Aur Res. enjoys strong quarter
Aur Resources (AUR-T) has reported higher quarterly earnings, thanks to better operating performances at the Louvicourt and Andacollo mines.For the three months ended June 30, the copper miner netted …
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EDITORIAL & OPINION — GEOLOGY 101 — Redbed copper deposits, Part 2
Sedimentary redbed deposits are relatively small, and few are ever brought into production. There are no such mines in Canada, though deposits do occur in Nova Scotia and New Brunswick. Around the wor…
Dayton tables quarterly loss
Record production at the Andacollo gold mine in Chile was not enough to prevent Dayton Mining (DAY-T) from incurring a loss in the second quarter.The company lost US$433,000 on revenue of US$10.2 mill…
SUPPLIERS NEWS ROUNDUP — Chopper company opens doors in north
A partnership between Tulita Land Corp. and Great Slave Helicopters will create one of the largest aboriginal joint ventures to date in the Northwest Territories.The company, to be called Sahtu Helico…
Vancouver site for museum
Considering the mining history of British Columbia, the Yukon and the Northwest Territories, it’s hard to believe that no mineral museum exists west of Ontario. That’s about to change as a result of t…
Major General tests targets
Having outlined two anomalies during a geophysical program, Major General Resources (MGJ-V) is preparing to carry out trenching and drilling on its Spider Lake base metal project near Schreiber, Ont.T…
Anglo American buys into Aussie nickel miner
Having advanced its Murrin Murrin nickel-cobalt mine and refinery to the commissioning stage, Australian-listed Anaconda Nickel is receiving a second vote of confidence from a foreign nickel producer….
NAME CHANGE (August 16, 1999)
Britannia Gold (BGP-V) has changed its name to Britannia Minerals (BM-V) on a 1-new-for-7-old-share basis.
INSIDER TRADING — Armada exec unloads shares
Recent insider trading reported by the Ontario Securities Commission in its OSC Bulletin includes the following:Armada Gold (AAU-T) — John Hopkins, director, sold 500,000 shares at 4 cents-5 cents pe…
Three aluminum giants enter into merger
In the biggest cosolidation move yet in the international aluminum industry, Alcan (AL-T) is taking the lead in a merger with two large European aluminum producers.The Montreal-based company announced…
George Lake project gets new lease on life
Unable to go it alone, Kit Resources (kit-) has enlisted the aid of Kinross Gold (K-T) to develop its George Lake gold project near Bathurst Inlet in Nunavut.Touted as one of the largest undeveloped p…
Ecuadorian hits high grade at Beroen
Junior Ecuadorian Minerals (EMC-T) has intercepted high-grade gold-silver values at the Beroen project in southwestern Ecuador.Results from the first four holes drilled on the Alejandra breccia encoun…