Denison earnings tumble
Uranium and oil producer Denison Mines (DEN-T) saw its second-quarter earnings dramatically reduced as a result of lower oil output and prices.For the three months ended June 30, Denison earned $2.4 m…
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Meetings (August 10, 1998)
Aug. 10, EdenAug. 10, LayfieldAug. 10, Newcoast SilverAug. 10, Upton CopperAug. 11, Canadian ShieldAug. 11, TuscanyAug. 11, ZorinAug. 12, EastonAug. 13, AMI Res.Aug. 13, GoldzoneAug. 13, KenrightAug. …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS –Mining index pummelled as western markets slide
The Vancouver Stock Exchange composite index continued its slide into bear territory, losing 10.61 points, or 2.2%, to close at 478.36 over the holiday-shortened report period ended Aug. 4. The mining…
Regal buys into Kiglapait
Junior Regal Goldfields (REGL-C) has formed a joint venture with privately owned Tagalder, enabling the former to earn up to a 75% interest in the Kiglapait nickel-copper-cobalt property in northern L…
DIAMOND PAGE — Intertech, Kennecott form JV in NWT
Kennecott Canada Exploration has entered an agreement with Intertech Minerals (IML-V) to earn a 60% interest in the Afridi Lake diamond property, 320 km northeast of Yellowknife, N.W.T.Previous work o…
Lease could be withheld: Rowat — Deputy minister says Tobin may deny lease for Voisey’s Bay
The chief negotiator for the Newfoundland government says Inco (N-T) may face the denial of a mining lease for the Voisey’s Bay project in Labrador if it does not agree to build a smelter and refinery…
Antares starts prefeasibility study at Ojolali
Junior Antares Mining & Exploration (ANZ-T) has begun a prefeasibility study of the Jambi zone at its Ojolali gold property in southern Sumatra, Indonesia.Fifty-eight infill holes will be drilled on 2…
DIAMOND PAGE — Montello, Redwood option ground to Kennecott
After reviewing several airborne geophysical targets, Kennecott Canada Exploration has entered into an option agreement with Montello Resources (MEO-A) and partner Redwood Resources (RDW-A) to earn a …
Freewest gains polymetallic prospect near Wawa
Montreal-based Freewest Resources Canada (FWR-T) is acquiring a polymetallic property 65 km northwest of Wawa, Ont., in the eastern portion of the Michipicoten greenstone belt.To earn a 100% interest …
Vengold boosts stake in Lihir gold mine
Vengold (VEN-T) has purchased a further 6.5% stake in the Lihir gold mine in Papua New Guinea. The $133.5-million acquisition raises its interest to 19%, making it the largest of Lihir’s stakeholders….
Agnico-Eagle adds tonnage to LaRonde
While Agnico-Eagle Mines (AGE-T) struggles to return to profitability, there has been nothing but good news from the exploration and development programs under way at the company’s flagship LaRonde go…
Breakwater slips into red despite production boost
Low metal prices in the second quarter overshadowed Breakwater Resources’ (BWR-T) impressive gains in zinc, lead and silver production, pushing the company into the red.For the three months ended June…