San Andreas ups project reserves
San Andreas Resources (VSE) has updated preliminary reserves at the Prairie Creek project to about 3.2 million tons grading 13.4% lead, 15.6% zinc and 6.2 oz. silver per ton. San Andreas can earn a 60…
News
Moneta to drill at Godfrey Twp.
Drilling will resume in Godfrey Twp., near Timmins, Ont., where Falconbridge intersected a 1.5-metre interval grading 82.2 grams gold per tonne at a depth of 115 metres. Under an agreement with Falcon…
EDITORIAL PAGE — Curragh’s decline
For Curragh Resources, the Westray coal mine in Nova Scotia was to have been a cash-flow buffer when its Faro, Y.T., operations inevitably suffered through price troughs in zinc and lead. Westray, ins…
COMMENTARY — Capital investment dips, manufacturers ponder
It is cash flow that ultimately pays for construction, equipment and the acquisition of new machinery that, in turn, enable companies to expand production and grow. In manufacturing, there is an 18-mo…
Sigma catches its second wind
There is a blight on the famed gold belt of northern Quebec and northern Ontario. There are too many miners and too few jobs. This is not news to anyone who knows the region; it has been a fact of lif…
Canadian systems on exhibit at trade show in Germany
Canada will be well represented at next month’s Geotechnica trade show for geosciences and technology in Cologne, Germany. The country will, in fact, be the second-largest foreign exhibitor, with more…
Activities report available
The annual Report of Activities (1992 edition) is available at mining recorders’ offices across Ontario. Featuring 107 pages of maps, charts and articles, the Report contains a record of mining, devel…
Praxair wins safety awards
A gas supplier to Canadian mines, Praxair Canada of Mississauga, Ont., has won two major safety awards from the Compressed Gas Association of Arlington, Va. The Leonard Parker Pool Safety Award honors…
Hecla sets safety record
A safety record has been set by Hecla Mining. The company’s Republic gold mine in northeast Washington state experienced no lost-time accidents in all of 1992. In fact, the last accident resulting in …
Amax advancing Guanaco mine
The Guanaco mine in northern Chile is gearing up, with a Merrill Crowe processing plant recently constructed. Amax Gold (NYSE), 90% owner, expects the heap-leach operation to start producing in April …
Bema reworks debt terms
Bema Gold (TSE) wants to extend the term of its $5.6 million in convertible debentures. The company is proposing a 2-year extension on the maturity date to May 31, 1995, retaining the original 9% coup…
LATIN AMERICA ROUNDUP — Hillsborough drilling Mexican
Drilling is under way on Hillsborough Resources’ (TSE) El Oro property, 115 km northwest of Mexico City. The first hole, 93-01, averaged 4.24 grams gold per tonne and 43.4 grams silver over 9.3 metres…