COMMENTARY – Fiat money must be abolished
Almost all bank profits are unearned and result from fiat money. What services do commercial banks in the U.S. provide that add value to people’s lives? For the most part, they provide cheque clearing…
News
LETTER TO THE EDITOR — Geostats provide one piece of estimation puzzle
This discussion is written as a continuation of the ongoing debate of resource estimation and, in particular, geostatistics.I take issue with the endless commentary, arguments and opinion about the va…
Gold Funds (August 30, 1999)
Gold Funds as of August 19, 1999BGRCentralNet Value$13.515.51Price$8.90$5…
Manhattan hits more sulphides
Manhattan Minerals (MAN-T) has released more encouraging drill results from the TG-3 copper-zinc-gold-silver target, part of its Tambo Grande project in northern Peru.The company is earning a 75% inte…
Corner Bay finds sweet spot
Infill drilling at the Alamo Dorado property in Sonora state, Mexico, is proving up what could become an open-pit, heap-leach silver mine.Corner Bay Minerals (BAY-T) collared nine reverse-circulation …
EDITORIAL — Last legal gasp — Coveting Hemlo
It has been said of Murray Pezim that he sometimes forgot who his real friends were, a failing not uncommon in people who need the stroking an entourage provides. But he always knew who his enemies we…
Index (August 30, 1999)
CareersClassifiedCommentaryDiamond PageDividendsDrillersEditorialInvestment CommentaryLetter to the EditorMetal PricesNew HorizonsProfessional DirectoyStock MarketSubscription Services…
Aber reports delay, higher mine costs
A final feasibility study indicates that the development of Canada’s second diamond mine will cost $405 million more than expected and require an additional year to complete.In anticipation of a decis…
Exchange Rates (August 30, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 24Aug. 23Aug. 20Aug. 19Aug. 18…
Grades still consistent at Red Lake
Delineation drilling at the Red Lake mine in northwestern Ontario continues to confirm the grades and widths measured in earlier drilling.Goldcorp (G-T) has been delineating mineralization below the m…
Low gold prices take toll on Glamis
Low gold prices caused Glamis Gold (GLG-N) to rack up a US$2.7-million loss in the recent second quarter (or 3 cents per share), compared with a loss of US$131,000 (nil per share) in the corresponding…
Viceroy buys gold mine Down Under
Viceroy Resource (VOY-T) is acquiring the Bounty gold mine and related tenements in Australia from Forrestania Gold, a wholly owned subsidiary of Toronto-based LionOre Mining International (LIM-T).The…