Meetings (May 10, 1999)
May 10, CamfloMay 10, Cdn. NaturalMay 10, Lucky StrikeMay 10, Vista GoldMay 11, AbsolutMay 11, ArcaMay 11, Curran BayMay 11, GenesisMay 11, Gulf CanadaMay 11, Inter-RockMay 11, LoricaMay 11, Marchmont…
1999
Eldorado cuts costs, boosts production
Higher production at its Sao Bento mine in Brazil combined with the devaluation of that country’s currency has enabled Eldorado Gold (ELD-T) to improve its overall operating performance.The company pr…
America Mineral Fields hangs tough in DRC
With political instability continuing to cripple foreign mining ventures in the Democratic Republic of Congo (DRC), America Mineral Fields (AMZ-T) has battened down the hatches and is now waiting to r…
Sunshine advances Pirquitas project
Sunshine Mining & Refining (SSC-N) has received a bankable feasibility study for the Pirquitas silver-tin project in northwestern Argentina.The study concludes that the operation is capable of produci…
Placer tables strong first-quarter earnings
By reducing costs and increasing production, Placer Dome (PDG-T) continues to perform strongly, as evidenced by results from the first quarter.The company earned US$25 million (or 10 cents per share) …
Aquest arranges financing
Junior Aquest Minerals (AQU-V) is seeking to raise $1.2 million through a non-brokered private placement of 2 million units priced at 60 cents per unit.A unit consists of one share plus a half-share p…
Wheaton River develops Bellavista
With a positive feasibility study in hand, Wheaton River Minerals (WRM-T) is seeking funds to develop its Bellavista open-pit heap-leach gold project in Costa Rica.Unnamed financial institutions have …
River hits bonanza grades
Underground drilling at the Eagle River gold mine, near Wawa, Ont., has returned spectacular results for River Gold Mines (RIV-T).Eleven holes drilled to test mineralization below the No. 6 zone inter…
Teck to raise gold-mining profile
Although Teck (TEK-T) has been a gold miner for 85 years, its diversification into copper, zinc, niobium and coal, has prompted recent concerns with analysts that the company is not realizing the full…
Companies (May 10, 1999)
America Mineral FieldsAnglo AmericanAquest MineralsArchon MineralsBarrick GoldBattle Mountain GoldBroken Hill ProprietaryCambiorDe Beers Consolidated MineDia Met MineralsEldorado GoldEuroZinc MiningGa…
Boliden still bleeding despite cutting costs
With the Myra Falls mine out of production and output reduced at its Ronnskar smelter, Boliden (BOL-T) posted a loss of US$22.9 million for the first quarter of 1999.The loss, amounting to US21 cents …
AG votes in favour of Homestake takeover
Shareholders of Argentina Gold (ARP-V) have voted 99% in favour of an offer by San Francisco-based Homestake Mining (HM-N) to acquire all of the junior’s outstanding shares.Under the proposed arrangem…