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 …
Drilling by Santa Fe Canadian Mining has identified a new gold zone on the Duquesne West property of Globex Mining (GMX-T), 30 km northwest of Rouyn-Noranda, Que.Santa Fe, a wholly owned subsidiary of…
Underground drilling at the Goddell Shear project in the Mount Skukum area of southern Yukon is returning some noteworthy intercepts.Omni Resources (ORI-V) reported results from four holes, which were…
Three white diamond fragments and a broken dodecahedron (12-sided diamond) were recovered from samples taken from drill core testing the Leek Springs diamond project in California. Operator Diadem Res…
Having set a gold production record at its Nevada and California operations in 1996, Santa Fe Pacific Gold (GLD-N) says it is on track to join the 1-million-oz. club this year, climbing to a projected…
EXP Resources, a privately held company in Alberta, can acquire a 60% interest in a 1,900-sq.-km gold-copper concession in southwestern Niger.EXP secured the option by paying US$50,000, issuing 1.2 mi…
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