Richmont posts quarterly loss
Montreal-based Richmont Mines (RIC-T), which has operations in Quebec and Newfoundland, is feeling the pinch of low gold prices, increased cash costs and reduced production.The company posted a loss o…
1999
Tahera funds work at Jericho (August 16, 1999)
Through a private placement, Tahera (TAH-T) intends to raise $3.5 million, a portion of which will be used to explore the Jericho diamond properties in the new Canadian territory of Nunavut.The privat…
Aquest seeing gold, antimony at Anabella
Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator Aquest Minerals (AQU-V).The results come fro…
PEOPLE — Bolivar
Ian Ward appointed director.
Rubicon starts drill program at Palmer
Junior Rubicon Minerals (RMX-V) has begun a 5-to-8-hole, 4,000-ft. drill program at the Palmer base metal project in southeastern Alaska.The road-accessible project, 35 miles northwest of the port of …
PEOPLE — Battle Mountain (August 16, 1999)
Ian Atkinson appointed vp operations and exploration.
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — EuroZinc, Grayd buck trend as VSE tumbles
The Vancouver Stock Exchange composite index nosedived 14.26 points, or 3.4%, over the report period ended Aug. 10 to close the week at 400.89. The mining index also lost ground, shedding 6.35 points,…
EDITORIAL & OPINION — NEW HORIZONS — Silver aids in burn therapy
Silver ion therapy helps rebuild tissue and, since its introduction 10 years ago by a New York-based scientist, has been used on a limited basis in a clinical setting at Mountain Medical Specialties i…
Sherritt spring earnings up
Toronto-based Sherritt International (S-T), which has operations in Canada and Cuba, is reaping the benefits of record oil production, upward-trending commodity prices and enhanced efficiency.The comp…
Companies (August 16, 1999)
AfrioreAlcanAlcoaAlusuisse LonzaAnaconda NickelAnglo American PlatinumAnglo AmericanAnglogoldAquest MineralsArmada GoldAshanti GoldfieldsAtna ResourcesAur ResourcesAuric ResourcesBarrick …
Aur Res. enjoys strong quarter
Aur Resources (AUR-T) has reported higher quarterly earnings, thanks to better operating performances at the Louvicourt and Andacollo mines.For the three months ended June 30, the copper miner netted …
EDITORIAL & OPINION — GEOLOGY 101 — Redbed copper deposits, Part 2
Sedimentary redbed deposits are relatively small, and few are ever brought into production. There are no such mines in Canada, though deposits do occur in Nova Scotia and New Brunswick. Around the wor…