Mapping planned in British Columbia
Field mapping in four regions of British Columbia is planned this summer by the province’s mines ministry. The surveys are to focus on base and precious metals in camps where reserves are being deplet…
News
Metallurgists to stage meeting
“Light metals” is to be the theme of this year’s meeting of the Metallurgical Society of the Canadian Institute of Mining, Metallurgy and Petroleum. Under discussion will be environmental and economic…
COMMENTARY — Home-grown political risk
The biggest challenge facing the mining industry today is its fierce battle with another industry — the industry of the preservationists, the professional (and elitist) organizations which exist only…
LATIN AMERICA ROUNDUP — Denyvan negotiates Nicaraguan deal
An interest in two Nicaraguan gold mines, La India and the producing El Limon, will be acquired by Denyvan Resources (ME) in a deal with Triton Mining, a private Vancouver company. To earn its interes…
Metal Prices — FREE MARKET (August 23, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Aug. 17 Aug. 16 Aug. 13 Aug. 12 Aug. 11 Copper 1938-1939 1935-1937 1968-1969 1941-1943 1924-1925 Lead 387-388 384-385 385-386 387-388 39…
Small gain in metals sub-index
The metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index edged up slightly in June, putting a halt to a 4-month decline. Economist Patricia Mohr reports that base metal price…
Placer Dome plans creation of separate Canadian unit
Toronto-listed Placer Dome is forming a separate unit to provide better management of its Canadian operations, which turned out 862,000 oz. gold in 1992. Douglas Fraser, former manager of the Porgera …
Mexican output keeps pace
The value of Mexico’s mining output (at current prices) was slightly higher in 1992 than in 1991. Mexico continues to produce more silver than any other country and last year ranked among the top 10 p…
Monk, Sikaman amend deal
An amended letter of agreement has been signed by Monk Gold Resources (TSE) and Sikaman Gold Resources (TSE) which allows the former to earn a 37.5% interest in the Sol Wood mine and a half interest i…
Sleeping Giant revived
The Sleeping Giant gold mine, 50 miles north of Amos, Que., has once again awoken from its slumber. Project partners Cambior (TSE) and Aurizon Mines (TSE), each with a 50% interest, started up the ope…
No silver linings evident in B.C. mining cloud
Plagued with uncertainty over its future, the British Columbia mining industry is urging the provincial government to demonstrate that it is interested in reviving the ailing sector. Government attitu…
Mine improvements boost Homestake’s quarterly output
Improvements at two key mines enabled Homestake Mining (NYSE) to produce a record 479,200 oz. gold during the quarter ended June 30. This represents a 4% improvement over gold production in the same p…