Cominco operations in the black
With the exception of the Glenbrook nickel operation in Oregon, all of Cominco’s (TSE) operations made money in 1995.Total operating profit for the year was $302 million, almost double the $172 millio…
News
U.S. government sues Idaho silver miners
The U.S. federal government is taking four mining companies to court over alleged environmental damage in the historic Coeur d’Alene mining district of northern Idaho.Asarco (NYSE), Sunshine Mining an…
Diadem releases drilling results
Drill logs and partial assays from the Pekan River property in Quebec are lending encouragement to Diadem Resources (ME).The results show that the four holes drilled on the property, 60 km south of Wa…
GOLD FUNDS (April 01, 1996)
Gold Funds as of March 21, 1996BGRCentralNet Value$23.04$6.83Price$19.00$7.000Discount17.53%2.5%Value$180,132,000$126,695,100…
Noble Peak to explore South African greenstone belt
Following a definitive agreement from the controlling shareholders of Eastern Goldfields Holdings, Noble Peak Resources (ASE) is poised to acquire all shares of the private, British Virgin Islands-bas…
Newmont and Sumitomo to join forces in S.E. Asia
Although still subject to a definitive agreement, Newmont Gold (NYSE) and Japanese-based Sumitomo plan to develop jointly the Batu Hijau copper-gold porphyry deposit on the Indonesian island of Sumbaw…
Companies (April 01, 1996)
Aber Res.Agate Bay Res.Amax GoldAntler Res.Aquiline Res.Arizona StarAsarcoAsquith Res.Ateba MinesAtlasBema GoldBHP MineralsCalco ResourcesCambiorCarson GoldCenturion MinesChase ResourceCntrl Asia Gdf…
Toronto to host fourth geoscience conference in ’97
The fourth International Conference on Mineral Exploration, held every 10 years, is scheduled for Sept. 14-18, 1997, at Toronto’s Metropolitan Convention Centre.The conference will focus on advances i…
Former U.S. Bureau of Mines goes private
Though the U.S. Bureau of Mines has been disbanded, former employees have formed a company to pick up where the government agency left off.Know as Mineral Information and Research Associates (MIRA), t…
Bema, Arizona Star expand Cerro Casale
Deep drilling on the Aldebaran property in north-central Chile is confirming the presence of a high-grade oxide deposit below the known Cerro Casale deposit.As a result, joint-venture partners Arizona…
Spot prices at a glance (April 01, 1996)
Wednesday, March 27, 1996Week’sPrice (US)ChangeGold*$400.00$5.30Silver*$ 5.69$0.19Platinum*$414.50$4.00Nickel**$ 3.79$0.07Lead**$ 0.37-0.04Copper $ 1.15$0.00Zinca$ 0.48-…
Cambior, Golden Star beef up Gross Rosebel in Suriname
New calculations have expanded the mineral reserve at the Gross Rosebel gold property in east-central Suriname to 24 million tonnes grading 1.4 grams gold per tonne, and partners Cambior (TSE) and Gol…