COMMENTARY — Cuba chases foreign investment
The demise of the Soviet Union has ironically left Cuba — romantically known as “the isle of eternal summer” — out in the cold. As a result, the country’s mining and metals sector is now desperately…
News
Royal Oak overcomes technical problems
Third-quarter earnings of Royal Oak Mines (TSE) reflect problems at the company’s three Canadian gold mines, particularly the Hope Brook operation in Newfoundland. The company said both tonnage and gr…
EXPLORATION ’93 — Western U.S. holds promise for diamond
With diamond fever rising throughout much of North America, several juniors are pinning their hopes on a remote section of the Rocky Mountains near the Colorado-Wyoming state line. One such company, C…
EXPLORATION ’93 — Boliden works copper mine in Sweden’s
Some 27 million tonnes of material are moved annually at the open-pit Aitik copper mine of Boliden in northern Sweden, Mannesmann Demag reports. The equipment manufacturer has two large hydraulic shov…
Milling plans firm up at Albino
Crystallex International (VSE) has appointed consultants Paulo Abib and Kilborn Engineering to provide engineering and project management of a proposed mill at its Albino concession in Venezuela. Euru…
Tri Origin sets out exploration plans
Exploration programs for properties held by Tri Origin Exploration (TSE) were announced to shareholders and analysts at the annual meeting in Toronto. President Robert Valliant outlined a strategy of …
Workshop planned
An ore reserve workshop will be held in Toronto on Nov. 22 and 23 at the Noranda Sales office. The course, being organized by Matrix Consultants, will demonstrate a common-sense approach to testing fo…
Gold Funds (November 22, 1993)
Gold Funds as of Nov. 16 BGR Central Net Value $15.19 $6.07 Price $14.00 $6.75 Premium 11.2% Discount 7.84% Value $85,098,000 $122,170,275…
Financing (November 22, 1993)
Adobe Resources — 1.5 million shs @ 10 cents. Detector Resources — 1.7 million shs @ 10 cents. Grantham Resources — 1.7 million shs @ 10 cents. Lake Placid Resources — 2 million shs @ 10 cents. Pr…
NEWS IN BRIEF (November 22, 1993)
CanAlaska Resources (CKE:VSE) has changed its name to International CanAlaska Resources (ICA:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. RM Trust Co. is the transfer agent.
Golconda drilling California gold play
Drilling has begun on Golconda Resources’ (ASE) Star City gold deposit in California. Previous work outlined a large reserve of low-grade gold mineralization minable by open-pit and heap-leach methods…
PEOPLE — SOLIDOR RESOURCES
D. Campbell, Basil Pantages and Robert Wilkinson appointed directors. N5…