ODDS ‘N’ SODS — Good help is hard to find
The Paymaster gold mine, near Timmins, Ont., reopened in 1933 under the ownership of Paymaster Consolidated Gold Mines, after that company had acquired several adjoining properties.The master mechanic…
News
Romarco finds high-grade gold at Dixie
The Midas district of northern Nevada is known for hosting high-grade gold mineralization, and Romarco Minerals (R-T) is showing that its Dixie claims are no exception.While drilling the southern port…
Minorca to buy chunk of McWatters
Minorca Resources (MAR-T), flush with $67 million in cash once earmarked for its Indonesian projects (including a 60% financing of Askatindo Karya Mineral’s 10% share of the Busang gold bluff), will s…
Exall Resources reports rise in second-quarter revenue
The jointly owned Glimmer gold mine near Matheson, Ont., produced 6,258 oz.of the yellow metal in the second quarter and is on track to reaching full production during the fourth.Majority owner and op…
PEOPLE — CANYON RES. (September 08, 1997)
James Askew elected director.
PEOPLE — BUSHMAN RES.
Donald MacPhee appointed director and president.
Corporate success topic of next CIM luncheon
The elements of a successful mining company will be the topic of discussion at the next luncheon of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at 12 noon on Thursday, Sept. 1…
STOCK MARKETS — Mining-led VSE makes a turnaround in August — Market provides mixed bag for juniors working abroad
Led by mining issues, the Vancouver Stock Exchange composite index ended a 5-month slide in August by posting a 3% gain over the month of July. The mining indicator added 3% to its value during the mo…
GOLD FUNDS (September 08, 1997)
Gold Funds as of August 28, 1997BGRCentralNet Value$18.55$5.68Price$14.60…
Radisson Mining withdraws $15.5-million prospectus
Citing “unfavorable market conditions,” Rouyn-Noranda, Que.-based Radisson Mining Resources (rds-m) is withdrawing its current prospectus, which qualified the offering of its securities for a maximum …
LME WAREHOUSE LEVELS (September 08, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Sept.2/97 (change from previous week in brackets):MetalStocks (tonnes)Change…
COMMENTARY — Deforestation and mercury
Deforestation, rather than mining activity, is responsible for mercury exposure among villagers living downstream from an artisanal gold mining area along the Tapaj-s River in the Amazon Basin, accord…