Consolidated Nevada inks Mexican merger deal
Consolidated Nevada Goldfields (KNV-T) has signed a deal with Mexican miner Grupo Real del Monte that will lead to a six-fold increase in reserves for the American company.The companies are merging th…
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The Cambior drilling at Cameron Lake
Diamond drilling has begun at the Cameron Lake gold property, a joint venture between Nuinsco Resources (NWI-T) and Cambior (CBJ-T).The project lies 80 km southeast of Kenora, Ont. Reserves are estima…
Cominco deals for Peruvian miner
Cominco (CLT-T) has acquired a 25.5% interest in the Peruvian company Inversiones Colquijirca, which holds a 51% interest in Sociedad Minera El Brocal.Minera El Brocal’s principal assets include the 2…
Elliot Lake growing independent of mining
Although the last of the ore has been hauled from the last of Elliot Lake’s mines, the task of reclaiming and revitalizing this former one-industry town has just begun.Beginning in 1955, the mining in…
COMMENTARY — Chile’s gain is Canada’s loss
In 1993, Chile was the world’s largest producer of copper, with 22% of total world exports, as well as the world’s leading producer of potassium nitrate and sodium nitrate.Today, minerals account for …
DIAMOND PAGE — Redaurum sales up
Revenue from diamond sales by Redaurum (RRK-T) jumped 33% in the second quarter.For the three months ended June 30, Redaurum reaped revenues of $2.5 million, compared with just under $1.9 million in t…
ODDS’N’SODS — Timmins in the ’30s: How does your garden grow?
The makers of mid-priced automobiles were, like many others, hit hard during the Great Depression of the 1930s. But when Marmon, Packard and Hudson were closing factories at an alarming rate, Graham-P…
Omni prepares to drill Mt. Skukum
Omni Resources (ORI-V) has two exploration and development programs under way on its Mount Skukum properties, 40 miles south of Whitehorse, Y.T.At the Skukum Creek project, the company is preparing to…
DIAMOND PAGE — Hymex sees Guinea diamond output rise
The alluvial diamond mining operations of Hymex Diamond (HMD-V) in the small West African country of Guinea are producing gems at a rate five times higher than a year ago.In June, the company washed 6…
INVESTMENT COMMENTARY — Gold exploration potential renders First Miss a hit
With its yearly gold production about to double, FirstMiss Gold (FRMG-Q) could have enough cash on hand to mount a major exploration campaign in the Getchell trend of north-central Nevada.Analyst Geof…
Engineering Act of Nova Scotia to include geologists
Geologists, geophysicists and engineers in Nova Scotia have agreed on a mechanism to include geoscientists in the province’s Engineering Act, opening the way for professional registration of geologist…
DIAMOND PAGE — Namco increases sea-floor resource
A consulting firm has raised its estimate of the sea-floor diamond resource of Namco (NMR-T) by almost 8%.Namco is working on the floor of the Atlantic Ocean, off the coast of Namibia. The company’s r…