An increase in revenue at the Nanisivik mine and higher throughput at the Mochito mine in Honduras are two factors which contributed to hefty profits for Breakwater Resources (BWR-T) in 1997.The base …
Mar. 16, Anglo-AndeanMar. 16, Channel ResourcesMar. 16, Int’l VestorMar. 16, ToscanaMar. 17, Eldon ResourcesMar. 17, ESM ResourcesMar. 17, GreenshieldMar. 17, Manson CreekMar. 19, GWR ResourcesMar. 19…
Low gold prices may have hurt its earnings, but Richmont Mines (RIC-T) still enjoyed its sixth consecutive year of profitability in 1997.Revenue during the 12-month period nearly doubled, to $38.7 mil…
For 1997, Agnico-Eagle Mines (AGE-T) reported a loss of $121.6 million (or $2.83 per share), attributing the red ink to low gold prices. By comparison, the previous year saw the company earn $300,000 …
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), unveiled a $875-million plan to build Canada’s second diamond mine.The mine site is situated 300 km northwest of Yello…
The cloud hanging over political, social and economic life in Sierra Leone appears to be clearing, paving the way for mining companies to rebuild and restart their operations.In mid-February, a Nigeri…
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateMar. 3Mar. 2Feb. 27Feb. 26Feb.
Toronto-based Platexco (PGMI-T) is encouraged by the resource estimate received for its Winnaarshoek property, a platinum group metals (PGM) prospect on the eastern limb of the Bushveld igneous comple…
Drilling by Mispec Resources (MPE-M) has outlined a new gold zone at the Jampang gold property in Western Java, Indonesia.The program consisted of 17 reverse-circulation holes, each of which was colla…
Nevsun Resources (NSU-T) has entered into an agreement to purchase the Segala gold project in Mali, held 50-50 by Oliver Gold (OGO-V) and CMC, a 51%-owned subsidiary of Trillion Resources (TLQ-T).Half…
As a result of sustained lower copper prices, Australian major Broken Hill Proprietary (BHP-N) will shut down sulphide operations at the Pinto Valley copper mine, near Miami, Ariz.BHP called a halt to…
Rio Narcea Gold Mines (RNG-T) has celebrated its first gold pour at the Spanish open-pit mine known as El Valle.Situated in the northwestern region of Asturias, the mine entered production only nine m…
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