We appreciate your compliments in a recent editorial (“Congratulations, CIM,” T.N.M., May 4-10/98). In our centennial year, the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is indeed p…
Gold production in Russia’s Magadan region will drop by 9 tonnes this year as a result of a new precious metals law that restricts contracts between Russian miners and mills, says the regional governm…
Thirteen British Columbia mines were recognized at the province’s 36th annual Safety Awards, part of the recent Mining Week festivities.Fording Coal’s Greenhills operation was a double winner, receivi…
Toronto-based junior gold producer Akrokeri-Ashanti Gold Mines (AAGM-C) is significantly expanding its presence in Ghana with the acquisition of the private Ghanaian company Goldenrae Mining.For 85% o…
BBy Michael AttenboroughIn a deal that could affect the development of the Wolverine massive sulphide deposit in the Yukon, Boliden (BOL-T) subsidiary Boliden Westmin has signed an agreement to deal i…
A compilation report on results from the Hungry Hill base metal prospect in Newfoundland’s Central mineral belt concludes that the prospect may represent the fringe of a volcanogenic massive sulphide …
Larry Strauss of Canaccord Capital expects that Placer Dome (PDG-T) will have a strong 1998. Accordingly, the mining analyst is continuing to rate the company a buy.Strauss notes that the major plans …
I am a shareholder of Casmyn, a company traded on the Nasdaq Bulletin Board. The shares of the stock went from around US$4 to a few cents in a couple of months. The company issued a statement in Febru…
ExchgVal($000s)HighLowCloseChangeBarrick GoldT116…
Wednesday, May 27, 1998Price (US)Week’s ChangeGold*$292.60- $5.50Silver*$ 5.09…
Junior NovaGold Resources (NRI-T) has drilled another five new holes at its Murray Brook polymetallic property in northern New Brunswick.Each hole was collared to test the down-plunge extension of a l…
Texas-based America Mineral Fields (AMZ-T) has completed its previously announced purchase of Idas Resources, a private company with a 50% interest in two large diamond concessions in Angola.The revis…
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