Filon Sur S.A., the 25%-owned Spanish gold mining subsidiary of Caledonia Mining (TSE), achieved a record net profit in the third quarter. Improved throughput and reduced operating costs enabled the h…
Having failed to attract sufficient support, Caratax Diamond Exploration Limited Partnership 1993 has been withdrawn. “Investors perceived the fund as being too risky,” said Jean-Pierre Colin, preside…
Consolidated Ramrod Gold (TSE) will acquire a 78% interest in the Railroad property in Nevada’s Carlin Trend. It can acquire the interest from Westmont Gold by paying US$4 million over 42 months. The …
— Week — Dec 14 Dec 13 Dec 10 Dec 9 Dec 8 High Low Composite”300″ 4244.43 4293.38 4280.30 4290.63 4307.67 4307.70 4243.53 Metals&Minerals 3473.35 3551.97 3497.71 3483.08 3515.57 3557.08 3468.53 Inte…
Cambior — 5.5 million units @ $20.65. MSV Resources — 4.1 million Cl A shs issuable upon the exercise of special wts @ $2.20 per special wt. Summit Resources — 2,000,000 shs to be issued upon exerc…
Gold Funds as of Dec. 14 BGR Central Net Value $15.63 $6.40 Price $14.50 $6.750 Premium 5.5% Discount 7.24% Value $87,561,000 $122,170,275…
About 18.2 million tonnes grading 1.48 grams gold per tonne have been outlined at the Quebec joint venture of Northway Explorations (TSE) and T & H Resources (TSE). The preliminary estimate was record…
Drilling has identified previously unreported faults on inactive railway land in Timmins, Ont. One of the faults has past production on the adjoining Hollinger ground. The 4-hole program, conducted by…
A bulk sample from the Donalda gold property near Rouyn-Noranda, Que., has yielded 4,300 oz. and gross revenue of $2.1 million. Orco Resources (ME) says 19,147 tonnes were milled in a flotation circui…
Shareholders of Goldex Mines (TSE) have approved an amalgamation with a wholly owned subsidiary of Agnico-Eagle Mines (TSE). Agnico, which already owns 53.7% of Goldex, will acquire the remaining 46.3…
Goldhunter Explorations (ASE) is reconsidering its participation in a joint venture in the Shining Tree camp after an intersection, which had been rumored to be rich, was attributed to “contamination….
A bulk heap-leach test of sulphide ores from the Gilt Edge deposit in South Dakota indicates a recovery rate higher than previously thought. The property is owned by Dakota Mining (TSE). In October, 1…
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