A record year for production at the Seabee gold mine in northern Saskatchewan ensured an operating profit for Claude Resources (CRJ-T) in 1998, but writedowns taken on assets meant earnings were lower…
A preliminary option agreement sets the stage for Redstar Resources (RST-V) to acquire the Clear Creek property in the Yukon’s Dawson mining district.To exercise the option, Redstar must spend $1.25 m…
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Drilling by the exploration arm of Rio Tinto (RTP-N) has intersected copper-gold-silver mineralization at the Pukaqaqa property in Peru, a joint venture with Toronto-based Pangea Goldfields (PGD-T).Th…
The Dow Jones industrial average climbed 236.71 points, or 2.4%, during the report period ended March 16, briefly touching 10,000, before closing at 9930.47 points.However, it was bad news for miners …
Alluvial diamond mining has begun at the Klipgat 18 concession in South Africa.Mountain Lake Resources (MOA-V) reports that its privately owned partner recovered four stones in February from just over…
Early results from a planned 2,000-metre drill program in the Dominican Republic are boding well for Atna Resources (ATN-T).The first hole drilled on the San Antonio I concession encountered 0.7 metre…
Drilling by Orvana Minerals (ORV-T) is expanding the size of the Don Mario gold project in eastern Bolivia, near the Brazilian border.The junior encountered ore-grade mineralization in two of five rec…
Ecuadorian Minerals (EMC-T) intends to raise US$2.5 million to explore three gold properties: Vetaspata in Peru; Beroen in central Ecuador; and Paccha in southern Ecuador.At Vetaspata, north of Lake T…
Barrick Gold’s (ABX-T) proposed takeover of Sutton Resources (STT-T) has forced a change in management at the latter’s Bulyanhulu gold project in Tanzania.The current project manager, Placer Dome Tech…
A major copper producer plans to explore the Princess property on Newfoundland’s Bonavista Peninsula for its potential to host volcanic red-bed copper and/or epithermal porphyry copper-gold mineraliza…
Metallica Resources (MR-T) has encountered significant copper-gold mineralization at the El Morro porphyry prospect in north-central Chile.In the second hole of a 10-hole program that spanned 2,000 me…
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