High River exceeds target at Siberian gold mine
The Siberian region of Buryatia is known for its punishing climate and remoteness. Yet for High River Gold Mines (HRG-T), it is increasingly synonymous with reward.The Toronto-based company is a partn…
News
Tri Origin gains gold property in northwestern Ontario
Junior Tri Origin Exploration (TOE-T) has acquired the Caribou property in northwestern Ontario and plans to begin exploring for gold there in the coming months.Situated in the North Caribou Lake gree…
Prime sets production record
Despite low gold prices, Prime Resources Group (PRU-T) continues to boast an impressive balance sheet.The Vancouver-based company posted record production in 1997 of 532,947 gold-equivalent oz., at a …
ODDS ‘N’ SODS — Go northwest, young man!
As we near the end of the 20th century, we can look back with great pride and appreciation on the events that set the stage for a new Canada to emerge. .TSurely, the great gold rush into the Yukon of …
Indochina Goldfields boosts reserves in Myanmar
Indochina Goldfields (ING-T) has increased the reserves of its Monywa copper project in west-central Myanmar by 219 million lbs. contained copper.Pit-optimization work by consultant Resource Service G…
Redbird spreads wings over Alberta
Toronto-based Redbird Gold (RBD.A-A) will earn a half-interest in three diamond exploration properties comprising a total of 525,000 acres in east-central Alberta.The junior will issue 30,000 shares t…
STOCK MARKETS — Western markets waver under gold and copper blues — Cross Lake, Canabrava Diamonds drop following release of results
Weak gold and copper markets continue to take their toll on junior mining and exploration stocks. The Vancouver Stock Exchange composite index shed 19.31 points, or 3.1%, during the report period ende…
Getchell seeks Turquoise Ridge financing
Getchell Gold (GGO-X) is looking to the market for the funding necessary to complete construction of the Turquoise Ridge gold mine in northern Nevada.Now that the Canadian Imperial Bank of Commerce (C…
STOCK MARKETS — TSE has another bad week as metal prices continue slump — Yamana rises on impressive assay results from silver discovery in Argentina
During the report period Feb. 18-24, the Toronto Stock Exchange 300 index lost 12.21 points, or 0.18%, to end the week at 6948.25.The Canadian dollar climbed 57 basis points against its American count…
Placer Dome boosts production
Increased production rates and revenues, coupled with lower cash production costs could not offset an enormous writedown at Placer Dome (PDG-T).During 1997, the company recorded a consolidated loss of…
Major General earns back into Victoria Island
Vancouver-based juniors Major General Resources (MGJ-V) and Ascot Resources (AOT-V) have signed a letter of agreement whereby the former can earn back a 50% interest in the Victoria Island diamond pro…
SPOT PRICES (March 02, 1998)
Wednesday, February 25, 1998Price (US)Week’s ChangeGold*$292.30- $5.50Silver*$ 6.3…