Demand for PGMs in industry, jewelry on rise
Demand for platinum in 1996 rose by 40,000 oz. to 4.9 million oz., led by increased industrial use and the manufacture of jewelry in the U.S. and China, according to a report published by British-base…
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Earnings dip for Agnico-Eagle
Canadian gold producer Agnico-Eagle Mines (AGE-T) reported a net loss of $800,000 for the first quarter ended March 31, down from net income of $1.8 million a year earlier.The company attributed the l…
Tests confirm Nico’s potential
Further metallurgical studies have reinforced the favorable results of earlier tests performed on mineralization at the Nico polymetallic prospect, 170 km northwest of Yellowknife, N.W.T.Samples that …
San Martin results add glitter
The latest drill results from the Sinter hot spring gold zone at the San Martin concession in central Honduras indicate that the domal hill target is strongly mineralized on the eastern and southern s…
YGC’s Ketza to feed Mt. Nansen mill
In keeping with its plans to make the Mt. Nansen mine near Carmacks, Y.T., a central milling operation, BYG Natural Resources (BYG-T) has concluded a joint-venture agreement with YGC Resources (YGC-V)…
U.S. gov’t stalls Zortman project
The Board of Land Appeal for the U.S. Interior Department has granted a stay of the record of decision regarding the Zortman Extension project in Montana, thwarting attempts by Pegasus Gold (PGU-X) to…
Virginia Gold Mines finds new mineralization at Auclair property
Drilling of grassroots exploration targets at the Auclair property in the Eastmain greenstone belt of northern Quebec has turned up more gold for Virginia Gold Mines (VIA-M).The new zone, on the easte…
Eden Roc expects Afema to improve
Shareholders who attended the annual meeting of Eden Roc Mineral (EDN-T) did not hesitate to express some displeasure at the overall performance of the company’s gold mine in Ivory Coast, West Africa….
DIAMOND PAGE — De Beers’ CSO reports record sales
Sales of rough diamonds by the marketing arm of De Beers Consolidated Mines (DBRS-Q) netted the company a record US$2.8 billion for the first six months of 1997, an increase of 4.8% over the same peri…
Golden Knight, Cross Lake cut sulphides east of Timmins — Results lead to additional geophysical work, drilling
Two ambitious exploration programs in the greenstones east of Night Hawk Lake, about 50 km east of Timmins, Ont., appear to be paying off for Cross Lake Minerals (CRN-V), East West Resource (EWR-V) an…
Russian estimates fuel Armada Gold’s optimism — New estimate could boost production grades
A new estimate of the gold resource at its Baley gold project in far eastern Russia has enabled Armada Gold (AAU-T) to boost the projected production grade by about 20%.The new resource for the Taseev…
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