Congo expropriates Banro’s Sakima gold project
The government of the Democratic Republic of the Congo (DRC) has taken advantage of the armed conflict in the eastern regions of the country to expropriate Banro Resource’s (BNRS-C) Sakima gold projec…
News
Partners cut production costs at New Britannia
Partners High River Gold Mines (HRG-T) and TVX Gold (TVX-T) report a drop in cash costs at their equally owned New Britannia gold mine in northern Manitoba.The underground operation turned out 24,660 …
DIAMOND PAGE — Archangel dispute goes to arbitration panel
Another mining venture in the former Soviet Union has found its way to international arbitration proceedings.Archangel Diamond (AAD-V) filed a request with a Swedish arbitration institute in a dispute…
Glamis posts shakey profit
Glamis Gold (GLG-T) tightened its belt and boosted efficiency to squeak out a profit of US$203,000 (or 1 cents per share) during the first six months of 1998.Quarterly results were not as positive. Th…
MINING MARKETS & INVESTMENT NEWS – INSIDER TRADING — Farallon exec allows options to expire
Recent insider trading, as reported by the Ontario Securities Commission in its OSC Bulletin, includes the following transactions:* .TAmerica Mineral Fields (AMZ-T) — Mark Collins, director, was gran…
Companies (August 17, 1998)
Alberta EnergyAmerica Mineral FldsAnglo AmericanArchangel DiamondAriel ResArmada GoldAshton MiningAtna ResAurizon MinesAuspex MinBanff ResBanro ResourceBreakwater ResBYG Natural ResCaledonia MinCeltic…
Meetings (August 17, 1998)
Aug 31, AranleeAug. 31, Canadian MonoAug. 31, GoldmaxAug. 31, GronarcticAug. 31, Porcher IslandAug. 31, Red EngineAug. 31, RichmarkSept. 2, AquestSept. 2, CancorSept. 2, Cotton ValleySept. 2, NewstarS…
Fluorspar mining set to return to Newfoundland
As part of a $49-million plan to reactivate the St. Lawrence fluorspar mine on the Burin Peninsula of southeastern Newfoundland, the provincial government has pledged to build a $10-million deep-water…
Newmont adds mines to portfolio
Though far from being the largest mine in Newmont Gold’s (NGC-N) sizable portfolio, the La Herradura mine in northern Mexico has poured its first gold and is expected to produce an average of 150,000 …
Atna outlines Wolf
Drill results from the Wolf property in southeastern Yukon have returned significant widths of banded zinc, lead and silver massive sulphides.Atna Resources (ATN-T) is earning a 65% interest in the pr…
Novagold drills Shotgun
Two holes at the Shotgun property in southwestern Alaska have returned long mineralized intersections for Novagold Resources (NRI-T).The holes were drilled vertically into a large rhyolite porphyry bo…
SUPPLIERS NEWS ROUNDUP — Blast course set for Reno
A short course on blast design and assessment will be held Oct. 1-2 at the Hilton Hotel in Reno, Nev.Sponsored by consulting firm Golder Associates, the course will provide an overview of basic blasti…