Energold to reacquire 100% of Longyear
Under a proposed agreement with Eldorado Gold (ELD-T), due to close in late November, Energold Mining (EGD-V) will reacquire the Longyear gold concession in the Dominican Republic.Energold currently h…
News
Cerro Crucitas changes hands
Montreal-based Lyon Lake Mines (LLL-M) is acquiring Placer Dome’s (PDG-T) Cerro Crucitas gold project in northeastern Costa Rica and merging with Vancouver-based Palmer Resources (PMD-V).Lyo…
Correspondent needs sorting out
Your garrulous Ocker correspondent displayed the usual Australian sensitivity on matters New Zealand in the recent story “Australasian PGM sector needs dash of Fipke magic” (T.N.M., Sept. 14-20/98).Fi…
TSE SHORTS (November 16, 1998)
Short positions outstanding at October 30, 1998Larger individual positions include:Abitibi-Consolidated 1,122,794, up 66,150; Anderson Exploration 180,911; Argentina Gold 153,400; Asia Pacific Resourc…
Barrick earnings recover as production costs fall
Cash flow and earnings were both higher for Barrick Gold (ABX-T) in the first nine months of 1998, as the company benefited from a rationalization program begun in 1997.Barrick made US$218 million (58…
Kwale project one step closer to fruition
A metallurgical flow sheet designed for the Kwale heavy mineral sands project on the coast of Kenya indicates high mineral recovery rates.The pilot-plant study, conducted by Australian-based MD Minera…
DIAMOND PAGE — Nora tightens grip on Namibian concession
Montreal-based Nora Exploration (NXI-M) is expanding its interest in the Namibian Gemstones diamond concession off the west coast of southern Africa.Nora can boost its interest to 40% from the current…
MINING MARKETS & INVESTMENT NEWS — Investment Commentary — Analysts see opportunity in slow startup
Mine startups are rarely bug-free, and it appears the newly launched Lihir gold mining complex in Papua New Guinea was no exception. Gold production has been lower than planned since commercial produc…
Jusuf Merukh named in dispute with AG Armeno
Jusuf Merukh, a former partner of Bre-X Minerals at the Busang project in Indonesia, is once again making waves in Canadian mining circles.The Indonesian mining promoter had previously attempted to su…
Payback from Sadiola begins to flow
Third-quarter earnings for Iamgold (IMG-T) show that the Sadiola Hill mine in western Mali has remained one of the best cost performers in the gold-mining world.In the same period, the project’s last …
Careers (November 16, 1998)
Placer Dome North America…
Index (November 16, 1998)
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