Prime aglow over ’96 earnings
Prime Resources Group (PRU-T) enjoyed higher earnings and increased gold production in 1996.The company earned $42.1 million (or 55 cents per share) on revenue of $198.7 million, compared with $36.5 m…
Articles by Northern Miner Staff
PEOPLE — DRAGOON
Cynthia Avelino, Walter Clemens, William Daly, Harry Hopmeyer, Michael Magrum and John Milligan appointed directors.
PEOPLE — COLUMBIA GOLD
Peter Grandich appointed vice-president of corporate strategy.
PEOPLE — CANARC (February 10, 1997)
Pierre Masse appointed vice-president of finance and chief financial officer.
GOLD FUNDS (February 10, 1997)
Gold Funds as of January 30, 1997BGRCentralTNet Value$21.80$5.89Price$17.85$5.450Discount18.14%7.5%Value$162,026,000$98,641,185…
Ming suspends milling in Baie Verte, Nfld.
Mining and milling problems, combined with falling gold prices, have prompted Ming Financial (MF-A) to suspend production at its Rambler mill in Newfoundland’s Baie Verte Peninsula.The company, which …
Energold outlines gold trend in Dominican Republic
Drilling has enabled Energold Mining (EGD-V) to identify a northwestern trend of mineralization on its El Centenario epithermal gold deposit in the Dominican Republic.The trend was confirmed by hole 4…
EAG and partner drill in Guinea
Equal joint-venture partners West Africa Mining Exploration (SMF-T) and Emerging Africa Gold (EAGI-C) have received encouraging drill results from their Jean-Gobele gold property in Guinea.During 1996…
Waseco updates gold resource for Tewah alluvial project
Infill drilling financed by Waseco Resources (WSCO-C) has boosted resources at the Tewah alluvial gold project in Kalimantan, Indonesia.The junior is earning a 60% interest in the project by completin…
Monarch calculates Mexican gold-silver resource
Preliminary resource figures are adding momentum to the Saladillo gold-silver concession in Durango, Mexico.Monarch Resources (MRE-T) estimates the San Sebastian prospect contains 1.6 million tonnes g…
Foreign projects featured in Cordilleran Roundup
A mood of cautious optimism prevailed at the 14th Annual Cordilleran Geology and Exploration Roundup. Delegates expressed enthusiasm over the current bull market for junior resource stocks, but their …
Pierina adds ounces for Barrick
Ongoing drilling at two South American projects has increased the gold reserves of Barrick Gold (ABX-T) to more than 50 million oz.The gold giant recently announced that its gold inventory rose to 51 …