First Dynasty pours Armenian gold
First Dynasty Mines (FDM-T) has joined the gold production ranks, pouring its first gold bar at the Ararat tailings project in western Armenia.The Singapore-based company has spent US$12 million to co…
News
More Colombian gold for Greystar
Vancouver-based Greystar Resources (GSL-V) has recovered high-grade gold intercepts at its Angostura gold project, situated in northeastern Colombia.Two step-out diamond drill holes returned significa…
Novicourt’s profits down
Yet another Canadian mining company has reported a drop in fourth-quarter earnings as a result of lacklustre metal prices.Novicourt (NOV-T), which is 61% owned by Noranda (NOR-T), earned $1.1 million …
Antares set to follow up Toodoggone gold strike
Antares Mining & Exploration (ANZ-T) is set to begin a $1.5-million exploration program on its Toodoggone property, situated in north-central British Columbia, following the discovery of gold minerali…
Platinova, Lexam test targets in Greenland
Although Platinova (PAS-T) and Lexam Explorations (LEX-M) have intercepted a narrow kimberlite dyke on their jointly held West Greenland property, the partners have yet to encounter any potentially ec…
Companies (March 16, 1998)
Aber ResourcesAgnico-Eagle MinesAlberta EnergyAmerica GoldAnglo AmericanAnglogoldAntares Mining & ExplorationAshton MiningAur ResourcesAuridiam ConsolidatedBarrick GoldBolivar GoldfieldsBreakwater Res…
Rio Tinto begins work in Peru
Preliminary exploration work has begun at the Minas Santa Rosa copper-porphyry property of MacMillan Gold (MMG-T) in Peru.Exploration is being conducted by the exploration arm of London-based Rio Tint…
Anglogold weathers storm of low gold prices
The five gold-producing companies serviced by Anglogold, in aggregate, saw gains in both profit and gold production in the quarter ended Dec. 31, 1997.Anglogold is a division of South African-based mi…
Gitennes advances on Virgen project
Underground exploration work on the southern end of the Rio Suro oxide gold zone at the Virgen property in north-central Peru is helping Gitennes Exploration (GIT-T) get a better handle on an area of …
LME WAREHOUSE LEVELS (March 16, 1998)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.10/98 (change from Mar. 3 in brackets):MetalStocks(tonnes)Change…
Francisco hits more gold
The latest drill results at Francisco Gold’s (FGX-V) wholly owned El Sauzal gold project in Mexico’s Chihuahua state are expected to expand reserves.Of the 29 drill holes recently completed, 85% inter…
Juniors cope with new Nasdaq listing requirements
The idea that bigger is better is putting the pinch on junior mining companies in the U.S., as the National Association of Securities Dealers (NASD) implements plans to toughen listing requirements on…