McWatters slashes costs at Quebec gold mines
McWatters Mining (MCW-T) has rebounded from a difficult first quarter and turned a small profit from its gold mines in Val d’Or, Que.During the 3-month period ended June 30, McWatters earned $863,511 …
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DIAMOND PAGE — Winspear tables microdiamond analysis
Microdiamond analysis of material pulled from the NW dyke on the Camsell Lake property in the Northwest Territories indicates that microdiamond counts are constant over the area sampled.The project, s…
Meetings (August 30, 1999)
Aug 30 Blake RiverAug 30 TetraAug 31 AegeanAug 31 Big BlackfootAug 31 GalleriaAug 31 Golden TempleAug 31 JNR Res.Aug 31 Pacific TopazAug 31 Royal RockSept 1 NavasotaSept 3 Line IslandSept 7 GossanSept…
Higher output propels Freeport
Higher production and sales resulted in a second-quarter profit for Freeport-McMoRan Copper & Gold (FCX-N).The company earned US$19 million (or 12 cents per share) during the 3-month period ended June…
Spot Prices (August 30, 1999)
Wednesday August 25, 1999Courtesy of ScotiabankPrecious MetalsPrice (US$/oz.)ChangeGold$253.20- $8.30…
Ken Snyder boosts royalty sisters
By producing their own gold, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) are realizing higher profits.During the quarter ended June 30, the two companies jointly cranked …
Curragh successor launches suit against Alpha investors
A group of investors that won a 24% stake in the Kassandra property in northern Greece in a 1998 suit for breach of fiduciary duty now finds itself caught between the defendant, TVX Gold (TVX-T), and …
COMMENTARY – Fiat money must be abolished
Almost all bank profits are unearned and result from fiat money. What services do commercial banks in the U.S. provide that add value to people’s lives? For the most part, they provide cheque clearing…
LETTER TO THE EDITOR — Geostats provide one piece of estimation puzzle
This discussion is written as a continuation of the ongoing debate of resource estimation and, in particular, geostatistics.I take issue with the endless commentary, arguments and opinion about the va…
Gold Funds (August 30, 1999)
Gold Funds as of August 19, 1999BGRCentralNet Value$13.515.51Price$8.90$5…
Manhattan hits more sulphides
Manhattan Minerals (MAN-T) has released more encouraging drill results from the TG-3 copper-zinc-gold-silver target, part of its Tambo Grande project in northern Peru.The company is earning a 75% inte…
Corner Bay finds sweet spot
Infill drilling at the Alamo Dorado property in Sonora state, Mexico, is proving up what could become an open-pit, heap-leach silver mine.Corner Bay Minerals (BAY-T) collared nine reverse-circulation …