News

Enrigue Lithgow appointed president and general manager.

Wednesday, February 26, 1997Price (US)Week’s ChangeGold*$353.85+ $7.75Silver*$ 5.2…

The past quarter was a positive one for newly diversified Mazarin Mining (MAZ-T), though earnings were not as high as in the corresponding period of the previous fiscal year.For the three months ended…

While Agnico-Eagle Mines (AGE-T) didn’t lose money in 1996, it nonetheless experienced a steep drop from the profit levels experienced in the previous year.The company reported net income of $300,000 …

By April, Sonora Gold (SON-T) expects to have reached design capacity at the Klipdam diamond mine in the Kimberley-Barkly West area of South Africa.Once this is achieved, the mine is expected to produ…

The Bulyanhulu gold deposit in northwestern Tanzania is now estimated to exceed 5 million oz. — an increase of almost 1.6 million oz. over the previous calculation.In light of this sizable increase, …

1997Feb 25Feb 24Feb 21Feb 20Feb 19HighLowComposit…

The silver market in 1996 was much tighter than expected. A rise in mine production was offset by declining supply from government sales. As a result, the total supply of newly refined silver in the m…

Having kissed and made up after a short-lived dispute over a feasibility study, Adrian Resources (ADL-T), Teck (TEK-T) and Inmet Mining (IMN-T) have signed an agreement for the development of the Peta…

Drill results are in hand from the first few holes of an ongoing program at the Peters mine property in Guyana, reports operator Guyana Goldfields (GGFI-C).Hole 1 returned 30 ft. grading 0.059 oz. gol…

A global exploration effort has enabled Newmont Gold (NGN-N) to boost its gold reserves for the sixth consecutive year.The company ended 1996 with 37.1 million equity ounces of proven and probable res…

Further valuations have boosted the carat value of diamonds from the A-154 South pipe at the Diavik project in the Lac de Gras region of the Northwest Territories.Ownership of the project is split 60-…