A 70,000-ft. drill program will attempt to identify additional reserves at the Briggs gold mine of Canyon Resources (CAU-X) in California’s Panamint Valley.The mine, which entered production last year…
ALUMINIUM: LME settlements US$1,548.50 per tonne, alloy $1,486 per tonne (Feb. 18/97).ANTIMONY: Composite free market, US$2,340 per tonne (Feb. 18/97).BISMUTH: Composite free market US$3.15 per lb. (F…
As a first stage of exploration, Prism Resources (PRN-V) plans to carry out a geophysical program on a newly acquired 1,500-ha project in Ontario’s Porcupine mining district.The junior acquired an opt…
Peruvian Gold (PVO-V) plans to carry out a minimum 1,000-metre program of reverse-circulation drilling on the Agua Verde copper porphyry prospect in south-central Peru.The prospect is a mineralized, e…
A 1,000-metre drill program will test the Tower Lake South and Halfmoon Lake anomalies identified by Golden Band Resources (GBN-V) at its properties in the Waddy Lake area of northern Saskatchewan.The…
A net loss of US$23 million was reported by Dakota Mining (DKT-T) for 1996, compared with a loss of about US$9 million in 1995.The Denver-based company says last year’s loss includes non-recurring exp…
South African mining giant JCI is moving to consolidate its interest in Australian junior Lone Star Exploration (LSE-V).By consolidating its current 19.9% interest with a 24% stake held by Kimberley D…
A first phase of drilling by Avalon Ventures (AVL-V) is testing the resource potential of the Dubenksi gold project, 70 km southeast of Kenora, Ont.The property already contains a resource of 253,000 …
Citing low gold prices and inconsistent recoveries, Miramar Mining (MAE-T) has taken a $33.6-million writedown on the Talapoosa gold-silver project in western Nevada, suspending its development.”At cu…
Through a private placement, St Andrew Goldfields (SAS-T) is raising funds to continue diamond drilling in the Matheson area of northwestern Ontario.The junior raised $3.4 million by issuing 4 million…
During 1996, Hecla Mining (HL-N) produced 3 million oz. silver from its various operations, representing a 35% increase over the 2.2 million oz.produced in the previous year.Of last year’s total, abou…
Diversified resource company Noranda (NOR-T) says weak commodity prices caused its net earnings to drop by almost 50% in 1996, despite a 16% increase in cash flow to a record $1.5 billion.The company …
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