Producers budget $75 million to promote gold
The World Gold Council, the Geneva-based association that promotes the yellow metal on behalf of member companies, couldn’t have picked a better week to hold its first institutional investment forum i…
News
Large porphyry copper deposits drawing attention
Copper has always played an important role in British Columbia’s metal mining industry, consistently accounting for the lion’s share of the province’s yearly metal production on a dollar-value basis. …
Arimathaea hits new high on strength of new chairman
Hopes that Graham Lacey will be able to do for Arimathaea Resources (TSE) what he has done at Washington-based Nycal Corp. recently drove the price of Arimathaea shares to a new yearly high of $2. The…
Mixed results from Northern Abitibi
A drill program completed on Northern Abitibi Mining’s (ASE) gold property in northwestern Quebec, under option to Inco (TSE) and Vior (ME), has returned mixed results. All six holes collared to test …
Vananda reports reserve increase
Following a review of drilling results from a program completed earlier this year, Vananda Gold (VSE) has increased its estimate of preliminary reserves on the Little Billie mine to 195,000 tons gradi…
Interest rate drop boosts Falco
Lower metal prices and reduced sales from Falconbridge’s Kidd Creek zinc-copper-silver mine combined to diminish the company’s first-quarter operating income by $5.5 million. Falconbridge is a wholly …
New data on mineral-rich region
Reconnaissance scale stream sediment and water data covering a vast segment of southeastern British Columbia will be released later this month by the province’s Ministry of Energy, Mines and Petroleum…
New law forces MAPAO changes
At its recent annual meeting in Toronto the Mines Accident Prevention Association of Ontario (MAPAO) celebrated 60 years of progress in Ontario’s mining industry. The immediate forerunner of MAPAO wa…
Contract ratified at Mines Gaspe
Workers at Noranda Minerals’ (TSE)Division Mines Gaspe in Quebec have voted 79.8% in favor of a new, 3-year collective agreement effective May 28. The new contract provides for an 18.8% wage increase…
Commodity prices decline in April
Declining metals prices contributed to a lower all-commodity price index in April, Scotiabank reported from Toronto. The index fell by 0.9% in April after a slight gain in March. Gold, sulphur and co…
Trimin sitting on cash
The sale of its 32.9% interest in the Hanson Lake copper-zinc- silver property in northern Saskatchewan boosted earnings for Trimin Resources (TSE) to $7.3 million for the year ended Feb. 28, 1991. Th…
Verde gold project on track in Chile
Development of the Refugio gold property in Chile is proceeding as planned. Bema Gold (TSE), 50% owner of the property, recently released a positive feasibility study calling for a 33,000-ton-per-da…