Eskay spins gold for Prime
The newly opened Eskay Creek mine in northwestern British Columbia is cranking out profits for Prime Resources Group (TSE).The company earned $5.4 million for the first quarter on revenue of $29.1 mil…
News
Voisey Bay deposit shows potential to become low-cost nickel producer
Few mineral projects have developed as quickly as Voisey Bay, a nickel-copper-cobalt project with open-pit potential favorably situated in moderate terrain 10 km from tidewater and about 35 km from Na…
Northern Orion buys Argentine, Cuban assets
In a move aimed at establishing a presence in Latin America, Northern Orion Explorations (VSE) has announced plans to buy an Argentine subsidiary from California-based American Resource (NASDAQ).North…
LETTER TO THE EDITOR — Group finds GSC office move confusing
Regarding the letter by A. Anne McLellan (“Mines minister replies to government criticism,” T.N.M., May 1/95), which was a response to a critique of the federal budget by Steven Parry, we fully agree …
DIAMOND NEWS ROUNDUP — Bulk sampling set to wind down at Diavik joint venture
The influx of warmer weather is expected to signal an end to the mini-bulk sampling program on the A-154 kimberlite pipes.The Diavik property, situated in the Lac de Gras area of the Northwest Territo…
Triton finds Nicaraguan assets ripe for the picking
The economic reforms initiated five years ago in this then-war-torn country have ushered in a climate of relative stability and security. As state-owned mines and other assets became privatized, forei…
Gencor on CIM agenda
South African mining house Gencor will be featured in an address at the May 25 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum.Brian Gilbertson, executive …
OBITUARIES — Patrick Harrison
One of the great shaft-sinkers in Canadian mining history, Patrick Harrison, has died after a long illness. He was 93.A native of Northern Ireland, “Paddy” was chairman of Patrick Harrison & Co., a mi…
NEWS ROUNDUP — Canyon reports loss for the quarter
Colorado-based Canyon Resources (NASDAQ) posted a loss of US$647,900 (or 3 cents per share) for the first quarter, compared with a loss of US$237,200 (or 1 cents per share) for the same period in 1994…
Coeur d’Alene liquidates assets
Silver-producer Coeur d’Alene Mines (NYSE) will sell two of its lesser assets.Flexaust, a manufacturing division which produces flexible hose and tubing, is being sold to subsidiaries of the German fi…
Meetings (May 15, 1995)
May 23, Antilles – general, extraordinaryMay 23, Cominco Res Int’l – annual, specialMay 23, Gold Trump – annual, generalMay 23, Northern Dynasty – annual, generalMay 23, Pangea – generalMay 23, Pinnac…
Cathedral fleshing out Hicks
Drilling on the Kaburi-Eldorado property in Guyana continues to confirm the continuity of gold mineralization within the Hicks zone, according to project owner Cathedral Gold (TSE).Drilling to date ha…