OBITUARY — Reini Ehrlich
Reini Ehrlich, vice-president and chief metallurgical engineer at Watts Griffis and McOuat, died Aug. 1 in Toronto, after a brief illness. He was 75.Ehrlich had a long and distinguished career in the …
News
Nevada teachers learn about mining
More than 100 Nevada teachers gathered in the eastern city of Ely for the 15th annual minerals education workshop. The event was sponsored by the state’s operating mines, supplier companies, and the N…
Newmont to study Angren gold project
Newmont Uzbekistan, a subsidiary of Newmont Mining, plans to carry out a feasibility study on the Angren gold project in Uzbekistan’s Tashkent region, according to Interfax News Agency.The project wil…
Aur’s earnings deflate
Caught in the web of depressed metal prices, Aur Resources (AUR-T) saw its second-quarter earnings squeezed by an astonishing 93%.The Toronto-based company earned $488,000 on revenue of $25 million fo…
MINING MARKETS & INVESTMENT NEWS — NovaGold funds program
NovaGold (NRI-T) has concluded a private placement with an investor for 200,000 shares priced at $1.40 per each, plus 200,000 share purchase warrants.The Nova Scotia-based junior plans to use the proc…
MINING MARKETS & INVESTMENT NEWS — AngloGold lists on NYSE
The world’s largest gold company has made mining history by becoming the first South African company to list on the New York Stock Exchange.The listing of AngloGold (AU-N) is in the form of American D…
MINING MARKETS & INVESTMENT NEWS — Western Copper arranges financing
Junior Western Copper Holdings (WTC-T) intends to raise $440,000 through a private placement of 100,000 special warrants priced at $4.40 each.A special warrant will be exchangeable into one share and …
MINING MARKETS & INVESTMENT NEWS – INVESTMENT COMMENTARY — Geomaque gets nod for staying the course
“Back to basics” might best describe the approach taken by some mining analysts as they scour the reeds looking for producers with a track record of profitability and the potential to expand operation…
SPOT PRICES (August 10, 1998)
Wednesday Aug 5, 1998Price (US)Week’s ChangeGold*$288.85-$2.15Silver*$ 5.47…
Canadian exploration spending tops $800m 5 Dave Barr, Atlin residents win mining awards
Despite the lure from abroad, Canada’s mineral potential continues to attract exploration dollars from both juniors and majors, according to the latest figures compiled by Natural Resources Canada (NR…
MINING MARKETS & INVESTMENT NEWS — INSIDER TRADING — Shares traded by execs at Twin Gold, American Gem
The Ontario Securities Commission’s OSC Bulletin reports that a director of Twin Gold (twg-t) bought several blocks of shares in that company in June.Hermann Derbuch bought 147,500 shares at 27-30 cen…
DIAMOND PAGE — Ashton continues work at Buffalo Hills
The final three of nine kimberlites discovered last winter on the Buffalo Hills project in north-central Alberta have proved to be barren.Only one micro (less than 0.5 mm) was recovered from the K-32 …