Kinross outlines plans for growth
Mine expansion and acquisition plans should give gold-silver producer Kinross Gold (TSE) annual output of 500,000 oz. gold-equivalent by the end of 1996.At the annual meeting, President Robert Buchan …
News
CIM luncheon hosts Westmin
The May 26 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum will hear a presentation about Westmin Resources and its prospects.President Walter Segsworth …
Spot prices at a glance (May 15, 1995)
Wednesday, May 10Price (US)Week’sChangeGold*$383.40-$5.40Silver*$5.48-$0.40Platinum*$435.50-$17.25Nickel**$3.15-$0.02Lead**$0.26-$0.01Copper$1.24-$0.01Zinc$0.46-…
B.C. Government offer not enough for Royal Oak Mines
Following several meetings with the government of British Columbia, Royal Oak Mines (TSE) and Geddes Resources (TSE) have withdrawn their respective bids to acquire the Kemess South gold-copper projec…
Aur steps up exploration drive
Now that the Louvicourt mine near Val d’Or, Quebec, is running smoothly, operator Aur Resources (TSE) plans to use its 30% share of cash flow to seek out nearby orebodies.”We plan to reinvest a good p…
Chase drills Bai Saripinang
Drills are turning at the Bai Saripinang gold project on the Philippine island of Mindanao.Vancouver-based Chase Resources (TSE) owns a 40% interest in the Philippine firm Bai Saripinang, which owns t…
STOCK MARKETS — Voisey Bay, diamonds fail to spark western markets
Western markets took a breather from the rash of speculation concerning the Voisey Bay area of Labrador and diamonds in the Northwest Territories during the report period ended May 9.The Vancouver Sto…
EDITORIAL PAGE — Reducing risk through hedging
Mining is a risky business.Sometimes the risk takes the form of an operational surprise. In other instances, it may be an exciting drill hole that turns up empty. Still other risks include volatile me…
STOCK MARKETS — Precious metals lack lustre; Diamond Fields near $60
The gold price continued to trade sideways and the silver price tumbled during the report period ended May 9. On more upbeat news, the Dow Jones Industrial Average (DJIA) in New York continued to asto…
Battle Mountain posts profit
On the strength of higher gold production from the Kori Kolla mine in Bolivia, Battle Mountain Gold (NYSE) posted a profit for the first quarter.Net income was US$2.5 million which, after a preferred …
Wheaton River plans program
The proceeds of a $2.5-million private placement will be used by Wheaton River Minerals (TSE) to increase the scope of exploration and development this summer at the Golden Bear mine in northwestern B…
GeoNova tests two properties
Three gold structures and other targets at the Diomines and Diomines Extension properties in northwestern Quebec were tested during the 1995 winter drill campaign.GeoNova Explorations (ME) reports tha…