BHP Minerals filing plan of operations
Australian mining giant Broken Hill Proprietary is proceeding at full speed in the race to develop Canada’s first diamond mine. The company, through subsidiary BHP Minerals Canada, is earning a 51% in…
News
Asia Minerals, Royal Oak take on Chinese venture
A gold project in northeastern China is providing a new focus for Asia Minerals (ASE), a junior which has evaluated several projects in that country. The latest is a joint venture that allows the comp…
Reynolds selling Aussie gold assets
New York-listed Reynolds Metals has retained a securities firm to help sell its remaining gold mining assets in Australia. The assets include mines in the Marvel Loch and Southern Cross areas, the Mt….
THE DIAMOND PAGE — Yamba Lake diamond exploration results
The Lac de Gras region of the Northwest Territories was back in the spotlight as results were released of a mini bulk sample from the Yamba Lake joint venture of Tanqueray Resources (ASE) and Mill Cit…
GOLD FUNDS (September 05, 1994)
BGR Central Net Value $17.27 $6.73 Price $15.75 $7.50 Premium 11.4% Discount 8.81% Value $140,331,000 $121,811,596…
Louvicourt mine on track, first concentrates shipped
With the first shipment of copper concentrates having been delivered last month, the Louvicourt copper-zinc-gold operation appears to be safely on track. The deposit, near Val d’Or, Que., is being dev…
EDITORIAL PAGE — The necessity of going global
To remain a force in this business, a gold mining company must face the relentless challenge of replacing the reserves it mines. The task is especially daunting for majors that surpass the production …
STOCK MARKETS — TSE composite index climbs, gold price
The Toronto Stock Exchange composite 300 index managed an almost 70-point gain during the 5-day period ended Aug. 30, closing at 4333.71. During the period, gold climbed $3.65 to close in London at US…
PRODUCER PRICES (September 05, 1994)
ALUMINUM: MW U.S. market US71.5-72.5 cents per lb. (Aug. 25, 1994). ANTIMONY: MW New York dealer US$2.35-2.50 per lb. (July 21, 1994). BISMUTH: MW New York dealer US$3.75-4.25 per lb. (July 28, 1993)….
COMMENTARY — Managing the uncertainties
The copper industry cannot be called the master of its fate. To a great extent we’re at the mercy of forces over which we have little control, such as the world economy and political situations in ind…
Pan American acquiring silver project in Mexico
An agreement to acquire the Pedernalillo tailings project in Zacatecas, Mexico, gives Pan American Minerals (TSE) another potential silver producer. The purchase price was not released, although Presi…
Commodity index in seasonal decline
Commodity prices drifted seasonally lower in early summer and helped to pull down the Bank of Nova Scotia’s commodity price index by 2% in July. Gains in the metal-and-mineral and oil-and-gas sub-inde…