Denison earnings tumble
Uranium and oil producer Denison Mines (DEN-T) saw its second-quarter earnings dramatically reduced as a result of lower oil output and prices.For the three months ended June 30, Denison earned $2.4 m…
News
Meetings (August 10, 1998)
Aug. 10, EdenAug. 10, LayfieldAug. 10, Newcoast SilverAug. 10, Upton CopperAug. 11, Canadian ShieldAug. 11, TuscanyAug. 11, ZorinAug. 12, EastonAug. 13, AMI Res.Aug. 13, GoldzoneAug. 13, KenrightAug. …
Vengold boosts stake in Lihir gold mine
Vengold (VEN-T) has purchased a further 6.5% stake in the Lihir gold mine in Papua New Guinea. The $133.5-million acquisition raises its interest to 19%, making it the largest of Lihir’s stakeholders….
Mining fog gets attention
Delegates from 50 countries recently met in Vancouver, B.C., to discuss a new kind of mining that might revive areas with chronic water shortage problems.The notion of tapping into life-giving fog to …
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Shares traded by execs at Twin Gold, American Gem
The Ontario Securities Commission’s OSC Bulletin reports that a director of Twin Gold (twg-t) bought several blocks of shares in that company in June.Hermann Derbuch bought 147,500 shares at 27-30 cen…
Mansfield options porphyry prospect Mill construction begins at Minto property in Yukon
Vancouver-based Mansifeld Minerals (MDR-V) and Aranlee Resources (ARB-V) will jointly develop the Pancho Arias porphyry prospect in northern Argentina’s Salta province.Mansfield can acquire a 60% inte…
Kabila’s government slow to advance mining in DRC
When Laurent Kabila wrested control of the former Zaire from ailing dictator Mobutu Sese Seko more than a year ago, he promised to revive the nation’s ailing mining industry, wage a war on corruption,…
Millstream completes drilling
Toronto-based Millstream Mines (MLSM-C) has received final results from diamond drilling at its Potter base metal property near Matheson, Ont.In total, 10 deep holes tested for depth and strike extens…
LME WAREHOUSE LEVELS (August 03, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 13/98 (change from July 6 in brackets):MetalStocks(tonnes)Change…
MINING MARKETS & INVESTMENT NEWS — Suspensions abound on TSE, VSE
The British Columbia Securities Commission has issued cease trade orders against four companies that failed to abide by the regulator’s stricter disclosure requirements.Vetta Ventures, Rorex Explorati…
Drilling expands Grayd’s Dry Creek deposit
At its Dry Creek polymetallic property in Alaska, Grayd Resource (GYD-V) has outlined a continuous zone of mineralization over a strike length of 230 metres and to a vertical depth of 140 metres.The s…
Quarterly results keep Eldorado in black
Determined to produce 200,000 oz. gold by the end of the year, Eldorado Gold (ELD-V) has continued to slash cash costs and increase quarterly output.The company reduced total cash costs to US$260 per …