Ashanti posts strong second quarter
Low operating costs triumphed over weak gold prices for Ashanti Goldfields (ASL-N), propelling the company to a profitable second quarter.The Ghana-based producer earned US$16.4 million (or 15 cents p…
News
Meetings (September 06, 1999)
Sept 7 Gossan Sept 8 Blackpool Sept 8 Cons. Interstat Sept 8 Stratabound Sept 8 Tikal Sept 9 Gold Summit Sept 9 Trans Hex Sept 10 Ascot Sept 10 Golden Band Sept 13 Grace , specialSept 13 Int’l Taurus …
Production steady for High River
Revenue for High River Gold Mines (HRG-T) dropped about 50% between the second quarters of 1998 and 1999, as lower cash costs at its mines failed to offset the effect of expired hedging contracts.Howe…
EuroZinc discovers new zone at Feitais
EuroZinc Mining (EZM-V) has intersected a shallow, high-grade zinc zone in the Feitais massive sulphide deposit at the formerly producing Aljustrel property in southern Portugal.The first two holes of…
Bissett mine expansion to go ahead
With this year’s production figures indicating signifcant cost improvements, South African miner Harmony Gold (HGMCY-Q) has approved a $6-million expansion program for its Bissett operation in eastern…
Avalon finds tantalum at Raleigh Lake
Avalon Ventures (AVL-V) has discovered tantalum mineralization in pegmatite dykes at the Raleigh Lake property, near Ignace in northwestern Ontario.One grab sample yielded a value of 0.22% Ta2O5 plus …
LETTERS TO THE EDITOR — BC amendment fails prospector
Last year, British Columbia’s Ministry of Energy and Mines, under Dan Miller, enacted two pieces of legislation purported to encourage mining activity in the province and facilitate the process for ob…
Mixed results for partners
Despite decreased production at the Sleeping Giant and Beaufor gold mines in Quebec and lower realized gold prices, Aurizon Mines (ARZ-T) stayed in the black during the second quarter.The company earn…
Ambrex, Anglo American team in Brazil
Ambrex Mining (AMBX-C) has signed a letter-of-intent regarding its Aripuana base metal property in southwestern Brazil with Anglo American Brasil, a subsidiary of U.K.-based Anglo American (ANGLY-Q).T…
Gold Funds (August 30, 1999)
Gold Funds as of August 19, 1999BGRCentralNet Value$13.515.51Price$8.90$5…
Correction (August 30, 1999)
In our Aug. 16 issue, we incorrectly stated that the Tulawaka property in Tanzania belongs to Tan Range Exploration (TNX-A). In fact, it is a 70-30 joint venture between Pangea Goldfields (PGD-T) and …
The Northern Miner Small Producers Index (August 30, 1999)
67.04 (-0.18)(Sept. 30/98 = 100)…