Royal Oak expects production rise
Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…
News
ODDS’N’SODS — Mr. and Mrs. Bullion’s misadventure
Considering his surname and the fact that he majored in geology in his native England, it seemed only natural that M.J. Bullion would migrate to the booming gold camp of Porcupine in northern Ontario …
LETTERS TO THE EDITOR — Vendors terminated option
I would like to bring your attention to an error in your Feb. 6 edition. In the “News Roundup” column on Page 3, in the story “Blue Emerald eyes yellow metal,” it is stated, in reference to the compan…
NRC seeks to increase spending on machinery
The machines that run Canadian industry are getting smarter, friendlier to the environment and more reliable, all because of collaborations with research and development bodies such as the National Re…
Accounting firm publishes survey for mining industry
Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…
Murgor to begin drilling on Barry Twp. property
Having completed magnetometer and induced-polarization (IP) surveys, Murgor Resources (VSE) reports that diamond drilling is finally under way on the Barry Twp. property in northwestern Quebec. The in…
STOCK MARKETS — Winter blahs continue to plague western
Western markets continue to suffer the winter doldrums as the Vancouver Stock Exchange resource index fell 35.88 points to a 52-week low of 1,112.52 for the report period ended Feb. 14. The composite …
Wheaton hits gold in Grizzly zone
Underground drilling at the Golden Bear mine in northwestern British Columbia continues to provide encouragement for Wheaton River Minerals (TSE) and North American Metals (TSE). All surface and under…
Spot prices at a glance (February 20, 1995)
Week’s Price (US) Change Gold* $376.90 + $2.10 Silver* $4.76 + $0.09 Platinum* $414.00 + $5.25 Nickel** $3.77 + $0.15 Lead** $0.26 + $0.01 Copper $1.31 + $0.03 Zinc $0.45 $0.00 Courtesy of Scotiabank….
Coeur’s Rochester receives award
The Rochester mine of Coeur d’Alene Mines (NYSE) has received an environmental award from the Nevada Association of Conservation Districts. The award, for “distinguished service to conservation,” was …
Sharpe, Freewest release additional Wisconsin results
Partners Sharpe Energy and Resources (VSE) and Freewest Resources Canada (TSE) have received additional drill results from their Wisconsin massive sulphide program. The two companies are earning a 60%…
Orvana drilling projects
Not averse to working in warm climes, Orvana Minerals (VSE) has started drilling a property in Jamaica and has negotiated an option agreement for a Mexican property. At its Central Inlier gold project…