Euro-Nevada buys into Aussie mine
Royalty company Euro-Nevada Mining (EN-T) has paid A$7 million for a 20% interest in the New Celebration gold mine, which lies in the heart of Australia’s Kalgoorlie-Kambalda gold camps.The mine, incl…
News
STOCK MARKETS — Junior issues soar on Vancouver market
The Vancouver Stock Exchange rose 63.97 points over the report period ended Aug. 20, to finish at 1,198.03, while the resource index leaped 273.1 points to close at 2,429.96.The latest drill results f…
It’s official: Diamond Fields now a division of Inco
With all shares of Diamond Fields Resources (DFR) now in the hands of Inco (N-T), the former’s Voisey Bay Nickel Company subsidiary has become a division of Inco.On Aug. 21, Inco’s acquisition of DFR …
Aur cuts gold at Coleman Canyon
Drilling on the Coleman Canyon property in Nevada, Aur Resources (AUR-T) has hit several thick intersections of low-grade gold mineralization.Since June, Aur has completed 21 reverse-circulation holes…
ACC to host hedging seminar
The American Copper Council (ACC) will hold an intermediate-level hedging seminar on Sept. 10 at Manhattan’s Warwick Hotel in New York, N.Y.Featuring an address by John Gross, vice-president of strate…
ODDS’N’SODS — Yellow-brick sidewalk
The discovery of the fabulous “golden sidewalk” is said to be the most spectacular find of visible, on-surface gold made in the history of Canadian gold mining.Situated at Carr Lake, in northeastern O…
COMMENTARY — Teaching the educators
By 1992, I had spent 25 years as a teacher, yet my knowledge of the mining industry was, to say the least, inadequate.Words such as “exploration,” “extraction,” “processing” and “reclamation” were one…
EDITORIAL PAGE — The best of a bad situation
It is disheartening that the New World gold-copper project has been permanently sidelined by an agreement that will see the mine’s owner, Crown Butte Resources, swap the Montana project for federal la…
Canada proposes tax changes for ammonite producers
The federal government of Canada has announced proposed changes to the income-tax treatment of producers of ammonite gemstones.The changes, which were proposed by Natural Resources Minister Anne McCle…
Drilling on Portuguese property begins
The Grandola joint venture has initiated drilling on the first of four planned holes in a program aimed at testing the central axis of the 3,000-metre-long Porto de Mel gravity anomaly on the Grandola…
Gold Canyon Resources reports assays from Springhole
Gold Canyon Resources (GCU-V) has resumed trading on the Vancouver Stock Exchange, having cleared up the confusion over assay results from its Springpole gold project in northwestern Ontario.Trading w…
GREATEST VALUE TRADED (August 26, 1996)
ExchgValue($000s)HighLowChangeBema GoldT462418…