Vengold reduces Lihir stake
To alleviate its US$115-million debt load, Vengold (VEN-T) has sold 25 million shares of Lihir Gold (LIHRY-Q).The proceeds, which tally to about $25 million (Australian), will reduce Vengold’s outstan…
1999
Index (June 14, 1999)
CareersClassifiedCommentaryDiamond PageDrillersEditorialInvestment CommentaryLetters to the EditorMarket PlaceMetal PricesMining Markets & Investment NewsNews RoundupOdds’n’SodsPeoplePro…
NEVADA & THE WESTERN STATES — Romarco aims to build on past success
Following a momentous year culminating in the sale of its prized Midas project, Romarco Minerals (R-T) is getting back to the business of exploring for gold in Nevada.In November 1998, Romarco sold it…
NEWSROUNDUP — Former Minroc finances Cassiar
Effective June 8, Minroc Mines became Cassiar Mines & Metals (CIR-T) and drew down a $5-million financing for its magnesium-chrysotile project at Cassiar in northern British Columbia.The past-producin…
DIAMOND PAGE — Kimberlite sill proves diamondiferous
Encouraging results are reported from the Munn Lake kimberlite sill discovery at the Back Lake project in the Northwest Territories.A 42-kg aggregate kimberlite sample collected from two core holes an…
NEVADA & THE WESTERN STATES — Placer, Kennecott keep production in the Pipeline
The Pipeline gold mine in Nevada’s Crescent Valley is to Placer Dome (PDG-T) what the Goldstrike property is to Barrick Gold — a production cornerstone.The mine is owned, on a 60-40 basis, by Placer …
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Weak metal prices flatten western markets — Cons. Silver Tusk among few bright spots as malaise grips VSE
The Vancouver Stock Exchange composite index lost 8.09 points, or 1.8%, over the report period ended June 8, to close the week at 444.62. The mining index followed suit, losing 4.07 points, or 1.3%, t…
NEVADA & THE WESTERN STATES — Royalty sisters open Nevada mine
Low gold prices are not preventing affiliated companies Euro-Nevada Mining (EN-T) and Franco-Nevada Mining (FN-T) from basking in the success of their equally owned Ken Snyder mine, in Nevada, north o…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE inches up as equity markets recover
Base metals ahead of market in response to better commodity prices The base metals led the winning sectors as the Toronto Stock Exchange advanced slightly over the five trading days ended June 8. The …
Eldorado sizes up Turkish gold deposit — Reserves at Sao Bento in Brazil expected to rise
Drilling will enable Eldorado Gold (ELD-T) to evaluate the size and grade of the Gokgoz Tepe zone at its wholly owned Kisladag project in western Turkey.This season’s program, budgeted at US$725,000, …
NEVADA & THE WESTERN STATES — Canyon eyes higher production in 1999
Despite higher-than-expected operating costs, Canyon Resources (CAU-X) plans to achieve record gold production at the Briggs mine in southeastern California.In 1998, the open-pit heap-leach operation …
NEVADA & THE WESTERN STATES — Vengold explores in Walker Lane Trend
Vancouver-based Vengold (VEN-T) is exploring for the yellow metal on its newly acquired Pamlico property, southeast of Hawthorne in Nevada’s Walker Lane region.To date, the company has completed mappi…