Cominco earnings hit by dip in metal prices
For the third quarter, Cominco (CLT-T) reports earnings of $5.2 million (or 6 cents per share) on sales of $448 million, compared with $22 million (25 cents per share) on sales of $417 million in the …
News
Cepeda finds high-grade gold in South Carolina
Alberta-based Cepeda Minerals (CMM-V) has discovered a pocket of high-grade gold mineralization at its Buzzard property in South Carolina.The company encountered near-surface gold grades in eight of t…
Westmin acquires Gibraltar Mines
In a takeover move, Westmin Resources (WMI-T) has acquired Gibraltar Mines (GBM-T) by buying some 30.6 million (92.4%) of its outstanding common shares.The deal is worth an estimated $307 million.West…
MEXICO AND CENTRAL AMERICA — Minefinders pins hopes on Dolores
Assay results from the first three diamond drill holes on Minefinders’ (MFL-V) Dolores property in Chihuahua state, Mexico, have returned significant values.The property lies in a northwest-trending s…
Gold output slips at Albino mine in Venezuela
Delays in mill modifications are taking their toll on 1996 production levels at the Albino gold mine in Venezuela.Vancouver-based Crystallex International (KRY-T) reports that the open-pit mine is exp…
Alta Gold expands Olinghouse
Summer drilling has confirmed the presence of a new deposit at the Olinghouse gold property in northern Nevada.Alta Gold (ALTA-Q) reports that 50 of the 68 holes drilled in an area known as Green Hill…
MEXICO AND CENTRAL AMERICA — NEWS ROUNDUP — Energold drills at El Centario
After meetings with government officials, Energold Mining (EGD-V) was granted approval to continue its 50-hole, reserve definition drill program at El Centario gold deposit in the Dominican Republic.B…
MEXICO AND CENTRAL AMERICA — Mexico’s Trinidad mine poised for production
With the first gold pour imminent, the newly constructed Trinidad gold mine in Mexico’s Sinaloa state is expected to reach commercial levels of production in the next few months.The open-pit, heap-lea…
MEXICO AND CENTRAL AMERICA — American Manor evaluates Panamanian gold property
Halifax-based American Manor (ANO-A) has begun drilling for gold and silver in central Panama’s Colon province.The company is carrying out a planned 10,000-ft. program on the Santa Rita concession. Th…
MEXICO AND CENTRAL AMERICA — NEWS ROUNDUP — San Fernando sells La Fortuna
Vancouver-based San Fernando Mining (SNF-T) has completed the sale of its La Fortuna gold property in Mexico’s Durango state to Alamos Minerals (AAS-V).To acquire the property, Alamos paid San Fernand…
MEXICO AND CENTRAL AMERICA — NEWS ROUNDUP — Venoro drills in Costa Rica
Results are expected shortly from a reverse-circulation drill program carried out by Venoro Gold (VNG.A-V) at its La Union gold project in Costa Rica.More than 3,000 metres of drilling had been comple…
MEXICO AND CENTRAL AMERICA — Teck explores El Salvador
A diamond drill program operated by Teck (TEK-T) is under way at El Salvador, a property in the Central American country of the same name.The project is a joint-venture whereby Teck has a 55% interest…