Obuasi strike could dent Ashanti
With annual production capacity of 850,000 oz., Obuasi is Ashanti Goldfields’ (AHD-T) largest gold mine, yet an extended strike at the Ghanaian operation could squeeze second-quarter earnings.”Obuasi …
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PRECIOUS METALS — Don Mario gets thumbs-up
The Don Mario gold project in eastern Bolivia will be one of the lowest-cost producers in South America, according to the final feasibility study.Orvana Minerals (ORV-T) reports that the study, conduc…
EDITORIAL & OPINION — GEOLOGY 101 — Porphyry deposits, Pt. 1
Porphyry deposits are the quintessential low-grade, large-tonnage mineral deposit. These formations are called porphyries because they are commonly, but not solely, associated with intrusive igneous r…
China accelerates reforms
Within three years, China intends to dismantle or greatly downsize state-owned mining agencies that are not capable of making the transition to a market economy, government officials told a Canadian m…
NEWS ROUNDUP — Barrick backs Keltic’s efforts in Alaska
Gold giant Barrick Gold (ABX-T) has set its sights on the Goodpaster mining district in Alaska, an exploration hotspot that hosts the Pogo gold deposit, which is being advanced by Teck (TEK-T) and its…
PRECIOUS METALS — Prism farms into previously explored Aurora project
An agreement between Prism Resources (PRN-V) and Boliden (BOL-T) will enable the former to earn a 100% interest in four gold prospects in northern Ontario.At the centre of the deal is the 6,770-ha Aur…
Navigator Exploration tests targets
Having recently completed ground geophysics on 33 targets in the Northwest Territories, Navigator Exploration (NVR-A) is set to drill-test up to six of these. They are situated at the southern end of …
Geomaque turns profit
Record output and lower cash costs kept Geomaque Explorations (GEO-T) profitable in the first quarter.The junior miner earned US$89,000 on revenue of US$6.17 million, compared with US$107,000 on US$4….
EDITORIAL & OPINION — NEW HORIZONS — Silver ions combat legionnaire’s
Some 100 hospitals in the U.S. and Canada have installed silver-copper ionization systems to eradicate Legionella pneumophila (also known as legionnaire’s disease) from their hot water pipes.Hospital-…
PEOPLE — Tres-Or
Gareth Mason appointed director.
PEOPLE — Southern Peru Copper
Charles Smith appointed president and CEO.
PEOPLE — Expatriate (May 31, 1999)
Carol Ellis appointed vp of investor relations.