Canadians have made progress but still have a long way to go when it comes to exploiting diamonds, according to two analysts who spoke at the recent Manitoba Mining, Minerals and Petroleum Convention….
A fundamental shortfall of supply over demand will cause the price of gold to rise in 1994 and 1995, according to Goldbook ’93, published by London-based T. Hoare & Co. Echoing this prediction is Rhon…
NovaGold Resources (TSE) is completing sampling, geophysics and geochemistry on its 70%-owned Pine Cove property, near Baie Verte, Nfld. Samples from the Romeo-Juliet structure have assayed as high 35…
A portion of Jordex Resources’ (VSE) previously announced private placement will not proceed. Instead, an aggregate of 500,000 common shares will be issued at 50 cents per share. The $250,000 raised w…
The Canada Labour Relations Board has found that both Royal Oak Mines (TSE) and Local 4 of the Canadian Association of Smelter and Allied Workers (CASAW) bargained in bad faith during labor negotiatio…
Increased production is expected from the Ruby mine, a placer-gold deposit in Grass Valley, Calif. So far, about 47 tons ore averaging just over 0.2 oz. gold per ton have been produced from two new ar…
Drill results from the Dewey property in Idaho’s Thunder Mountain district continue to impress USMX. The NASDAQ-listed company optioned the property earlier this year and can buy it outright for US$5 …
Following the recent bid by Lac Minerals (TSE) and Cyprus Minerals (NYSE) for a 51% stake in Chile’s El Abra copper deposit, Inco (TSE) has thrown its hat into the ring. At a meeting in Toronto, Inco …
The first four holes of a 15-hole reverse circulation program at the Pederson (formerly San Bernardino) project in Bolivia returned assays in line with surface and underground sampling. Orvana Mineral…
Limited production has resumed at the Myra Falls base metals mine near Campbell River, B.C. Westmin Resources (TSE) suspended production earlier this year because of a labor dispute which is still ong…
In a recent article in Time magazine on mine reform legislation in the U.S., the industry south of the border (along with the Canadian contingent of companies) was portrayed in a negative light. The r…
Reflecting an improved outlook in the general economy, some base metals appear to be entering a stable period. Mine producers, especially the high-cost ones, are seriously setting about reducing outpu…
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