Diamond valuation is in for Namco
Diamonds recovered from the Luderitz Bay project of Namco (VSE) have been valued by a leading international firm of diamond assessors.A total of 1,296 stones, approximately half of the total recovered…
News
Menora Resources buys advanced gold project in Yemen
In south-central Yemen, Menora Resources (ME) has acquired a gold exploration licence that hosts an advanced gold deposit and 35 other gold occurrences.The 340-sq.-km licence includes the Wadi Medden …
Last year a good one for Canadian mineral production
The total value of Canada’s mineral production in 1995 increased by 5.4% (or about $2.2 billion) from its 1994 level, according to figures released by the Ministry of Natural Resources.The total value…
Northfield Minerals raises funds for programs at four properties
Private placement financings have enabled Northfield Minerals (TSE) to fund work programs at four of its properties.Northfield has raised $2.5 million through the issuance of 3.6 million common shares…
STOCK MARKETS — TSE 300 quiet as metal prices fall
The Toronto Stock Exchange had a relatively quiet week, with low to moderate trading volumes and little movement in the indices. The TSE 300 composite index fell 9.53 points over the period Feb. 21-27…
Rio welcomes high prices for copper
Improved copper prices and additional production from the Cerro Colorado mine in Chile helped Rio Algom (TSE) post improved financial results in 1995.The company produced 197.1 million lb. copper in 1…
Canadian deposit types discussed at colloquim
The Geological Survey of Canada’s (GSC’s) fourth biennial Minerals Colloquim in Ottawa attracted representatives from Canadian, as well as foreign, companies.Entitled “Canadian Mineral Deposit Types: …
Cabo starts sampling program at three Cuban concessions
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…
Homestake Mining posts lower earnings for past year
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…
Tan Range Expl. puts money into Itetemia gold project
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 …
Fairfield plans more drilling for Siwash gold property
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…
Revenues decline for Denison
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…