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1998
Index (December 14, 1998)
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Noranda options prospect
Noranda (NOR-T) has signed a letter-of-agreement to option a second property from Golden Temple Mining (GTM-V) in the Mexican state of Guanajuato, near Leon.The Mexican subsidiary of Noranda can earn …
Imperial struggling in poor market
Suffering from poor commodity prices, Imperial Metals (IPM-T) posted a loss of $1.7 million (or 2 cents per share) for the third quarter, compared with a loss of $1.3 million (2 cents per share) a yea…
Guyana hits gold in first hole
The first hole in a 4-hole program at the Peters mine property in Guyana intersected 52 ft. of gold mineralization grading 0.2 oz. per ton at a depth of 331 ft., reports property owner Guyana Goldfiel…
Yamana determined to bring home the Bacon — Drilling encounters high-grade silver at Argentine project
A second round of drilling has confirmed the presence of high-grade silver-gold mineralization at the Bacon prospect in the Patagonia region of southern Argentina’s Santa Cruz province.In an attempt t…
Companies (December 14, 1998)
Agnico-Eagle MinesAkrokeri-Ashanti Gold MinesAlmaden ResourcesAltius MineralsAmbrex MiningAmerican GemAnglogoldArgentina GoldAsia Pacific ResourcesAuspex MineralsAvalon VenturesBarrick Gold…
Meridian loses $8.2m
Analyst darling Meridian Gold (MNG-T) lost US$8.2 million (or 11 cents per share) in the third quarter as production and gold prices dropped and costs edged up.The company cranked out 52,620 oz. at a …
Akrokeri scoffs at takeover bid
The directors of Akrokeri-Ashanti Gold Mines (AAGM-C) are urging their shareholders to resist a takeover bid by a landscaping company.Akrokeri says the offer of one share of GDL Evergreen for seven Ak…
Plata prepares for production
Junior Plata Mining (PMT-A) and Chilean-based Explodesa could begin production at their Hualilan gold project in Argentina as early as spring 1999 if an ongoing feasibility study continues to produce …
Pangea confirms high grade
The latest results from the Tulawaka project in Tanzania indicate that the high-grade gold mineralization discovered earlier this year is continuous, reports 70%-owner Pangea Goldfields (PGD-T).Pangea…
General Minerals hits high-grade copper
Drilling at the Escalones porphyry prospect in central Chile has encountered high-grade copper values for General Minerals (GNM-T).Results from the first drillhole suggest the deposit has the potentia…