Monopros pulls diamonds from Victoria Island
The Snowy Owl kimberlite at the Victoria Island project in the Northwest Territories has yielded 75 diamonds from an 80-kg sample.The preliminary diamond count was reported verbally to partners Major …
News
EDITORIAL & OPINION — Education misstep warrants letter campaign — Save geology
We might understand if it had happened in New Jersey, or Hawaii, where little or no mining takes place. But we don’t understand why one of the most resource-rich regions of the world is shunning the d…
Writedown costs Denison third-quarter profit
Denison Mines (DEN-T) posted a loss of $10.4 million (3 cents per share) for the third quarter, following a writedown of $11.5 million on unsuccessful offshore oil drilling in the Mediterranean Sea.Th…
GREATEST VALUE TRADED (November 09, 1998)
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Partners drill in Argentina
Vancouver-based partners Primo Resources (PRI-V) and Golden Peaks Resources (GL-V) have begun diamond drilling at their Los Dos Buhos and Sierra de Las Minas gold properties in southwestern Argentina….
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Taurus terminates agreement
Vancouver-based International Taurus Resources (ITS-V) has cancelled its agreement with American Copper (ACC-V) to explore and develop the Lyon gold property in Yerington, Nev.Taurus intends to contin…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Mitch halts production at Limon
The Limon gold mine in Nicaragua has been shut down following the widespread devastation caused by Hurricane Mitch.The suspension is expected to last two weeks as owner Black Hawk Mining (BHK-T) clean…
MINING MARKETS & INVESTMENT NEWS — NEWS ROUNDUP — Inmet awaits tungsten mine cash
Inmet Mining (IMN-T) will have to wait until the end of November to collect the $48 million it is owed for selling its Austrian tungsten subsidiary, Wolfram Bergbau-und Hutten (WBH).The private Europe…
GOLD FUNDS (November 09, 1998)
Gold Funds as of October 29, 1998BGRCentralNet Value$14.176.11Price$10.50…
MINING MARKETS & INVESTMENT NEWS — Anglogold tenders bid for Minorco’s gold assets
The world’s largest gold producer, Anglogold (AU-N), has submitted a tender offer for the gold assets of Minorco (MNRCY-Q).The acquisition would add nearly 10 million oz. to Anglogold’s reserve base p…
MOST ACTIVE ISSUES (November 09, 1998)
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LETTER TO THE EDITOR — Gem studies penned by OGS geologists
I found your diamond issue (T.N.M., Oct. 26/98) full of polished prose highlighting the many facets of this new Canadian commodity.However, the item about pioneers in diamond exploration attributes se…