Junior active in Congo
Newly listed Magnesium Alloy (MGAC-C) has set its sights on becoming a major producer of magnesium metal.Toward that end, the junior has acquired two exploration permits in the Kouilou region of the D…
News
Major eyes MacMillan copper prospect in Peru
Rio Tinto Mining & Exploration has set its sights on a copper-porphyry project held by Toronto-based MacMillan Gold (MMG-T) in the northern Ancash department of Peru.The major can earn a 51% interest …
Nebex funds Albanian venture
Nebex Resources (NBX-T) will use the proceeds from a $1.9-million private placement to fund work at the Munelle polymetallic deposit in Albania.Late last year, the company received government approval…
Patrician raises funds through share issue
Patrician Gold Mines (PXX-A) has raised $400,000 to continue exploring several of its gold and base-metal properties in the vicinity of Timmins, Ont.The company recently closed two separate private pl…
Gold Canyon drills Springpole
Junior Gold Canyon Resources (GCU-V) has begun a 2,400-metre program of diamond drilling at its Springpole gold project, 113 km northeast of Red Lake, Ont.The program will focus on the East Extension …
Alta pours gold at Griffon
Alta Gold (ALTA-Q) has poured its first gold at the Griffon heap-leach mine in Nevada’s White Pine Cty.When development began in July, reserves were deemed sufficient for only two years of mining. How…
Cyprus pulls through despite flat prices
Despite dwindling gold and copper prices, Cyprus Amax Minerals (CYM-N) landed in the black last year.The company earned US$69 million (or 54cents per share) on revenue of US$3.3 billion in 1997, compa…
Companies (February 02, 1998)
Alta GoldAmax GoldAmerican ComstockExplorationApex Silver MinesArgentina GoldAtna ResourcesAurizon MinesBarrick GoldBattle Mountain CanadaBirch Mountain MineralsBolidenBreakwater ResourcesCaledonia Mi…
Aurizon gives thumbs-up to Casa Berardi — Exploration aimed at restarting past producer in Quebec
After completing a due diligence review of the Casa Berardi mine, management of Aurizon Mines (ARZ-T) has approved plans to acquire 100% of the mine complex, situated in the Abitibi region of northwes…
Atna ups tonnage at Wolverine
Atna Resources (ATN-T) and partner Westmin Resources (VMI-T) have announced a 17.5% increase in the in situ mineral resource of the Wolverine massive sulphide deposit in southeastern Yukon.The resourc…
STOCK MARKETS — HTSE golds zoom skyward with metal price — Base metals also better in generally buoyant market
Led by the banks and golds, the Toronto Stock Exchange 300 index rose 212.27 points during the report period Jan. 21-27, ending the week at 6721.72, or 3.26% over its level of the previous week.Tradin…
Rio Tinto plans share repurchase
British mining giant Rio Tinto (RTP-N) hopes to take advantage of depressed market conditions by buying back 10% of its shares.The move is intended to provide Rio with greater flexibility in managing …