Montreal-based Nora Exploration (NXI-M) is expanding its interest in the Namibian Gemstones diamond concession off the west coast of southern Africa.Nora can boost its interest to 40% from the current…
Jusuf Merukh, a former partner of Bre-X Minerals at the Busang project in Indonesia, is once again making waves in Canadian mining circles.The Indonesian mining promoter had previously attempted to su…
Third-quarter earnings for Iamgold (IMG-T) show that the Sadiola Hill mine in western Mali has remained one of the best cost performers in the gold-mining world.In the same period, the project’s last …
Depressed gold prices have induced Homestake Mining (HM-N) to reduce to zero the carrying value of its namesake mine in South Dakota. As a result, the San Francisco-based company no longer expects to …
Kennecott Canada Exploration has drill-tested five geophysical targets to date on the Legend property in northeastern Alberta, with only one miss — and, weather permitting, a further four targets are…
Cumberland Resources (CDB-T) has advanced its Meadowbank gold project in the Northwest Territories to the prefeasibility stage.Over the next five months, Mineral Resources Development Inc. (MRDI) will…
Mining companies operating in Honduras and Nicaragua escaped Hurricane Mitch with little damage and are now helping victims in those devastated countries cope with the aftermath.In Nicaragua, the stor…
The interim report of the TSE-OSC mining standards task force refers to the additive property of variances, but the president of the CIM geological society, Marcel Vallee, objects to applied statistic…
Wednesday November 11, 1998Price (US)Week’s ChangeGold*$293.60+$3.50Silver*$ 4.99…
Although hampered by heavy rains and a high sand content, Trivalence Mining (TMI-V) managed to recover 4,783 carats of diamonds from its Guinean concession in the third quarter.More than 129,000 tonne…
The Seabee gold mine in Saskatchewan’s La Ronge district continues to generate operating profits for Claude Resources (CRJ-T).The Saskatoon-based company posted operating earnings of $1.8 million for …
Drilling at the El Valle mine in northern Spain is expanding high-grade gold mineralization in the recently discovered Sienna zone.The southernmost of the 13 holes that have penetrated the zone so far…
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