Fairfield ships bullion from Siwash
Vancouver-based Fairfield Minerals (FFD-T) has shipped its remaining gold bullion to an Ontario refiner for upgrading to the North American standard of 9999 purity.The bullion produced gold credits of…
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Glencore bankrolls Zambian copper deal
Swiss trader Glencore International and First Quantum Minerals (FM-V) have moved a step closer to completing a deal with the government of Zambia and Zambia Consolidated Copper Mines (ZCCM) to buy a 9…
GeoNova buys Bachelor Lake
Montreal-based GeoNova Explorations (GNE-M) has signed a preliminary agreement to buy the Bachelor Lake gold mine and mill facilities for $5.6 million in cash and debt plus 3 million GeoNova shares.Si…
Twin finds more anomalies
Junior Twin Gold (TWG-T) has identified four dykes and 10 anomalies in an airborne survey over its diamond property in northern Quebec.The magnetic-electromagnetic survey on the northeastern section o…
Noranda and Metallica revise joint venture
Noranda (N-T) has revised its agreement with Metallica Resources (MR-T) over the Chilean copper porphyry target known as El Morro.Under the new agreement, Noranda can earn a 70% interest in the proper…
Ashanti
Decreased gold production, lower prices and a $7.8-million writedown of mining assets combined to produce more red ink for Richmont Mines (RIC-T) during 1999.The Montreal-based gold miner churned out …
Ashton resumes work at NWT properties
Armed with $1.3 million from a private placement, diamond-hunter Ashton Mining of Canada (ACA-T) has begun ground geophysical surveys on three properties in the Northwest Territories.At the 17,600-ha …
Pacific Rim expands Luicho gold target in Peru
Ongoing surface rock sampling is enabling Pacific Rim Mining (PFG-T) to enhance a promising bulk-tonnage target at the Luicho gold project in southern Peru.The company efforts are aimed at expanding t…
Buchans River expands in Labrador
Intrigued by a geological study released by the Newfoundland Dept. of Mines in 1994, Buchans River (BUV-V) has staked ground covering anomalous palladium, platinum and gold values from layered gabbron…
Wolverine launches prefeasibility study
Expatriate Resources (EXR-V) and Atna Resources (ATN-T) will spend a total of $1 million on a prefeasibility study of their 60/40-held Wolverine massive sulphide deposit in the Yukon.The study will in…
Denison back in the black
With the McClean Lake uranium mine now in commercial production, Denison Mines (DEN-T) returned to the black last year, posting net earnings of $12.3 million, compared with a loss of $3.3 million in 1…
Ashanti gets refinancing, clears calls
A deal between Ashanti Goldfields (ASL-N) and its major creditors will allow the troubled gold mining company to develop its Geita gold project in northwestern Tanzania and clear margin obligations th…