Vengold racks up more losses
The third quarter of 1999 was another bad one for Vengold (VEN-T), which lost US$76.4 million (US53 cents per share) on gold sales revenue of US$10.5 million, compared with a loss of US$6.8 million (U…
News
EXPLORATION ’99 – Eastmain, Bubbee expand holdings
Among the companies hoping to revive New Brunswick’s mining industry are Eastmain Resources (ER-T) and unlisted Bubbee Ventures. The companies recently acquired additional claims in the area to cover …
EXPLORATION ’99 – Mindoro finds gold at Agata property in Philippines
Edmonton-based Mindoro Resources (MIO-A) is enjoying early success from reconnaissance drilling at its Agata gold project on the Philippine island of Mindanao.From 11 diamond drill holes totalling 798…
Meetings (November 29, 1999)
Nov. 30 OrientDec. 3 PinewoodDec. 3 RuxDec. 3 Viking GoldDec. 6 New Venoro GoldDec. 7 Tellis GoldDec. 9 Arizuma SilverDec. 9 Anglo MineralsDec. 13 Itec MineralDec. 14 Maracote Int’lDec. 15 Valerie Gol…
Placer gains Solomon’s gold interests in Africa
Partners Channel Resources (CHU-T) and Solomon Resources (SRB-V) have entered into separate agreements that will allow Placer Dome (PDG-T) to earn up to a 65% interest in the Bombore and Naoube…
Companies (November 29, 1999)
AMT International MiningAnglo AmericanAnglogoldAnooraq ResourcesBema GoldCancor MinesChannel ResourcesChief Consolidated MiningComaplex MineralsConquistador MinesCorner Bay MineralsCumberland Resource…
Icelandic Gold buys silver mine
Icelandic Gold (ICEG-C) will acquire the dormant Zgounder silver mine, in the Anti-Atlas Mountains of southern Morocco.The junior has signed a letter-of-intent with a mining arm of the Moroccan govern…
Minefinders arranges financing for Dolores
Minefinders (MFL-T) has secured commitments for a non-brokered private placement of 1.8 million units priced at 90 cents per unit. Proceeds are expected to total $1.6 million.Each unit will consist of…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver markets slump while Alberta heats up
The Vancouver Stock Exchange composite index dropped 6.22 points, finishing the week ended Nov. 23 at 386.77. The mining index also lost ground, shedding 2.48 points at 261.38. The combined value of t…
EXPLORATION ’99 – GeoNova adds ground in Que.
Montreal-based GeoNova Explorations (GNE-M) has acquired the Gander gold property, northwest of Lebel-sur-Quvillion, Que.The property is contiguous with GeoNova’s Discovery project, which hosts a kno…
Greystar updates resource
Junior Greystar Resources (GSL-T) has updated the resource estimate for its wholly owned Angostura gold-silver property in northeastern Colombia.Indicated and inferred resources now stand at 9.3 milli…
Cancor tallies Gemini resource
Having sunk an additional eight holes, Cancor Mines (KCR-M) is calculating a preliminary resource for its Gemini volcanogenic massive sulphide property in northwestern Quebec.Work to date has defined …