Royal Oak finds savior
Royal Oak Mines (RYO-T) has obtained US$120 million to help finance the completion of the Kemess gold-copper mine in north-central British Columbia.Toronto-based Trilon Financial came to the rescue, a…
News
Semafo drills West African nickel and gold concessions
Semafo (SMF-T) has released encouraging results from recent drilling at its Kaloum, Jean-Gobele and Lopal concessions in Guinea and Burkina Faso in western Africa.At the Kaloum/Mount Kakoulima concess…
Meetings (April 06, 1998)
April 6, DoublestarApril 6, First GoldApril 6, RankinApril 6, South American Gold & CopperApril 7, DobranaApril 7, HaddingtonApril 7, IrianaApril 7, Pan AfricanApril 8, CartaApril 8, WestallApril 9, B…
Dayton posts year-end loss
Increased gold production for Vancouver-based Dayton Mining (DAY-T) was no match for higher costs and lower gold prices in 1997.Dayton’s wholly owned Andacollo open-pit gold mine in Chile produced 91,…
Sulliden doubles resource
Sulliden Exploration (SUE-M) has upped its resource estimate for the Los Socavones epithermal gold zone on its 100%-owned Las Huaquillas property in northwestern Peru.The new estimate pegs Los Socavon…
LATIN AMERICA — Stratabound pins hopes on Sierra Azul — Geophysical work proving invaluable
Hoping to add new life to an old producer, Calgary-based junior Stratabound Minerals (SB-A) continues to explore its Sierra Azul lead-zinc-silver property in Mexico’s Coahuila state.Situated 50 km sou…
LATIN AMERICA — Legal reforms put Brazil on mining fast track
Although Brazil is touted as the most geologically diverse and prospective mineral region in Latin America, it has only recently begun to attract the foreign investment necessary to elevate it what go…
LATIN AMERICA — Lyon Lake begins commercial gold production at Beta Vargas
Following its first gold pour in early December, Lyon Lake Mines (LLL-M) has entered full commercial production at its Beta Vargas open-pit gold mine in Costa Rica.The successful launch of the heap-le…
Property writedowns keep TVX in red ink
Lower cash costs at several of its operations were not sufficient to prevent TVX Gold (TVX-T) from reporting a loss of US$50 million (or 36cents per share) for 1997.The medium-tier producer reduced to…
LATIN AMERICA — Sand River revs up in Chihuahua
Expectations are running high at the Piedras Verdes project in Mexico’s Chihuahua state, where Sand River Resources (SRIV-C) is embarking on a 1,500- to 2,000-metre program of diamond drilling.The Van…
LATIN AMERICA — Cyprus options Mexican porphyry target
Cyprus Amax Minerals (CYM-N) has optioned the Opata copper project in Mexico’s Sonora state from Vancouver-based junior Jaba (JBA-A).Cyprus can earn a 50% interest in the 44-sq.-km project by spending…
Cons. Nevada shuts Aurora
Two key management personnel have quit Consolidated Nevada Goldfields (KNV-T), in the wake of its decision to close the Aurora gold mine in Nevada.Senior Vice-President of Operations Jack Haptonstall …