Eden Roc reports profit from African gold mine
Annual earnings for Eden Roc Mineral (TSE) are finally in the black, following three years of unprofitable operations at its gold mine in Ivory Coast.For the year ended Dec. 31, Eden Roc earned $567,0…
News
METALS COMMENTARY — Demand for gold offsets hedging activity
Gold 1996, the latest annual survey of the gold market from Gold Fields Minerals Services, shows that the hedging of future mine production reached a record level in 1995. Even so, the report shows th…
Companies (May 27, 1996)
INDEXAber ResourcesAcabit Expl.Adex MiningAdola GoldAfriOreAltai ResourcesAnglo AmericanArequipa Res.AsarcoAshanti GldfldsAshtn Mg of CdaAshton MiningAsia PacificAurizon MinesBaja GoldBand Ore Res.Ba…
ANNUAL REPORT REVIEW — B.C. mining profitable but exploration waning
Although British Columbia’s mining industry reported its second consecutive year of profitablity in 1995, the future health of the industry remains in doubt.In its annual report titled The Mining Indu…
Royal Oak foresees growth after startup of Kemess
Toronto-listed Royal Oak Mines expects its annual gold-equivalent production to escalate to 1.2 million oz. by 2001, up from 371,000 oz. in 1995.The dramatic increase reflects the proposed Kemess gold…
SOUTHEAST ASIA SPECIAL — International Pursuit spans three nations
Toronto-listed International Pursuit (TSE) has interests in three separate countries in Southeast Asia, both directly and through ownership positions in three other companies.Pursuit is best known for…
SOUTHEAST ASIA SPECIAL — VSE listing for Laverton
Newly listed Laverton Gold (VSE) is another Australian company actively exploring in Southeast Asia. The company has domestic mineral projects, however its main property, the Rawas gold project, is si…
SOUTHEAST ASIA SPECIAL — Yukon Gold starts work program at Buduk property in Kalimantan
In many tropical countries, the gold is where the miners are. Indeed, local, independent miners with hand tools and sluice boxes often pave the way for large-scale operations.Craft mining activity in …
SOUTHEAST ASIA SPECIAL — Virginia Gold lands permit
Quebec explorer Virginia Gold Mines (ME) has signed an agreement with a private company to acquire the Lamprung property on the Indonesian island of Sumatra.The exploration permit, which covers 20 sq….
SOUTHEAST ASIA SPECIAL — Decade of work pays off for Newmont
A decade of exploration and development work has enabled Newmont Gold (NYSE) to open its first mine in Southeast Asia, and have a second waiting in the wings.During the first quarter of this year, the…
Nuinsco eyes nickel find in Ontario
Having unexpectedly hit nickel-copper-cobalt mineralization while searching for gold on its property near Rainy River, Ont., Nuinsco Resources (TSE) is now searching for the much larger store of base …
SOUTHEAST ASIA SPECIAL — Canarc positions itself in Indonesian gold belt
Junior Canarc Resource (VSE) has acquired a land holding totalling 2.2 million hectares in the gold belt of central Kalimantan, Indonesia.The company secured 13 separate contracts of work (CoWs) by fo…