Production from two new mines has prompted mining analysts to take a closer look at Falconbridge (FL-T), the world’s third-largest nickel producer and Canada’s largest producer of copper.Roger Chaplin…
Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…
Through a private placement, Tahera (TAH-T) intends to raise $3.5 million, a portion of which will be used to explore the Jericho diamond properties in the new Canadian territory of Nunavut.The privat…
Ian Ward appointed director.
Junior Rubicon Minerals (RMX-V) has begun a 5-to-8-hole, 4,000-ft. drill program at the Palmer base metal project in southeastern Alaska.The road-accessible project, 35 miles northwest of the port of …
Ian Atkinson appointed vp operations and exploration.
The Peruvian subsidiary of South African-based Anglogold (AU-N) has signed a letter-of-intent with Solitario Resources (SLR-T) to acquire an interest in the Sapalache gold property in northern Peru.An…
The San Francisco gold mine in Mexico continues to provide a steady stream of production to Geomaque Explorations (GEO-T), having churned out 17,532 oz. in the second quarter.The quarterly output brin…
Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator Aquest Minerals (AQU-V).The results come fro…
Increased production from the Seabee mine in northern Saskatchewan kept Claude Resources (CRJ-T) in the black during the first half of 1999.Earnings during the period reached $1.9 million (6 cents per…
The Vancouver Stock Exchange composite index nosedived 14.26 points, or 3.4%, over the report period ended Aug. 10 to close the week at 400.89. The mining index also lost ground, shedding 6.35 points,…
Toronto-based Sherritt International (S-T), which has operations in Canada and Cuba, is reaping the benefits of record oil production, upward-trending commodity prices and enhanced efficiency.The comp…
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