BASE METALS SPECIAL — Yuma eyes copper mine
An agreement with a Chilean individual sets the stage for Yuma Gold Mines (YUM-V) to acquire the Sierra Miranda copper mine, 50 km northeast of Antofagasta.The mine was previously owned by a unit of A…
News
Procoloro Res. drills gold targets at El Valle
A 10-hole diamond drill program is about to start at El Valle, a 93-hectare concession acquired by Procoloro Resources (PCH-M) in Colombia.The property adjoins La Arenosa, an advanced property with a …
STOCK MARKETS — Gold takes the fall in western markets
As the price of gold tumbled to its lowest level in 15 months, a widespread selloff of junior mining stocks hampered western markets over the report period ended June 11.The Vancouver Stock Exchange c…
Settlement reached in Midas claim dispute
A lawsuit regarding the overstaking of claims near Midas, Nev., has been resolved.Under the terms of the settlement, the Midas joint venture, a 50-50 partnership between Franco-Nevada Mining (FN-T) an…
ODDS’N’SODS — The improvising miner
People connected with open-pit mining are familiar with the Bucyrus-Erie Corporation (B-E) as the builders of the world’s largest shovels and draglines.In the 1930s, B-E manufactured a line of low-wei…
New study scales back Red Chris
Partners American Bullion Minerals (ABP-T) and Teck (TEK-T) are reviewing a scaled-down version of their prefeasibility study of the Red Chris copper-gold project in northwestern British Columbia.Teck…
Garimpeiros teach Ambrex the ABCs of mining in Brazil
In some gold camps, the old miners are the stuff of legend. In the Brazilian interior, the “old miners” live down the road and have young families. And now they are being joined by mining companies th…
Production exceeds expectations at Eagle River
With Hemlo just down the road, any mine would look small by comparison. But the Eagle River gold mine of River Gold Mines (RIV-T) ranks high in every other respect.The Northern Miner joined a large ga…
DIAMOND PAGE — Results reported for the 5034 kimberlite
Processing of part of a 100-tonne bulk sample from the 5034 kimberlite at the AK property in the Northwest Territories has yielded mixed results.The 24.6-tonne portion was found to contain a grade of …
EDITORIAL PAGE — Equities, aging and the corporate agenda
Canadian equity markets have had a good run so far this year, notwithstanding the bout of skittishness that clipped more than a few dollars from the share price of some highflyers in recent weeks.Reso…
PRODUCER PRICES (June 17, 1996)
MetalPriceALUMINIUMComposite free market US67 cents per lb. (June 11, 1996).ANTIMONYU.S. producer, US$1.88 per l…
GREATEST VALUE TRADED, June 5-11
ExValue($000s)HighLowCloseChangeBRE-X MnrlsT50433…