Eden Roc subsidiary hikes gold output
Two gold pours totalling 1,547 oz. have recently been completed by Eden Roc Mineral’s (TSE) West African subsidiary Somiaf. This represents an increase of 75% over previous pours. The high-purity bull…
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MURDER: Unravelling events at the Giant mine
The Giant mine resumed operation Sept. 25 after Royal Oak Mines (TSE) received approval to reopen from the Northwest Territories mine safety inspector. The company expected to achieve full production …
U.S. REPORT — Newmont acquires Atlas properties
Denver-based Newmont Mining (NYSE) has acquired the mining rights to two properties owned by Atlas Gold (NYSE). They are the Grassy Mountain property in Malheur Cty., Ore., and the Musgrove Creek prop…
U.S. REPORT — Cons. Nevada boosts production
Denver-based Consolidated Nevada Goldfields (TSE) increased its production and lowered its costs during the fiscal year ended June 30. Production from its two gold mines reached 28,132 oz. in 1992, up…
Garden Lake to issue shares
A placement of 600,000 units at 23 cents each has been announced by Garden Lake Resources (VSE). Each unit consists of one common share and one-half warrant. Redemption of one warrant plus 30 cents on…
Sikaman’s Goldenrae plant in Ghana set to produce
A new process plant for the Goldenrae gold mining project in Ghana, West Africa, is in operation, Sikaman Gold Resources (TSE) reports. The company says the contractor, IHC of Holland, is to complete …
Western Quebec raises $600,000
To increase working capital, Western Quebec Mines (TSE) has arranged a private placement with four investors for proceeds of $600,0000. The placement consists of 15-month promissory notes at 9% and 24…
Jennings bullish on Point Lake
Using figures released by BHP Minerals Canada and Dia Met Minerals (VSE), Christopher Jennings, president of SouthernEra Resources (TSE), estimates that the Point Lake kimberlite in the Northwest Terr…
Fiedmont plans reorganization
A special meeting of Fiedmont Resources’ (CDN) shareholders has been called for Nov. 2, in order to approve a reorganization of the company. Fiedmont will no longer be involved in mineral exploration….
INSIDER TRADING — Aber insiders on sell side
Some insiders of diamond explorer Aber Resources (TSE) have been active sellers of late. Judith Barker, wife of insider Lee Barker, sold 5,800 shares in July and August for $1.60-1.90 to hold none. Hi…
LATIN AMERICA ROUNDUP — Mahogany, Lily option Chilean mine
International Mahogany (TSE) and parent North Lily Mining (NASDAQ) have formed a joint venture with the owner of the Santa Rosa copper mine in northern Chile. The Santa Rosa mine, within four kilometr…
LATIN AMERICA ROUNDUP — Dakota plans Andes pilot project
A letter of intent to develop ore reserves in the Andes has been entered into by Dakota Resources (ASE), through its Barbados subsidiary, with an unnamed South American producer of commercial iodine. …