Low gold prices are forcing Royal Oak Mines (RYO-T)to trim production costs and lay off workers.The strategy is designed to ensure the company has sufficient cash on hand to complete construction of t…
Junior Fremont Gold (FGLD-Q) has signed a letter-of-intent to acquire the 80,000-ha Dania gold property in the Maricunga district of northern Chile.The property, currently owned by Chilean-based Dania…
Kyrgyzstan has attracted US$1.7 million in foreign mineral exploration funds and is expected to produce 15 tonnes of gold in 1997.Much of the financing was provided by the joint-venture partners of st…
Bre-X Minerals, the junior mining company whose fabulous Busang gold deposit turned out to be a fraudulent sample factory, is at last where it belongs — in the hands of a bankruptcy trustee. Its liab…
With no foreseeable sign of a turnaround in the weakened gold market, Campbell Resources (CCH-T) is suspending operations at its Santa Gertrudis mine in Sonora state, Mexico, in order to focus on expl…
Pegasus Gold (PGU-X) has responded to the depressed gold price by announcing its intention to close down the Mt. Todd gold mine in Australia’s Northern Territory.The company also took a nearly US$400-…
Gerry McIlhargey, Irving Bakerman and Fleming Sondergaard elected directors.
A federal-provincial panel has given its conditional approval to both the Cigar Lake and Midwest uranium projects in the Athabasca basin of northern Saskatchewan.The Cigar Lake project is operated by …
In 1989, I was working as an exploration geologist in Canada but accepted an offer from an Italian mining company to spend a year in Zambia reviewing gold exploration licences. I had never been to a d…
Diavik Diamond Mines, a division of Rio Tinto (RTP-N), and its parter, Aber Resources (ABZ-T), have begun a final feasibility study on four diamond-bearing kimberlite pipes at the Diavik diamond proje…
Junior Marshall Minerals (MMC-T) will earn a majority interest in the Qian Dong Shan lead-zinc mine in the northern Chinese province of Shanxi.The company has signed a letter-of-intent with Xian Corp….
Edmund Szol appointed executive VP and chief operating officer.
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