News

T. Magee appointed president.

The Fraser Institute will host a conference on mining in British Columbia, to be held Oct. 22 at the Hyatt Regency Hotel in Vancouver.Entitled “Mining in B.C. — Eliminating Uncertainty and Encouragin…

Despite lingering controversy over the right of Consolidated Eurocan Ventures (KEU-T) to develop a giant copper-cobalt resource in Zaire, the junior is proceeding with financing for the project.To rai…

Further drilling by WMC International, a unit of Australian-based Western Mining, has outlined more mineralization at the Tiriruniak gold prospect, 15 km north of Rankin Inlet, N.W.T.The prospect, for…

The latest diamond drill and reverse-circulation (RC) holes at the Hinoba-an project have allowed International Pursuit (IPJ-T) to expand its high-grade copper zone.The company continues to be encoura…

Vancouver-based Diagem International Resources (DGM-V) has taken over Diagem Resources, a private Ontario company, and acquired a 50% stake in a Brazilian diamond mining, processing and marketing busi…

KAn agreement to double treatment capacity at the Orapa diamond mine in Botswana has been reached by DeBeers Centenary, the government of Botswana and diamond producer Debswana.The US$290-million init…

It was summer outside, but trading levels on the Toronto Stock Exchange shot up to levels not usually seen except in RRSP season. Volumes were in the 70-to-90-million-share range, and the TSE 300 comp…

Canadian production of gold and nickel in May 1996 rose over levels recorded during the same period last year. At the same time, a decline occurred in the output of silver and copper.Production of pri…

In our coverage of United Keno Hill Mines (UKH-T) and its exploration of the Elsa properties in the Yukon (T.N.M., Aug. 19/96), we incorrectly reported that environmental and other permits had, for th…

1996Aug 20Aug 19Aug 16Aug 15Aug 14HighLowComposit…

Wednesday, August 21, 1996Price (US)Week’s ChangeGold*$387.45+ $0.35Silver*$ 5.21…