Santa Fe plans higher output from Nevada mines
Albuquerque-based Santa Fe Pacific Gold (GLD-N) posted a profit in the third quarter and expects to do so again in the fourth.The third-quarter profit amounts to US$3.5 million (or 3 cents per share) …
News
Scoping study examines Don Mario’s potential
Based on the results of a scoping study, Orvana Minerals (ORV-T) projects that its wholly owned Don Mario gold-copper project in eastern Bolivia could be in production as early as 1998, with an initia…
THE DIAMOND PAGE — Aber to raise funds for Diavik project
A syndicate led by First Marathon Securities and Canaccord Capital has agreed to raise just over $32.5 million for Aber Resources (ABZ-T) through a private placement.The financing will include 1 milli…
THE DIAMOND PAGE — Winspear and Antler shareholders to cast votes on proposed merger
Shareholders of Winspear Resources (WSP-V) and Antler Resources (AEE-V) will meet in separate meetings on Dec. 2 to decide on the proposed merger of their companies.The new company would retain the na…
STOCK MARKETS — Juniors fuel trading on western markets
The Vancouver Stock Exchange composite index remained flat over the report period ended Oct. 29, closing at 1,112.81, up 2.84 points, while the resource index rose 108.72 points to finish at 2,254.72….
Robex Res. makes gold discovery in Mali
Preliminary work by Robex Resources (RBX-M) at the Diangounte property in Mali has revealed pannable gold in soils and lateritized rock.The property, situated 20 km from the Sadiola gold deposit of Ia…
Tailings spill spells loss for Placer Dome
A tailings spill last March at the Marcopper mine in the Philippines resulted in an US$8-million consolidated loss (or US3 cents per share) for Placer Dome (PDG-T) in the first nine months of fiscal 1…
Major Gen. explores in New Brunswick
Vancouver-based Major General Resources (MGJ-V) will begin exploring for base metals on the Stewart property in the Bathurst area of New Brunswick.The company can acquire the 355-acre property by issu…
Golden Rule trenches gold prospect in western Ghana
Junior Golden Rule Resources (GNU-T) has received encouraging gold assays from parts of two trenches in the Agyakra area of the Stenpad property, in western Ghana.The 6,938-ha concession, situated in …
PEOPLE — ABITIBI MINING (November 04, 1996)
James Villegas appointed director.
Minerals sector to benefit from lab
At a new laboratory at the Geological Survey of Canada (GSC) in Ottawa, experts will be able to date mineral samples in minutes instead of days.The first of its kind in North America, and only the fou…
COMMENTARY — Rally round the headframe
Dr. Michael Sopko is chairman and chief executive officer of Inco and chairman of the Mining Association of Canada. He has written this article at the request of Keep Mining in Canada, a grassroots ca…