News

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…

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 …

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 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…

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…

In return for 25,000 common shares, Venezuelan Goldfields (VSE) will acquire the remaining 18% of a Venezuelan company which owns the Unin concession in the Kilometre 88 district. Vengold will then ow…

Week’s Price (US) Change Gold* $337.15 + $0.25 Silver* $ 3.79 $0.10 Platinum* $360.60 $1.15 Nickel** $ 2.73 $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.92 $0.05 Zinc $ 0.45 $0.00 Courtesy of Scotiabank. In…

No longer able to service its substantial debts, Curragh took shelter from its creditors during the week ended April 6. The zinc miner’s filing for court protection may signal the death of a company t…

The long odds of finding a potentially economic diamondiferous kimberlite pipe don’t appear to be daunting the growing number of junior companies now looking for such targets in North America. Western…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 6 Apr. 5 Apr. 2 Apr. 1 Mar. 31 Copper 1373-1374 1388-1389 1410-1411 1406-1407 1…

Semi-monthly reports as of Mar. 31, showed 61,066,784 shares of 662 issues compared with 67,018,621 shares of 655 issues on Mar. 15. Larger individual positions included: Aber 60,100, down 33,956; Ade…

Ontario prospectors found themselves defending the Kirkland Lake diamond play against an onslaught of negative commentary at a recent short course presented by the Prospectors and Developers Associati…