News

Cerro Colorado enters feasibility stage in Panama

Toronto-based Tiomin Resources (TIO-T) has awarded a contract to an independent engineering firm to study the feasibility of developing its Cerro Colorado porphyry copper deposit in Panama.Kvaerner Me…




Golden Knight posts $56.1-Million loss for 1996

The $58.8-Million writedown of its 40% carried interest in the Casa Berardi joint venture resulted in a loss of $56.1 million for Golden Knight Resources (GKR-T) in 1996.The loss is considerably great…



Drilling begins at Adumasa project

A 2,000-Metre program of diamond drilling is under way at the Adumasa property in Ghana, a joint venture of Norcan Resources (NRE-V) and AMI Resources (AMU-V).The work will follow up on three prominen…



Copper, lead prices affect Cominco’s earnings

While zinc prices were robust during the first quarter, copper and lead prices were not, resulting in a moderate decrease in earnings for Cominco (CLT-T).The company reported a profit of $21 million (…


Newmont receives approval for Batu Hijau

The government of Indonesia has granted Newmont Gold (NGC-N) a construction permit for the Batu Hijau copper-gold project on the island of Sumbawa.The last week has been a tense one for the Denver-bas…


Brandon gains option in Mexico

Brandon Gold (BG-V) can earn up to a 60% interest in the Guerrero concession, in the southern Mexican state of Guerrero.Under an agreement with Miranda Mining Development and Mexican-based Miranda Roy…


Canarc hits high grade in Suriname

Canarc Resource (CCM-T) has intersected high-grade gold mineralization in two separate areas on the Sara Kreek property in Suriname.Highlights of the recent phase-2 program include: hole EB-9705, whic…



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