A grid geochemical sampling program is proceeding on the Manacal prospect, which forms part of the 1,032-sq.-km Trinidad concession in central Cuba.The Trinidad is one of three Cuban concessions compr…
Despite an increase in gold reserves, Homestake Mining (NYSE) posted lower profits in 1995. The decrease was caused by a combination of a high tax rate and low gains from the sale of assets.The compan…
Drill results from the Itetemia gold property in Tanzania have prompted Tan Range Exploration (ASE) to inject more cash into the project.Tan Range has allocated more than US$2 million to the Itetemia …
Exploration work will attempt to increase reserves in three target areas on the Siwash property near Merritt, B.C.Owner Fairfield Minerals (TSE) will spend $1.2 million on the property this year and p…
Earnings of $15.9 million were reported by Denison Mines (TSE) for 1995, compared with $15.2 million a year earlier.Revenues fell to $64.1 million last year from $85 million in 1994. The decrease in r…
Exploration expenditures in Scandinavia reached record levels in 1994, and the trend continued into 1995.According to Scandinavian Mining and Exploration Annual Review 1995, published by Raw Materials…
A drill permit for the Bismillah 1 claims west of Nain, Labrador, will not be issued until an archaeological survey has been conducted there and the project is approved by the Newfoundland Department …
Consolidated Callinan Flin Flon Mines (VSE) has started exploratory drilling on the Walter polymetallic property near Flin Flon, Man.The company plans to drill up to 10 previously untested targets, de…
Stronger prices for the red metal enabled Gibraltar Mines (TSE) to earn $3.4 million (or 13 cents per share) on revenue of $100 million for 1995.The figure compares with a net loss of $10 million on r…
A private placement of 4 million special warrants at $1 each will provide Bolivar Goldfields (TSE) with funding for deep drilling and feasibility work on the Tomi gold project in Venezuela.The special…
Drilling is under way on the Veladero, Del Carmen, Rio Frio and Poposa projects in San Juan, Argentina.Argentina Gold (VSE), which holds a 60% interest in the Veladero project, reports that geophysica…
Five senior officers of Barrick Gold (TSE) exercised options and traded shares of the corporation in December 1995 and January 1996.According to the Ontario Securities Commission’s OSC Bulletin, Louis…
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