Cambior benefits from Omai output
The Omai mine in Guyana helped to push gold production for Cambior (TSE) during the first nine months of 1993 to 381,122 oz., a 42% increase compared with the same period last year. The open-pit mine,…
Articles by Northern Miner Staff
Reforms in store for B.C. securities markets
Major structural changes to the British Columbia securities market are expected to be recommended by a commission appointed by the province to review the operations and regulation of both the Vancouve…
Spot prices at a glance (October 25, 1993)
Week’s Price (US) Change Gold* $371.60 + $5.00 Silver* $ 4.49 + $0.04 Platinum* $375.25 + $5.15 Nickel** $ 2.12 + $0.08 Lead** $ 0.18 $0.00 Copper $ 0.73 – $0.03 Zinc $ 0.42 $0.00 Courtesy of Scotiaba…
NEWS ROUNDUP — More drilling for Rush and Run
Drilling is planned by Continental Pacific Resources (VSE) for two copper-zinc discoveries at its properties south of Coronation Gulf, N.W.T. The junior has completed geological mapping and geophysica…
OBITUARIES — James Gaunt
A practicing geologist for more than 30 years, James Gaunt died recently after suffering a heart attack while on a moose hunting trip in the Gowganda area of northern Ontario. He was 58. He participat…
Gold Funds (October 25, 1993)
BGR Central Net Value $14.04 $6.00 Price $14.38 $6.625 Premium 2.39% 10.4% Value $78,637,000 $119,907,863…
Westminer Canada options Timmins base metal property
In an agreement reached with Moneta Porcupine Mines (TSE), Westminer Canada can earn up to a 100% interest in a 65-sq.-km base metal property near Timmins, Ont. The property is in Jamieson, Macdiarmid…
STOCK MARKETS — Government dumping gold as price creeps
Canadian government gold sales are heading for a record high this year. To the end of September, the Bank of Canada saw fit to dump nearly 2.9 million oz., which is close to the total of three million…
Wheaton looks to new gold reserves
Drilling on the Golden Bear property in northwestern British Columbia has returned gold intersections in two separate areas. The mine is wholly owned by North American Metals (VSE). Wheaton River Mine…
Caribgold begins trading
Shares of Caribgold Resources recently began trading on the Canadian Dealing Network (CDN). The company is headed by David Bell, a well-known consulting geologist and a key figure in the famous Hemlo …
Engineering under way at Minera’s Ivan project
Engineering, procurement and construction management for Minera Rayrock’s (TSE) Ivan copper project in Chile has been awarded to Kilborn. The Toronto-based engineering firm is working with Chilean cou…
NEWS ROUNDUP — William eyes Guyana, Venezuela
An option to acquire an exploration licence in Guyana has been obtained by William Resources (ME). The licence for the diamond-gold placer project covers part of the Mazaruni River about 250 km southw…