The Toronto Stock Exchange 300 composite index ended the report period of Mar. 11-17 at 7,440.37 points, up 144.37, or 2%. The index hit yet another record high of 7,468.76 points during the week.The …
The drilling of potential kimberlite targets is under way on the 65,000-ha Seal Lake prospect in the Buffalo Hills area of Alberta.Lucero Resource (LCR-V) holds an option to earn a half-interest in th…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Mar.17/98 (change from Mar. 10 in brackets):MetalStock(tonnes)Change…
A recalculation of proven and probable reserves in light of lower gold prices dramatically reduced the ounces of the yellow metal attributed to Pegasus Gold (PGU-M).Excluding the contribution from the…
In light of lower metal prices, Freeport McMoRan Copper & Gold (FCX-N) intends to implement new operating plans at its Grasberg copper-gold mine in Irian Jaya, Indonesia.The company plans to focus its…
Abcourt MinesAber ResourcesAgnico-Eagle MinesAlberta EnergyAmerican GemAnglo AmericanAnzex ResourcesAsarcoAshton Mining of Can.Asquith ResourcesAzco MiningBattle Mountain GoldBirim GoldfieldsCallinan …
The Vancouver Stock Exchange composite index lost 8.21 points, or 1.3%, to close at 616.56 over the report period ended Mar. 17. The mining index lost 14.12 points, or 2.8% to close at 491.75.The comb…
Mar. 16, Anglo-AndeanMar. 16, Channel ResourcesMar. 16, Int’l VestorMar. 16, ToscanaMar. 17, Eldon ResourcesMar. 17, ESM ResourcesMar. 17, GreenshieldMar. 17, Manson CreekMar. 19, GWR ResourcesMar. 19…
Low gold prices may have hurt its earnings, but Richmont Mines (RIC-T) still enjoyed its sixth consecutive year of profitability in 1997.Revenue during the 12-month period nearly doubled, to $38.7 mil…
The cloud hanging over political, social and economic life in Sierra Leone appears to be clearing, paving the way for mining companies to rebuild and restart their operations.In mid-February, a Nigeri…
For 1997, Agnico-Eagle Mines (AGE-T) reported a loss of $121.6 million (or $2.83 per share), attributing the red ink to low gold prices. By comparison, the previous year saw the company earn $300,000 …
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), unveiled a $875-million plan to build Canada’s second diamond mine.The mine site is situated 300 km northwest of Yello…
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