Northgate reports high income for ’95
The settlement of an arbitration hearing and the sale of subsidiary NorthWest Gold have enabled Northgate Exploration (TSE) to post its best financial results since 1989.In 1995, Northgate earned $7.2…
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Atlas, MSV to merge assets
Two companies with existing mines in North America have decided to join forces to create a growth-oriented company that would produce about 200,000 oz. gold by 1998.Atlas (NYSE), a Nevada-based gold p…
William prepares to pour gold at Velardena project
Within a few short weeks, William Resources (TSE) will begin pouring gold from a mine that has a long and sporadic production history.Situated in Mexico’s Durango state, the Velardena project is, in m…
STOCK MARKETS — Western markets shine despite lacklustre gold
A drop in gold prices to US$394 per oz. had little effect on western markets over the report period ended March 5.The Vancouver Stock Exchange resource index tacked on more than 55 points, finishing a…
PCS reaches safety landmark
The Potash Corporation of Saskatchewan’s New Brunswick division reached a safety milestone after working 1 million hours without a lost-time accident, a first in the province’s mining industry.Three-h…
Golden Queen ups reserves at Soledad
Drilling at the Soledad Mountain project near Mojave, Calif., has boosted proven and probable reserves to 27.8 million tons grading 0.025 oz. gold and 0.42 oz. silver per ton.Golden Queen Mining (TSE)…
Globex and Royalstar terminate proposed Tonkin Springs deal
Based on results of a preliminary review, Globex Mining Enterprises (ME) has decided not to pursue plans to acquire Royalstar Resources’ (TSE) controlling interest in Gold Capital (NASDAQ).Gold Capita…
Jonpol, H-L explore property near Busang
Indonesian authorities have granted approval for partners H-L Corp. (CDN) and Jonpol Explorations (TSE) to begin exploring two claim blocks in East Kalimantan.The blocks comprise 1,047 hectares within…
Wheaton raises funds for exploration
Wheaton River Minerals (TSE) has raised almost $5 million in a private placement, which it will apply to exploration and development at its Golden Bear and Ketza River projects in British Columbia.Whe…
Junior aims to retain majority stake — Bre-X in driver’s seat as Busang’s potential grows
Junior companies are credited with many important mineral discoveries, but, in most cases, the companies and their projects are gobbled up by senior companies with the resources to build and operate m…
Laminco expands its San Antonio property
Drilling on the San Antonio property in Mexico’s Sonora state has boosted the geological resource to 5.4 million tons grading 0.075 oz. gold per ton.Having drilled 36 holes on the Golfo de Oro deposit…
THE DIAMOND PAGE — Early results from A-418 kimberlite are adding momentum to Kennecott Canada
Drill results from the A-418 kimberlite pipe at the Diavik project in the Lac de Gras area of the Northwest Territories suggest the structure may have comparable potential to the nearby A-154 South pi…