Companies (March 16, 1998)
Aber ResourcesAgnico-Eagle MinesAlberta EnergyAmerica GoldAnglo AmericanAnglogoldAntares Mining & ExplorationAshton MiningAur ResourcesAuridiam ConsolidatedBarrick GoldBolivar GoldfieldsBreakwater Res…
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Gold Reserve produces prefeasibility study at Las Brisas
A detailed prefeasibility study has branded the Brisas gold-copper project in southeastern Venezuela uneconomic, Gold Reserve (GLR-T) reports.Independent consulting firm JE MinCorp, a Denver-based div…
Aber and Diavik table plans for Lac de Gras diamond mine
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), unveiled a $875-million plan to build Canada’s second diamond mine.The mine site is situated 300 km northwest of Yello…
Anglogold weathers storm of low gold prices
The five gold-producing companies serviced by Anglogold, in aggregate, saw gains in both profit and gold production in the quarter ended Dec. 31, 1997.Anglogold is a division of South African-based mi…
Rio Tinto begins work in Peru
Preliminary exploration work has begun at the Minas Santa Rosa copper-porphyry property of MacMillan Gold (MMG-T) in Peru.Exploration is being conducted by the exploration arm of London-based Rio Tint…
Gitennes advances on Virgen project
Underground exploration work on the southern end of the Rio Suro oxide gold zone at the Virgen property in north-central Peru is helping Gitennes Exploration (GIT-T) get a better handle on an area of …
NEWS IN BRIEF (March 16, 1998)
Tarron Industries (TRO-V) has changed its name to Orko Gold (OK-V).
OPINION — Low copper prices settle in
While mine closures have had the impact of reducing copper concentrate availability, the volume of production will be overwhelming in the second half of 1998 and throughout 1999. To have visible impac…
Francisco hits more gold
The latest drill results at Francisco Gold’s (FGX-V) wholly owned El Sauzal gold project in Mexico’s Chihuahua state are expected to expand reserves.Of the 29 drill holes recently completed, 85% inter…
Juniors cope with new Nasdaq listing requirements
The idea that bigger is better is putting the pinch on junior mining companies in the U.S., as the National Association of Securities Dealers (NASD) implements plans to toughen listing requirements on…