A letter-of-intent agreement between Major General Resources (MGI-V) and McWatters Mining (MCW-M) is paving the way for development of the Hammerdown and Rumbullion gold deposits in Newfoundland’s Bai…
Despite tough times for base metal producers, Rio Algom (ROM-T) enjoyed a profitable second quarter as it continued to expand both its copper production and its metals distribution business.Earnings t…
Although assays are pending, International Freegold Mineral Development (ILF-V) reports that potentially economic mineralization has been uncovered at its Golden Summit project, 20 miles north of Fair…
A conference examining the opportunities and pitfalls of international mining operations will be held Oct. 26-27 in London, England.The event, titled “Global Emerging Markets,” will include such topic…
The launch of the European Central Bank in July and the approach of European monetary union raise a number of interesting possibilities for gold in the official sector. At the same time, the lack of t…
An emergency services team from Placer Dome’s 50%-owned Porgera gold mine will remain in the Aitape region on the northern coast of Papua New Guinea to aid victims of tidal waves that destroyed four v…
Drilling by Sunshine Mining & Refining (SSC-N) has expanded, by nearly 50%, the size of the Pirquitas silver-tin deposit in northern Argentina.The company completed 37,000 ft. of a planned 66,000 ft.,…
An affiliate of Montreal-based engineering firm SNC-Lavalin is taking the government of Pakistan to court for cancelling a contract to develop a power station in the country.SNC-Lavalin committed to t…
Reports released by the Ontario Securities Commission show that seven directors of First Dynasty Mines (FDM-T) were granted options in June.Marcus Randolph acquired 395,000 options at 20 cents to hold…
Back in the mid-1960s, I purchased shares of Golsil Mines, which later became Zahavy Mines. On the basis of one share for every five of Golsil, I ended up with 120 shares of Zahavy.The last informatio…
Gold Funds as of July 23, 1998BGRCentralNet Value$13.95$6.24Price$10.50$5…
ExchgVal($000s)HighLowCloseChangeBarrick GoldT107…
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