IG shelves Bakyrchik project
Continued weakness in gold prices has forced Indochina Goldfields (ING-T) to cancel development plans for its Bakyrchik gold project in Kazakstan.The company will nonetheless proceed with operating pl…
News
St Andrew starts program in Timmins camp
A $5-million exploration program by St Andrew Goldfields (SAS-T) is under way at the Taylor property in the Timmins gold camp of northern Ontario.The company says 60% of the funds allocated for the 19…
Eskay Creek replaces reserves — More ounces than at mine’s 1995 startup
An aggressive surface and in-mine exploration program at Prime Resources Group’s (PRU-T) Eskay Creek gold-silver mine in northern British Columbia has surpassed its objective of replacing all the rese…
Placer Dome takes US$247-million writedown
Low bullion prices have induced Placer Dome (PDG-T) to take an after-tax writedown of US$247 million, or US99cents per share.The Vancouver-based major will record an unaudited loss for 1997 of US$260 …
Producer and Dealer Prices (February 02, 1998)
Aluminium: LME settlements US$1,507, alloy US$1,326 per tonne (Jan. 27/98).Antimony: Representative mid-market US$1,730 per tonne (Jan. 27/98).Bismuth: Representative mid-market US$3.35 per lb. (Jan. …
METAL PRICES — Daily Metal Prices (February 02, 1998)
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateJan. 27Jan. 26Jan. 23Jan. 22Jan…
Lytton, Indigo join Alberta play
Partners Lytton Minerals (LTL-T) and New Indigo Resources (NDR-A) have joined the hunt for Alberta diamonds by entering into a preliminary agreement with Birch Mountain Minerals (BMD-A) on a package o…
Richmont boosts output — High grades at Nugget Pond boost production
The start of commercial production at the Nugget Pond gold mine last spring has enabled Richmont Mines (RIC-T) to report a 140% increase in gold production for 1997.The underground mine is in the Baie…
St. Gen, KWG unveil restructuring plan
As part of a joint restructuring plan, St. Genevive Resources (SGVE-C) and KWG Resources (KWGR-C) are asking most of their creditors to swap debt for an equity stake in the two companies.St. Gen is as…
Yamana picks up property in Washington — Company to retain holdings in South America, Southeast Asia
Yamana Resources (YRI-T), known for its properties in such exotic locales as South America and Southeast Asia, has acquired a land package in its own backyard.The acquisition, which consists of 825 ac…
Meetings (February 02, 1998)
Feb. 2, ProbeFeb. 3, Int’l TikaFeb. 3, Vencan GoldFeb. 5, Yukon SpiritFeb. 9, Canadian OverseasFeb. 9, WilanourFeb. 10, Cotton ValleyFeb. 11, AndersonFeb. 11, Blackwater GoldFeb. 11, East IndiesFeb. 1…
Chesbar buys into Intrepid’s projects
Chesbar Resources (CBI-M) is joining forces with Intrepid Minerals (IAU-A) to explore and develop silver and gold properties in Guatemala.Chesbar has paid US$200,000 for a 25% interest in Intrepid’s G…