Eldorado expands Brazilian gold producer
The cost of expanding the Sao Bento gold mine in Brazil led to a loss of US$1.6 million for Eldorado Gold (ELD-T) in fiscal 1996, compared with a loss of US$2.2 million in the previous year.The mine, …
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STOCK MARKETS — VSE, Alberta slide as western markets continue slump — Diamond explorers add lustre to otherwise sluggish week
Both western markets slipped over the report period ended May 27, with the Vancouver Stock Exchange losing 17.63 points to close at 1,000.59 and the Alberta Stock Exchange down 33.34 points to finish …
THE DIAMOND PAGE –Junior seeks gems in southwestern Africa
Botswana Diamondfields (BWD-V) reports it is close to securing a half interest in, and operatorship of, two diamond concessions in Angola.Before the protracted civil war, which began in 1975, substant…
EDITORIAL AND OPINION — Canadian voters an unpredictable lot — Electing an Opposition
The steady hand of Paul Martin on the helm of the Canadian economy is probably the greatest strength of the Liberal party as it seeks another term in Ottawa and the re-election of Prime Minister Jean …
ODDS ‘N’ SODS — Return of the ’60 Pontiac
In 1958, my dad was working at the Quirke uranium mine of Rio Algom in Elliot Lake, Ont., as a raise miner and, later, a shift boss.For a number of years, he made the journey every second week from Ki…
NEVADA — Rayrock explores mine properties
Nevada gold operations have long been a production cornerstone for Rayrock Yellowknife Resources (RAY-T). But with some of those mines running out of ore, the company is planning to step up the pace o…
NEAVADA — Ken Snyder deposit expected to boost revenue for royalty sisters — Franco-Nevada, Euro-Nevada to spend US$28.5m on development
In an effort to sustain record profits, royalty sisters Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have departed from their traditional “silent partner” role of acquiring and benefiting…
NEVADA — Production milestone of 1 million oz. forecast for Bald Mountain gold mine
Open-pit operation looks forward to eight more productive yearsThe Bald Mountain heap-leach gold mine of Placer Dome (PDG-T) has turned out 850,000 oz. since it entered production in 1983 and, with ei…
NEVADA — Camnor eyes Alum property
A recent letter agreement sets the stage for Camnor Resources (CMB-V) to acquire a 100% interest in the Alum property in Nevada’s Emerald Cty.The Vancouver-based junior also plans to acquire a 100% in…
NEVADA — Mirandor options ground
Montreal-based Mirandor Exploration (MIQ-M) has optioned a gold property situated next door to its Railroad project, southwest of Elko.Dubbed the Dixie project, it consists of 92 unpatented mining cla…
NEVADA — Nevada Manhattan ships ore to new CIP mill
Nevada Manhattan Mining (NVMH-O) has shipped its first batch of ore to a new carbon-in-pulp mill in central Nevada. The mill is owned by New Concept Mining, a subsidiary of American Technologies Group…
NEVADA — Mineral Ridge poised to enter production
Cornucopia Resources (CNP-T) will soon pour the first gold from its wholly owned Mineral Ridge mine, near the town of Silver Peak in Esmeralda Cty.The 2,685-Acre property comprises 173 claims and incl…