Historical gold production
The amount of gold produced in the world throughout the ages (to the end of 1994) stands at about 3.7 billion oz., says CPM Group of New York. According to the research and consulting company, some 86…
News
Keystone results continue to shine
Production and profits are up considerably at the Keystone gold mine in northern Manitoba. The operation, owned equally by Granduc Mining (TSE) and Black Hawk Mining (TSE), yielded 8,197 oz. in the fo…
LETTER TO THE EDITOR — Time to start talking
The editorial “A voice from the wilderness” (T.N.M., Jan. 30/95) shows that neither the mining industry nor the environmentalists are thinking clearly about land use in wilderness area, a development …
Drilling at Damoti Lake
While some Canadian juniors do less field work in winter, Gitennes Exploration (ASE) is not among them. The Vancouver-based company is involved in not one but three programs near Damoti Lake in the No…
Hycroft Resources updates reserves at Crofoot-Lewis
Production at the Crofoot-Lewis open pit gold mine in Nevada increased 10% between 1993 and 1994. Owner Hycroft Resources & Development attributes the rise (94,868 oz. compared with 86,516 oz.) to tri…
TVX boosts stake in gold projects
Gold-producer TVX Gold (TSE) has increased its ownership in two projects and is considering buying a third. TVX bought a 10.3% interest in the Brasilia mine for US$14 million from a private company co…
Spot prices at a glance (February 27, 1995)
Week’s Price (US) Change Gold* $379.00 + $2.10 Silver* $4.76 – $0.01 Platinum* $416.40 + $2.40 Nickel** $3.79 + $0.02 Lead** $0.27 + $0.01 Copper $1.31 $0.00 Zinc $0.47 + $0.02 Courtesy of Scotiabank….
ODDS’N’SODS — The Mexican adventure (1)
Exploration work in Alaska has its problems. Nevertheless, the long days and short nights during the summer, combined with the mineral-rich Triassic volcanics in the Talkeetnas, make prospecting a cha…
New gold zone discovered at Tasna
By the end of March, Corriente Resources (VSE) expects to have completed a feasibility study for its bismuth-copper-gold vein project on the Tasna property in southern Bolivia. The company is also exp…
Grizzly returns more gold
Drilling on the Grizzly zone at the Golden Bear mine in northwestern British Columbia is expanding the dimensions of the deposit. Owner North American Metals (VSE) reports that hole 95-128 intersected…
Significant rise in reserves at Musto’s Alumbrera play
An expansion in reserves will enable partners International Musto Explorations (TSE) and Australian-based MIM Holdings to increase throughput at the Bajo de la Alumbrera gold-copper deposit in northwe…
Goldcorp finances Red Lake work
TSE-listed Goldcorp is spending $10 million on exploration and development at its Red Lake gold mine in Balmertown, Ont. The program, expected to last two years, consists of 200,000 ft. of exploration…