Royal Oak gets safety record
The Timmins division of Royal Oak Mines (TSE) achieved more than one million manhours of consecutive service without experiencing a lost-time accident. The record was confirmed by staff of the Mines A…
News
Gregor drilling tests Marathon gold project
A 12,000-ft. program has begun on Gregor Goldfields’ (CDN) Marathon gold project, near Hemlo, Ont. The drilling is intended to test the strike length, width, depth and continuity of five known gold-be…
Metals sub-index moves up in July
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index edged up in July alongside somewhat stronger prices for copper, aluminum, gold and silver. However, economist Patrici…
Both underground and open pit at American Girl Equinox, MK
The American Girl mine in this desert region will have an extended life as deposits on the Oro Cruz portion of the property are brought on-stream by joint-venture partners Equinox Resources (TSE) and …
Barriers threaten metals trade
Barriers to trading of raw materials are becoming more common. Reflecting a growing impatience with the foot-dragging pace of monetary reform in Russia, the European Community (EC) has imposed a 60,00…
Toronto exchange surpasses records
The value of shares traded so far this year on the Toronto Stock Exchange topped $100.4 billion, breaking the previous yearly record of $100.3 billion set in 1987. This year, the Toronto Stock Exchang…
Lihir partners sign new agreement !@DATELINE=VANCOUVER
Partners in the Lihir gold project in Papua New Guinea plan topool their interests and form a publicly traded company to develop the play. The partners currently include 80%-owner RTZ (NYSE) and Niugi…
ODDS’N’SODS — The Jogran staking rush (2)
The morning dawned dark and foggy. Lake Superior was living up to its reputation without question. It was clear that neither a helicopter nor an airplane would be of much use. With so many witnesses p…
THE DIAMOND PAGE — More kimberlites discovered in Northwest
Three Alberta-listed juniors — Tanqueray Resources, Fibre-Klad Industries and Mill City Gold Mining — have discovered three separate kimberlite pipes at Yamba Lake in the Northwest Territories. The …
STOCK MARKETS — Base metals among losers in lacklustre week
Gold bobbed around in the neighborhood of about US$350 per oz. during our report week (ended Sept. 28) and the gold equities more or less held their ground. Typical of the week were American Barrick, …
COMMENTARY — SX-EW development continues
The extraordinary activity of the past decade in solvent extraction-electrowinning (SX-EW) development continues. In early 1993, at least 10 projects were under development, and another 12 had advance…
Redfern hits Tulsequah sulphides
An initial phase of surface drilling on the Big Bull area of the Tulsequah Chief project in northwestern British Columbia has returned massive sulphide intersections. Redfern Resources (TSE) hopes to …