Monywa copper project reaches production stage
Indochina Goldfields (ING-T) has begun producing copper cathode at the Monywa heap-leach copper project in west-central Myanmar.Construction of the first-phase project is essentially complete, with co…
News
Echo Bay Mines posts quarterly loss
Echo Bay Mines (ECO-T) suffered a loss in the third quarter even as it tried to distance itself from last year’s massive writedowns which totalled US$300 million.The company recorded a loss of US$6 mi…
NAME CHANGE (November 16, 1998)
Unuk Gold (UNK-V) has changed its name to Auterra Ventures (AUW-V).
Canadian miners lend hand in hurricane clean-up
Mining companies operating in Honduras and Nicaragua escaped Hurricane Mitch with little damage and are now helping victims in those devastated countries cope with the aftermath.In Nicaragua, the stor…
Merks a betting man
The interim report of the TSE-OSC mining standards task force refers to the additive property of variances, but the president of the CIM geological society, Marcel Vallee, objects to applied statistic…
Low prices push Breakwater into red
Base metal companies are not having an easy time staying in the black in these days of low metal prices, and Breakwater Resources (BWR-T) is no exception.The company posted a net loss of $10.9 million…
SPOT PRICES (November 16, 1998)
Wednesday November 11, 1998Price (US)Week’s ChangeGold*$293.60+$3.50Silver*$ 4.99…
GOLD FUNDS (November 16, 1998)
Gold Funds as of November 5, 1998BGRCentralNet Value$14.495.87Price$10.75…
Juniors find hurdles in property deal
The vendor is trading at 2 cents; the potential purchaser at 6 cents. The tough times for junior companies are not helping two companies conclude an agreement for the sale of a 50% interest in the Len…
DIAMOND PAGE — Trivalence reports snags at Aredor mine property
Although hampered by heavy rains and a high sand content, Trivalence Mining (TMI-V) managed to recover 4,783 carats of diamonds from its Guinean concession in the third quarter.More than 129,000 tonne…
EDITORIAL & OPINION — COMMENTARY — Benefits rival adventure for overseas workers
For many North American miners, future prosperity will depend on the performance of operations in remote parts of Africa, Asia and Latin America. However, these companies sometimes find that employees…
Novicourt takes hit
Third-quarter earnings of Novicourt (NOV-T) show little change from a year ago, though its 9-month statement is down $3.1 million from the first nine months of 1997.Quarterly earnings amounted to $1.5…