Manitoba shells out for exploration projects
The government of Manitoba will contribute $1.2 million to exploration projects in the province.The funding is part of the government’s Mineral Exploration and Assistance Program (MEAP), designed to a…
News
Miramar tightens belt, looks to expand
With a strike behind it and cash in the bank, Miramar Mining (MAE-T) is looking to join the ranks of intermediate gold producers, the company’s president told shareholders at the annual meeting.The co…
SPOT PRICES (July 05, 1999)
Precious MetalsPrice (US$/oz.)Change.ZSGold$260.80+$2.10Silver$ 5.15+$0.08…
LETTERS TO THE EDITOR — PGE-related reports need guidelines
The Northern Miner deserves applause for its recent editorials on salting scams, “boutique” assay labs, and associated frauds — not least of which are the “black sand,” or “desert dirt,” boondoggles …
Royal sizes up gold deposit
Following 18,000 metres of reverse-circulation drilling at the Milos gold project in Greece, Royal Gold (RGLD-Q) has reported a resource of more than 900,000 oz.Denver-based Barnes Engineering Service…
Donner explores ground near Lac Rocher project
In the Lac Rocher area of Quebec, Donner Minerals (DML-V) is exploring ground it has optioned from Falconbrige (FL-T) and Noranda (NOR-T).The $1-million field program will consist of geologi…
Seahawk plans emerald mine in Brazil — Gross revenue projected to reach US$30 million per year
With encouraging drill results and a strong prefeasibility study, Seahawk Minerals (SKM-V) is moving ahead with development of its emerald project in eastern Brazil.The Englewood, Colo.-based company …
LETTERS TO THE EDITOR — Blame Grits for gold’s woes
The recent precipitous drop in the price of gold is both damaging to some investors and alarming to the wider public.For centuries, gold has been an important yardstick by which we measure the wealth …
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Canadian spending drops
Final figures for 1997 show that exploration and deposit appraisal expenditures in Canada totalled $820.2 million, compared with $894.8 million in 1996, a drop of nearly $75 million.According to Natur…
Kvaerner to upgrade Thompson copper facilities
The engineering and construction arm of London-based Kvaerner has been awarded a $9-million contract to upgrade the copper production facilities at Inco’s division in Thompson, Man.The 3-stage project…
MOST ACTIVE ISSUES, June 23-28
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Firmer metals propel producers
The Dow Jones industrial average fell slightly during the report period ended June 28, closing down 66.48 points, or 0.6%, at 10,655.15.Metal producers perked up as the price of both copper and gold s…