Aurizon finds more gold (December 07, 1998)
Aurizon Mines (ARZ-T) continues to hit long gold intersections in the West Mine zone of the Casa Berardi mine in northwestern Quebec.Surface holes have intersected a gold-bearing zone at a depth of 60…
News
Nelson Gold stays afloat despite rough third quarter
Despite failing to turn a third-quarter profit, Nelson Gold (NLG-T) is benefiting from an expansion program at its 44%-held mine in Tajikistan.The London, England-based company earned US$575,000 on re…
Monywa bolsters Indochina Goldfields — Copper producer could expand to 35,000 tonnes per year
Cash flow from the Monywa copper project in west-central Myanmar is enabling Indochina Goldfields (ING-T) to claw its way toward profitability.For the first nine months of 1998, IG reported a loss of …
Aur aims to buy stake in Zaldivar copper mine
Aur Resources (AUR-T) has reached a deal with Outokumpu Base Metals to acquire the Finnish major’s half-interest in the Zaldivar open-pit copper mine in Chile.For US$265 million in cash and the assump…
DIAMOND PAGE — Namibian Minerals adds to diamond output
Namibian Minerals (NMR-T) is expanding alluvial diamond production at its Luderitz Bay concession off the coast of Namibia.Production capacity in the NamSSol II marine mining system will be increased …
THE NORTHERN MINER – SMALL PRODUCERS INDEX
90.15 (-5.39)(Sept. 30/98 = 100)…
Cumberland finances work
Junior Cumberland Resources (CBD-T) has closed a non-brokered private placement of 1.5 million units priced at $1.70 each for net proceeds of $2.4 million.Resource Capital Fund subscribed to 1 million…
Etruscan on track at Samira
Shareholders of Etruscan Resources (EET-T) continue to receive heartening news from a feasibility study at the Samira gold project in Niger.Infill drilling continues to intersect long intervals of gol…
MOST ACTIVE ISSUES (December 07, 1998)
ExchgVol (000s)HighLowCloseChangePlacer DomeT8439…
Inter-Rock remains in the red
Inter-Rock Gold (IRO-T) continues to operate in the red, having lost $388,000 in the three months ended Sept. 30, compared with $369,000 in the similar period of 1997.Losses in the first nine months o…
SETTING NEW STANDARDS — The CIM definitions
The Canadian Institute of Mining, Metallurgy & Petroleum (CIM) is considering modifications to its classification system for defining the various categories of reserves and resources.The modifications…
Huge South African gold project could double Placer Dome reserves — US$235m deal part of plan to boost company to No. 1, says Willson
Placer Dome (PDG-T) has reached an agreement with Johannesburg-based Western Areas to acquire a 50% operating interest in a property in the Witwatersrand district of South Africa.The property contains…