Cash flow from the Monywa copper project in west-central Myanmar is enabling Indochina Goldfields (ING-T) to claw its way toward profitability.For the first nine months of 1998, IG reported a loss of …
Aur Resources (AUR-T) has reached a deal with Outokumpu Base Metals to acquire the Finnish major’s half-interest in the Zaldivar open-pit copper mine in Chile.For US$265 million in cash and the assump…
Namibian Minerals (NMR-T) is expanding alluvial diamond production at its Luderitz Bay concession off the coast of Namibia.Production capacity in the NamSSol II marine mining system will be increased …
Junior Cumberland Resources (CBD-T) has closed a non-brokered private placement of 1.5 million units priced at $1.70 each for net proceeds of $2.4 million.Resource Capital Fund subscribed to 1 million…
Inter-Rock Gold (IRO-T) continues to operate in the red, having lost $388,000 in the three months ended Sept. 30, compared with $369,000 in the similar period of 1997.Losses in the first nine months o…
Placer Dome (PDG-T) has reached an agreement with Johannesburg-based Western Areas to acquire a 50% operating interest in a property in the Witwatersrand district of South Africa.The property contains…
Although Black Hawk Mining (BHK-T) reported a loss of US$300,000 on sales of US$8.7 million for the third quarter, the company posted a profit of US$700,000 for the nine months ended Sept. 30.The quar…
Lower production translated into a third-quarter loss for William Resources (WIM-T).For the three months ended Sept. 30, the company lost $4.2 million (or 7 cents per share) on revenue of $17.9 millio…
Interim report deemed on right track, despite some confusion about role of QP Early next year, the Mining Standards Task Force, established by the Toronto Stock Exchange (TSE) and the Ontario Securiti…
The final two targets of this year’s drilling program on the Legend property in northeastern Alberta have proved to be kimberlites, raising to seven the number of bodies found there.Kennecott Canada E…
The Supreme Court of British Columbia has dismissed a legal challenge by Atna Resources (ATN-T) against the proposed sale of Boliden’s (BOL-T) 60% interest in the Wolverine project to Expatriate Resou…
With the results of an independent engineering study in hand, Minroc Mines (MN-T) is arranging financing to bring its chrysotile asbestos fibre project into commercial production by the second quarter…
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