No buyouts at Giant, Pamour
The union locals at the Giant and Pamour gold mines have decided not to pursue employee buyouts of the operations, part of the holdings of failed gold producer Royal Oak Mines.Local 4440 of the United…
News
DIAMOND PAGE — Ashton bullish on Star, Roundrock
Armed with encouraging results from summer sampling, Ashton Mining of Canada (ACA-T) says further work is warranted on its Star and Roundrock properties in the Northwest Territories.The 7,200-ha Star …
Placer Dome appoints new president
Jay Taylor will take the reigns as president and chief executive officer of Placer Dome (PDG-T) when John Willson steps down at the company’s next annual meeting.There has been speculation that recent…
Gabriel upgrades Rosia Montana property
Denver-based Gabriel Resources (GBU-V) says its 65%-held Rosia Montana gold-silver property in northwestern Romania contains the equivalent of 7 million oz. gold and 37 million oz. silver.The revised …
DIAMONDS — Panel asks for statement
Following a review of the mining plan, a public hearing in Brazil concluded that the Rio do Sono alluvial diamond project in Minas Gerais, Brazil, requires a full environmental impact statement.Partne…
DIAMONDS — Buffalo finds calling card
A recent sampling program by Buffalo Diamonds (BUFD-C) has unearthed more diamond indicator minerals at the Calling Lake and Vaarlaam properties, 50 km north of Athabasca, Alta.To date, the junior has…
DIAMONDS — Partners release results
Partners Major General Resources (MGJ-V) and Ascot Resources (AOT-V) have released diamond recovery results from four holes at the Snowy Owl kimberlite pipe on Victoria Island in British Columbia.Acid…
Juniors exploring prospects in James Bay
Activity is heating up in the James Bay area, where several juniors recently launched exploration programs.Virginia Gold Mines (VIA-M) and its partners have begun drill programs at several projects ne…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Big golds recover ground in weak market
The Toronto Stock Exchange slid badly over the trading period Sept. 15-21, with the TSE 300 composite index falling 220.22 points (3.1% of value) to close at 6,917.87 on Sept. 21. The base metal stock…
DIAMONDS — Stockdale, Caldera find microdiamonds at Tabletop, Gunanya — Partners ready to drill following clearance
Early soil sampling at the Tabletop and Gunanya properties in the Pilbara region of Western Australia has yielded three microdiamonds.Stockdale Prospecting, the Australian exploration unit of De Beers…
GOLD FUNDS (September 20, 1999)
Gold Funds as of September 9, 1999BGRCentralNet Value$13.245.45Price$9.05…
THE NORTHERN MINER — Small Producers Index (September 20, 1999)
65.82 (+0.90)