DIAMOND PAGE — Correction
The recent agreement between De Beers Consolidated Mines and junior companies Mill City Gold Mining (VSE) and Tanqueray Resources calls for De Beers to subscribe for $2 million in common shares of Mil…
News
PEOPLE — ROCHESTER (August 01, 1994)
Peter Christopher appointed director.
PEOPLE — UNITED TRI-STAR
D.C. Deacon elected director and appointed president and chief executive officer.
PEOPLE — AREQUIPA
Chet Idziszek appointed president and chief executive officer.
Positive study at Exall’s Santo Tomas
A new copper mine may be in the works for Exall Resources (TSE), following completion of a positive prefeasibility study on the Santo Tomas project in Mexico’s Sinaloa state. The study — carried out …
Gibraltar advancing Mt. Polley deposit
Copper producer Gibraltar Mines (TSE) is continuing to evaluate the Mount Polley copper-gold deposit near Williams Lake, B.C., under a joint-venture agreement with owner Imperial Metals (TSE). The goa…
Thunderwood, partner explore near Raglan
TSE-listed Thunderwood Resources and CDN-listed First Canadian Gold have begun a $250,000 program of ground magnetics and drilling on the Lac Long nickel-copper property in northern Quebec. Lac Long c…
NEWS ROUNDUP — Construction begins at Andacollo
Construction of the Andacollo gold project is under way in central Chile, reports owner Dayton Mining (TSE). The open-pit operation, being built by Bechtel Corp. on a fixed-cost basis, is expected to …
EDITORIAL PAGE — Selling off our future
The official line from Ottawa has it that the Department of Finance is continuing its shameful gold selloff — another 276,000 oz. were sold in June — because “they (gold bullion) don’t make returns …
Toronto Stock Exchange Indices (August 01, 1994)
— 1994 — Jul 26 Jul 25 Jul 22 Jul 21 Jul 20 High Low Composite “300” 4149.90 4159.02 4176.16 4172.59 4181.74 4609.93 3518.31 TSE 100 Index 250.35 250.75 252.08 251.79 252.57 277.47 238.43 Metals&Min…
COMMENTARY — Copper important to Arizona
The Arizona copper industry contributed US$5.7 billion to the state’s economy during 1993, according to a study by the Western Economic Analysis Center in Marana, Ariz. This contribution is calculated…
The World’s Heavyweight Gold Producers
A successful takeover of Lac Minerals by American Barrick would vault Barrick to third spot in world gold producers. A Royal Oak takeover means Barrick would be eighth in line, one spot back of a Roya…