GMD Resources (GMD-V) is under investigation for having made $3 million worth of unsecured, non-arm’s-length loans to two companies without the approval of the Vancouver Stock Exchange.The first loan …
Despite a significant drop in the price of gold, Newmont Mining (NEM-N) and Newmont Gold (NGC-N) made money in the fourth quarter, and for 1997 as a whole.Newmont Mining earned US$38.6 million (or 25c…
Freeport McMoRan Copper & Gold (FCX-N) reported stronger fourth quarter and year-end results on the strength of higher throughput at the Grasberg copper-gold mine in Irian Jaya, Indonesia.Through its …
A fourth-quarter loss and greatly reduced profits have caused Inco (N-T) to step up the pace of its restructuring program.The giant nickel miner reported a loss of US$4 million for the last three mont…
Rothschild Australia has agreed to let a subsidiary of Toronto-based Eden Roc Mineral (EDN-T) refinance an existing US$5-million revolving project loan.Eden Roc was forced to seek the refinancing as a…
The North American mining industry has a longstanding tradition of doing deals on a handshake. This, no doubt, was born of necessity, as lawyers were few and far between in the days of the early gold …
Toronto-based Asquith Resources (ASGH-C) has unearthed the first primary gold occurrence on the Ndassima property in the Central African Republic (CAR).The showing, referred to as Bacanga-1, is 6 km w…
Solitario Resources (SLR-T) reports that Cominco (CLT-T) has made its second-year property payment on the Bongara zinc project in northern Peru.Solitario received US$300,000 from Cominco’s Peruvian su…
BASE METALS (London Metal Exchange-Midday bid/ask prices in US$ per tonne)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan.
Through a Peruvian subsidiary, Oroperu Resources (ORO_-C) is producing zinc, lead, silver and gold at its Neuva Condor mine property near Lima, Peru.The Vancouver-based junior processed some 9,600 ton…
A hole drilled by NFX Gold (NFXG-C) has returned 0.16 oz. gold per ton over 30 ft., about 2,000 ft. below surface, at the Cheminis property in northern Ontario.The intersection includes a 20-ft. inter…
A $1-million exploration program by St Andrew Goldfields (SAS-T) will test extensions of known gold zones at the Fenn-Gib project near Matheson in northern Ontario.The Toronto-based junior recently co…
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