Cominco cans Sa Dena Hes
Plans by Cominco (CLT-T) to reopen the Sa Dena Hes zinc-lead mine in southeastern Yukon have been cancelled following the deterioration of market conditions.Cominco, the operator, has a 25% interest i…
News
Drill results keep hope alive at South Voisey’s Bay
It isn’t the glittering confirmation of mineral riches that investors has been hoping for — but it isn’t bad.Nickel grades found in the season’s last drill hole at the South Voisey’s Bay project in L…
Old, new mining districts subjects of tour
Historic and current mining operations in Europe and Mexico will be the focus of several tours offered by a British company throughout 1998.Regions scheduled to be visited include:* the Iberian pyrite…
Getchell lays off 100 at namesake mine in Nevada — Low gold prices take toll on mine plan
Dismayed by the low gold price, Getchell Gold (GGO-T) has ceased processing of low-grade ore from stockpiles and issued pink slips to 100 workers at its namesake gold mine in northern Nevada.Meanwhile…
DIAMOND PAGE — Nora ups production in Namibia
Nora Exploration (NXI-M) has increased production at its diamond concession in Namibia.Production in November topped 32 tons per hour, representing a fourfold increase over previous rates. Grade and c…
DIAMOND PAGE — Plug pulled on Acordo
Trans Hex International (THI-T) has discontinued work at the Acordo diamond project in Brazil’s Tocantins state.The company had already earned an 80% stake in the joint-venture project from privately …
Gold panning to benefit hospital
A gold panning charity event will be held from Jan. 28-30, at the Vancouver Art Gallery.All funds raised by the event will be donated to British Columbia’s Hospital Foundation. Participants in the eve…
GREATEST VALUE TRADED, Dec. 10-16
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Noront, Alto await Windfall results
A preliminary program of three diamond drill holes totalling 717 metres has been completed on the Windfall Lake base metal and gold project in northwestern Quebec.Situated 90 km east of Lebel-Sur-Quvi…
STOCK MARKETS — Voisey’s Bay juniors head south on release of assays — Drill results also prove damaging to Cross Lake, Ontario partners
The Vancouver Stock Exchange composite index slipped below the 600 level during the report period ended Dec. 16 to close at 584.19, down 23.21 points, or 3.8%. The mining index was off 17.84 points, o…
STOCK MARKETS — Gold issues heat up on a cool TSE — Broad market moves lower, led by base metal miners
The Toronto Stock Exchange fell 199.56 points over the trading period Dec.10-16, closing at 6,567.43 as the mining stocks and the conglomerates headed southward in moderate-to-heavy trading; but for a…
Armada secures funds for Erdmin project
Armada Gold (AAU-T) has secured financing to continue its expansion of the Erdmin copper plant in Mongolia.The second phase of the expansion is designed to boost daily copper output to 60 from 10 tonn…