Echo Bay takes another loss on chin
Echo Bay Mines (ECO-T) reported a substantial loss for the second quarter of 1997.The Denver-based company lost US$20.7 million during the 3-Month period ended June 30, compared with a loss of US$14.6…
Homestake Mining Company
GeoNova ups Discovery resource
GeoNova Explorations (GNE-M) has boosted by 33% the estimated resource of the Discovery zone at its contiguous Desjardins and Borduas-Martel gold properties, 45 km north of Lebel-sur-Quvillon in north…
Homestake eyes Polish potential
Homestake Mining (HM-N) can earn a minimum 75% interest in several gold properties in western Poland controlled by FX Energy, an oil and gas firm based in Salt Lake City, Utah.Homestake will spend US$…
Royalty sisters expand Snyder — Former Midas project ahead of budget
Once operational, by May of 1999, the Ken Snyder gold mine in Nevada is expected to yield 250,000 oz. annually at a cash operating cost of US$78 per gold-equivalent ounce.Equal owners Franco-Nevada Mi…
NEVADA — Newmont, Barrick rise to the top
Several North American companies with operations in Nevada are moving ahead of their South African competitors within the top tier of the world’s gold producers.While Anglo American of South Africa is…
NEVADA — South Pipeline interest adds to Royal revenue
Net income of US$1.1 million (or 7 cents per share) was reported by Royal Gold (RGLD-Q) for the second quarter of its 1997 fiscal year, compared with a loss of US$268,647 in the same period last year….
NEVADA — Homestake Mining adds — Ruby Hill to crown jewels — Construction under way for initial production in late ’97
Two years of exploration near Eureka Cty. in central Nevada are beginning to pay off for Homestake Mining (HM-N) as its Ruby Hill gold deposit nears production.The US$65.4-Million Ruby Hill project is…
NEVADA — Barrick explores Bullfrog gold mine
A $600,000 exploration program by Barrick Gold (ABX-T) will focus on discovering and developing gold deposits near the company’s Bullfrog gold mine, 3 miles southwest of Beatty and 125 miles northwest…
Kenrich explores near Stewart, B.C.
Kenrich Mining (KRC-V) is carrying out a $1.6-Million exploration program on the Corey polymetallic property in northern British Columbia.Plans call for an airborne geophysical survey to be flown over…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Franco plans drilling from Williams
Toronto-based Franco-Nevada Mining (FN-T) will explore a property in the Hemlo camp of north-central Ontario.The 2.5-sq.-km property was explored by Noranda and Teck (TEK-T) in the 1980s under an opti…
Franc-Or funds Guiana work
With a third and final private placement completed for $500,000, Franc-Or (FOR-T) has raised a total of $2.7 million to fund its gold-diamond projects in French Guiana.Chief among these is the 121.5-s…
Royal Oak buys Nfld. gold property
By acquiring a gold property near its Hope Brook operations in Newfoundland, Royal Oak Mines (RYO-T) has secured a supply of mill feed that will take it into the next century.Royal Oak purchased the C…