Michael Westcott, mining analyst for Goepel McDermid Securities, believes the Bulyanhulu gold deposit in Tanzania’s Lake Victoria Goldfields region will transform Sutton Resources (STT-T) into a low-c…
Gold Funds as of Aug. 6, 1998BGRCentralNet Value$13.47$6.18Price$10.20$5.
The Vancouver Stock Exchange composite index took a nosedive during the report period ended Aug. 11, dropping 21.87 points, or 4.6%, to finish at 456.49. The mining index followed suit, plummeting 20….
Determined to define reserves to a minimum vertical depth of 150 metres, Gitennes Exploration (GIT-A) is pulling encouraging results from underground drilling at the Virgen property in northwestern Pe…
Based on an ongoing review of assets, Gold Fields is debating whether or not to hold on to its 40% equity interest in Eldorado Gold (ELD-T).At presstime, Eldorado’s shares were trading at about 45 cen…
Leader Mining International (LMN-A) has entered into talks with Armada Gold (AAU-T) for a possible merger of the two companies. However, an agreement is by no means imminent.Following an announcement …
Back in the early 1960s, I was working as a sample man at the Copper Rand mine in Quebec’s Chibougamau mining camp. The sample man’s job involved shift work, and on this particular day I was working d…
Though still in the black, Noranda (NOR-T) saw its second-quarter earnings dip by more than 50%.For the three months ended June 30, the major earned $28 million (10 cents per share) on revenue of $1.5…
Aluminium: LME settlements US$1,291.50, alloy US$1,144 per tonne (Aug. 11/98).Antimony: Representative mid-market US$1,310 per tonne (Aug. 11/98).Bismuth: Representative mid-market US$3.55 per lb. (Au…
At the Mt. Nansen property, north of Whitehorse, Y.T., B.Y.G. Natural Resources (BYG-T) has intersected gold porphyry mineralization near existing open-pit operations.The discovery hole bottomed in mi…
Junior Laramide Resources (LAM-T) will use proceeds of $375,000 from a private placement to explore the Bilbao project in Mexico’s Zacatecas state.The company says mapping and gravity surveying have e…
The directors of Manalta Coal Income Trust have recommended that shareholders reject a $550-million takeover bid by Luscar Coal Income Fund, approving a shareholders’ rights protection plan to delay t…
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