Magadan, firms set exploration budgets
The regional government of Magadan in northeastern Russia has budgeted $14 million for the exploration of new gold deposits in 1999.The government intends to spend $11.4 million in the search for hard…
1998
METAL PRICES (October 12, 1998)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateOct. 6Oct. 5Oct. 2Oct. 1…
Companies (October 12, 1998)
Aber ResourcesAdmiral Bay ResourcesAlberta EnergyAnglo AmericanAscot ResourcesAshton Mining of CanadaAtapa MineralsAtna ResourcesBattle Mountain GoldBlack Hawk MiningBolidenBolivar GoldfieldsBreak…
Platexco revises terms of Winnaarshoek deal
With the South African Reserve Bank blocking the proposed acquisition by Platexco (PTX-T) of the Winnaarshoek and Buffelshoek platinum properties, the company is reverting to a modified version of an …
LETTER TO THE EDITOR — The evolution of geostatistics
Jim Whyte’s recent article (“Recent history reveals trends in mine failures”, T.N.M., Sept. 28-Oct. 4/98) was an interesting read, even more so when I came across my name and quotes from a 1991 articl…
De Beers pulls diamonds from Victoria Island
Microdiamond analysis performed on four of the five kimberlites discovered earlier this summer at the Victoria Island project in the Far North has determined that three of bodies are diamondiferous.Mo…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Vancouver records gains, Alberta dips slightly — Deals, good results buoy Canadian, foreign juniors
The Vancouver Stock Exchange composite index lost 7.38 points, or 1.85%, over the week ended Oct. 6 to close at 392.61. The mining index managed to tack on 3.36 points, or 1.2%, to round out our tradi…
Meetings (October 12, 1998)
Oct. 13, Icelandic Gold Oct. 13, Tullaree Oct. 14, Loubel Oct. 14, Mar-West Oct. 14, United Gunn Oct. 15, Brimstone Oct. 15, Chalice Oct. 15, Kelnick Oct. 15, Pacific Rim Oct. 15, Telford Oct. 15, Wes…
Golden Regent, LBN cut gold in Slovakia
Drilling at the past-producing Lom gold-antimony project in Slovakia has confirmed mineralization for Golden Regent Resources (GRR-A) and its partner, LBN Syndicate of Australia.The first two core hol…
Cumberland drilling expands Third Portage
Interim drill results from the Meadowbank gold project in Canada’s Far North has expanded the eastern, near-surface portion of the Third Portage deposit, a potential open-pit mine.The Meadowbank proje…
Royal Oak plans $81-m writedown
Royal Oak Mines (RYO-T) plans to take a pretax, US$81-million writedown as a result of lacklustre gold prices and restrictions on its ability to hedge gold production.Using a gold price of US$300 per …
Partners expand Chocolate Reef
An independent resource calculation has increased by 31% the size of the Chocolate Reef gold deposit in Tanzania’s Lake Victoria Gold district.Chocolate Reef is situated on the Kahama property, which …