …
Teck and Sumitomo size up Pogo deposit
Teck (TEK-T) and its partner, Sumitomo Metal Mining, have estimated that their Pogo project in east-central Alaska contains just under 4.5 million oz. gold.The deposit is believed to contain 10.9 mill…
DIAMOND PAGE — Nora ups production in Namibia
Nora Exploration (NXI-M) has increased production at its diamond concession in Namibia.Production in November topped 32 tons per hour, representing a fourfold increase over previous rates. Grade and c…
DIAMOND PAGE — Plug pulled on Acordo
Trans Hex International (THI-T) has discontinued work at the Acordo diamond project in Brazil’s Tocantins state.The company had already earned an 80% stake in the joint-venture project from privately …
COMMENTARY — New name, similar mandate
The author is the newly appointed president of the Mining Association of Canada. He has written the following article at the request of Keep Mining in Canada, an organization designed to increase awar…
Gold panning to benefit hospital
A gold panning charity event will be held from Jan. 28-30, at the Vancouver Art Gallery.All funds raised by the event will be donated to British Columbia’s Hospital Foundation. Participants in the eve…
GREATEST VALUE TRADED, Dec. 10-16
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Noront, Alto await Windfall results
A preliminary program of three diamond drill holes totalling 717 metres has been completed on the Windfall Lake base metal and gold project in northwestern Quebec.Situated 90 km east of Lebel-Sur-Quvi…
Rea files for bankruptcy — Subsidiary Bisset also goes belly up
Rea Gold (REO-T) and its wholly owned subsidiary, Bissett Gold, have filed for protection under the federal Bankruptcy Act.he announcement spells the end of the Bissett gold mine project near Bissett,…