OECD output bolsters markets
Strong industrial production in most member nations of the Organization for Economic Co-operation and Development continues to bolster base metal markets, while uneasiness over social issues in Russia…
News
Atlas purchases Granges shares
Australian miner MIM Holdings plans to sell its 12.7 million shares of Granges (TSE) to Atlas (NYSE) at a cash price of $4 per share. The shareholding represents a 37% interest in Granges, which, in t…
ODDS’N’SODS — Mine financing in the 1800s
Most of the mines now abandoned in the hills and mountains of Arizona, as well as those that are a part of open-pit operations, required outside financing to operate. Few miners had the money to opera…
PDAC database
The Prospectors and Developers Association of Canada (PDAC) is keeping a database which lists students who are seeking either summer jobs or permanent positions in mining. On file at the PDAC office i…
OBITUARY — Stanley Hoffman
One of Canada’s foremost applied exploration geochemists, Stanley Hoffman, has died in Vancouver from chronic diabetes. He was 47. A native of Montreal, Hoffman graduated in geology from McGill Univer…
DIAMOND PAGE — Saskatchewan’s Candle Lake play catches the
Exploration in Saskatchewan is turning up a few more diamonds for partners War Eagle Mining (VSE) and Great Western Gold (VSE). Although results to date are low in comparison with those reported from …
Challenger pursuing new acquisitions
Vancouver-listed Challenger Minerals is looking to expand its property holdings. The junior is evaluating a gold property in the Battle Mountain Trend of Nevada and several large gold projects in Burk…
Spot prices at a glance (May 09, 1994)
Week’s Price (US) Change Gold* $374.50 + $0.15 Silver* $ 5.21 + $0.04 Platinum* $396.75 + $3.95 Nickel** $ 2.53 + $0.15 Lead** $ 0.21 + $0.01 Copper $ 0.89 + $0.03 Zinc $ 0.42 + $0.01 Courtesy of Scot…
STOCK MARKETS — Yellow metal offers little direction
Both the Vancouver Stock Exchange resource and composite indexes drifted sideways over the week ended May 3. The composite index edged down 4.56 points to 1,075.52 while the resource index managed a 2…
LETTERS TO THE EDITOR — Philippines offers opportunity
Regarding your Commentary titled “Philippine mining struggles” (T.N.M., April 18/94), you failed to highlight the tremendous opportunities that exist because of the current plight of the industry in t…
Falconbridge share offering will aid exploration efforts
Nickel and base metal giant Falconbridge has filed a preliminary prospectus with the Ontario Securities Commission with regard to an initial public offering of its common shares. Although details of t…
NEWS ROUNDUP — More gold struck at Damoti Lake play
Drilling on the Damoti Lake property north of Yellowknife, N.W.T., has returned additional gold intersections for partners Athabaska Gold Resources (TSE), Consolidated Ramrod Gold (TSE) and Gitennes E…