Operating narrow-vein, underground gold mines in Canada requires technical skill and financial staying power, particularly in times of low gold prices.Though relatively new to the game, McWatters Mini…
In a recent letter (“Industry needs dose of credibility,” T.N.M., June 29-July 5, 1998), Daniel MacAlpine writes, “When Bob Bishop blamed the Crystallex loss on the crooked Venezuelan courts, he shirk…
Wednesday July 15, 1998Price (US)Week’s ChangeGold*$294.40+ $1.60Silver*$ 5.65…
The Dow Jones Industrial average plunged more than 100 points on July 21, the final day of our report period, after nearly touching the 9,400 mark.Overall, the Dow was off 55.35 points at 9,190.19.On …
I’m a shareholder of Galactic Resources, which in 1990 was Robert Friedland’s flagship company. At the time, it owned and operated the Summitville mine in Colorado and had total assets of $120.7 milli…
Equal partners Pangea Goldfields (PGD-T) and Sundust Resources (SUN-M) have intersected more high-grade gold at their Victoria joint venture in west-central Peru.So far, 78 diamond drill holes exceedi…
The Vancouver Stock Exchange composite index dropped 8.53 points to close at 511.51 over the report period ended July 21. Cowering in the claws of a bearish market, the mining index shed 10.85 points …
At its West Greenland diamond project, Platinova (PAS-T) has discovered a field of kimberlite boulders containing xenoliths of mantle material on the shore of a lake.The lake is 500 metres in diameter…
The Toronto Stock Exchange 300 index climbed a modest 0.3% during the report period July 15-21 to finish at 7,409.43. The gold and precious metals sub-index rose 71.14 points to 5,939.03, while the me…
Record production and earnings made for a profitable second quarter for Stillwater Mining (SWC-X), though its hedging policy kept the company from reaching the maximum value of its namesake platinum-p…
Southern Africa Minerals (SAF-T) has recovered microdiamonds from its wholly owned Mosomane property in Botswana.Three micros were recovered from a 43.5-kg sample taken from a trench dug about 7 metre…
Kazakhstan Minerals (KMC.U.-T) and a subsidiary of Broken Hill Proprietary (BHP-N) have concluded terms granting the latter an option to explore the Agadyr licence in central Kazakstan.The licence, wh…
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