Major General evaluates Hammerdown deposit
An evaluation report estimates the Hammerdown deposit in Newfoundland could produce 225,000 oz. of payable gold at a cost of US$131 per oz., over a 3-year period. The deposit, situated on the Rendell-…
News
MINING IN AFRICA SPECIAL — Golden Star expands African
Through a subsidiary, Golden Star Resources (TSE) will explore a newly acquired gold prospect in western Ethiopia, about 800 km from the capital, Addis Ababa. The Dul permit area is one of several gol…
Westmin updates reserves
Year-end reserves at the Myra Falls mine near Campbell River, B.C., were slightly higher than in the previous year-end period, reports owner Westmin Resources (TSE). The proven and probable geological…
MINING IN AFRICA SPECIAL — Argosy reports recovery of three
Progress is reported by Argosy Mining (VSE) from its joint-venture diamond project in southeastern Africa. Argosy is in the second year of a 4-year exploration program in Zimbabwe and Tanzania. This y…
Cyprus, Ogy cut more gold
Follow-up drilling by Cyprus Canada and Ogy Petroleums (TSE) has intersected additional gold mineralization on their Fenelon A project in the Casa Berardi region of northern Quebec. The 4-hole program…
PEOPLE — BLUE EMERALD
Derek Bartlett appointed president and chief executive officer; John Harvey and James Stewart appointed directors; Richard Nemis appointed chairman.
TSE Short Positions (February 06, 1995)
Semi-monthly reports as of Jan 15, 1995 showed 244,193,506 shares of 792 issues compared with 226,878,791 shares of 799 issues on Dec 31, 1994. Larger individual positions included: Aber 111,940, up 4…
CORPORATE TRENDS — Expanding, modifying Harjavalta
The 50-year-old Harjavalta copper and nickel works in eastern Finland are being expanded and modified. The owner, Outokumpu, plans to increase the copper smelting and electrolytic refining capacity by…
New ventilation for Campbell
A new heating, ventilation and air-conditioning system will save Placer Dome a bundle of money at its Campbell gold mine in northwestern Ontario. The gold producer figures it will save $220,000 annual…
April conference set for Juneau
The Alaska Miners Association is planning its Conference Juneau 1995 for April 19-21 in Juneau, Alaska. Titled “Redefining the arena for the minerals industry in the 21st century,” the conference will…
Companies make deals near Lebel-sur-Quevillon
Several companies continue to make deals involving ground in the Lebel-sur-Quevillon camp of northwestern Quebec. Wiscan Resources (TSE) and Sharpe Energy & Resources (VSE) have jointly acquired 56 cl…
PRODUCER PRICES (January 30, 1995)
ALUMINUM: MW U.S. market US97.5 cents-98.5 per lb. (Jan. 13, 1995). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …