EDITORIAL PAGE — Reducing risk through hedging
Mining is a risky business.Sometimes the risk takes the form of an operational surprise. In other instances, it may be an exciting drill hole that turns up empty. Still other risks include volatile me…
News
STOCK MARKETS — Precious metals lack lustre; Diamond Fields near $60
The gold price continued to trade sideways and the silver price tumbled during the report period ended May 9. On more upbeat news, the Dow Jones Industrial Average (DJIA) in New York continued to asto…
Battle Mountain posts profit
On the strength of higher gold production from the Kori Kolla mine in Bolivia, Battle Mountain Gold (NYSE) posted a profit for the first quarter.Net income was US$2.5 million which, after a preferred …
Meetings (May 15, 1995)
May 23, Antilles – general, extraordinaryMay 23, Cominco Res Int’l – annual, specialMay 23, Gold Trump – annual, generalMay 23, Northern Dynasty – annual, generalMay 23, Pangea – generalMay 23, Pinnac…
Operations improve at Red Dog
An ore deposit measuring 85 million tons grading 17.1% zinc, 5% lead and 2.4 oz. silver per ton with a stripping ratio of less than 1-to-1 is enough to excite even the most pessimistic of miners.Those…
Wheaton River plans program
The proceeds of a $2.5-million private placement will be used by Wheaton River Minerals (TSE) to increase the scope of exploration and development this summer at the Golden Bear mine in northwestern B…
EDITORIAL PAGE — Happy Mining Week!
Rarely do mining organizations in Canada have cause to celebrate the actions of a political leader. Nevertheless, cheers are being heard across the country for Anne McLellan, who has persuaded the Gov…
GeoNova tests two properties
Three gold structures and other targets at the Diomines and Diomines Extension properties in northwestern Quebec were tested during the 1995 winter drill campaign.GeoNova Explorations (ME) reports tha…
DIAMOND NEWS ROUNDUP — Bulk sampling set to wind down at Diavik joint venture
The influx of warmer weather is expected to signal an end to the mini-bulk sampling program on the A-154 kimberlite pipes.The Diavik property, situated in the Lac de Gras area of the Northwest Territo…
Triton finds Nicaraguan assets ripe for the picking
The economic reforms initiated five years ago in this then-war-torn country have ushered in a climate of relative stability and security. As state-owned mines and other assets became privatized, forei…
Gencor on CIM agenda
South African mining house Gencor will be featured in an address at the May 25 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum.Brian Gilbertson, executive …
Glamis nixes merger with Golden Queen
A proposed merger of two Toronto-listed companies Golden Queen Mining and Glamis Gold will not proceed.Glamis decided against the amalgamation despite a positive due diligence review of Golden Queen’s…