Output, revenue down for Nelson
Junior Nelson Gold (NLG-T) has slipped into the red as a result of declining production from its operations in Tajikistan.For the nine months ended Sept. 30, Nelson posted a loss of US$1.4 million (or…
News
Expatriate tests gold camp
Equal partners Expatriate Resources (EXR-V) and Nordac Resources (NRQ-V) are encouraged by the results of a grassroots gold exploration program on the Armenius and Eureka properties in the Yukon.Combi…
Ecuadorian cuts high-grade mantos in Peru
Widely spaced drilling has returned strong gold values for Ecuadorian Minerals (EMC-T) at the Vetaspata property in southeastern Peru.Results from 12 of 19 core holes, totalling 1,750 metres, confirm …
EuroZinc boosts resource
As part of a final feasibility study, EuroZinc Mining (EZM-T) has released new resource estimates for the past-producing Aljustrel project in Portugal.The Vancouver-based company hopes to revive Aljus…
Drilling extends Tulawaka
Partners Pangea Goldfields (PGD-T) and Northern Mining Exploration (MDN-T) are sizing up what could become Tanzania’s newest gold deposit.Recent drilling has extended the East zone to a depth of 160 m…
Sudbury Contact aims drills at Tonkin Springs
Drilling is under way at the Tonkin Springs gold property in the Battle Mountain trend of central Nevada.Sudbury Contact Mines (SUD-T), which acquired the option to earn a 60% interest in the project …
Mustang forms JV with Impala
Mustang Minerals (MMIN-C) and South African-based Impala Platinum Holdings are continuing to explore for platinum group elements at the River Valley intrusion in northern Ontario.The two recently sign…
Nickel production tapers off, demand steady
Nickel usage among top three consumers — U.S, Britain and Canada — has tapered off following a post-war high in 1948. The aerospace, automobile and construction sectors remain the largest consumers …
GREATEST VALUE TRADED, DEC. 8-14
Val($000s)HighLowCloseChangeAlcoa*N 680893 77.06 71.38 74.69 + 1.88…
Kubaka helps Russian production
Gold production in Russia between January and October was more than 250,000 oz. higher than in the comparable period of 1998, according to figures released by the country’s Ministry of Economics.About…
Writedowns take toll on Northern Orion
Northern Orion Explorations (NNO-T), further in the red following a series of writedowns attributed to its Mantua gold operation in Cuba, has arranged a refinancing with parent Miramar Mining (MAE-T)….
CORRECTION (December 20, 1999)
In our Dec. 13 issue, we reported that Mountain Lake Resources (MOA-V) must pay $470,700 over a 3-year period to the owners of the Klipgat diamond property in South Africa.Mountain Lake has optioned t…