Viceroy Res. ends third quarter in black
Gold producer Viceroy Resource (voy-t) earned $3.5 million (or 7 cents per share) on revenue of $29.8 million in the third quarter.Those numbers mark a significant improvment over the $38.1-million lo…
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Ivanhoe wins bid for Chambishi mine
Privately owned Ivanhoe Capital has been awarded a contract to reopen the Chambishi copper mine in Zambia.The company will become the joint-venture partner of Zambia Consolidated Copper Mines (ZCCM), …
DIAMOND PAGE — Treatment plant nears completion at Klipspringer
Design work on the 100-tonne-per-day kimberlite treatment plant on the Klipspringer project in South Africa’s Northern Transvaal Procince is well-advanced and on track for completion in early December…
McWatters cuts mining costs
During the first 19 days of production for new owner McWatters Mining (MCW-T), the Kiena and Sigma gold mines in Quebec’s Val d’Or camp turned out 8,409 oz. gold at a cash operating cost of US$241 per…
More juniors near Cross Lake
Juniors Greenshield Resources (GSR-M) and Moss Resources (MRS-T) plan to acquire a combined 50% interest in 58 claim units in Currie and Egan twps. of Ontario.The companies say the Curregan property i…
Flooding seals fate of Potacan mine
Unstoppable flooding has drowned the future of the Potacan potash mine near Sussex, N.B.Water that is believed to have originated in a vast underground reservoir began to seep into the mine in June. C…
Placer, Etruscan revise deal
Partners Placer Dome (PDG-T) and Etruscan Resources (EET-T) have modified their agreement pertaining to the latter’s Tiawa gold concession in western Niger.Placer can now earn a 51% interest in the en…
DIAMOND PAGE — Kennecott keeps stake in SouthernEra
Kennecott Canada, a unit of Rio Tinto (RTP-N), has taken the financial steps necessary to maintain its 17% interest in diamond explorer SouthernEra Resources (SUF-T).Kennecott has taken up 173,670 uni…
DIAMOND PAGE — Ashton finds new kimberlite at Buffalo Hills
Drilling by Ashton Mining of Canada (ACA-T) has identified yet another kimberlite body at the Buffalo Hills project in north-central Alberta.The discovery brings to 17 the number of kimberlites found …
First Dynasty to retain New Millennium
The proposed sale of First Dynasty Mines’ (FDM-T) wholly owned subsidiary, New Millennium Mining, to junior producer Cornucopia Resources (CNP-T) has been terminated.Both parties concluded that the tr…
GREATEST VALUE TRADED (November 10, 1997)
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Imperial’s Silvertip yields solid results
Imperial Metals (IPM-T) has completed 8,000 metres of drilling in search of additional mineralization at the Silvertip massive sulphide project in northern British Columbia.The property, formerly know…