Adrian makes new discoveries
Drilling on the Petaquilla concession in Panama is turning up some new discoveries for Adrian Resources (TSE).In the Nada area, the company is outlining a semi-massivesulphide zone with values of up t…
News
Cambior expands Omai gold mine
Definition drilling has enabled Cambior (TSE) and Golden Star Resources (TSE) to boost proven and probable reserves by 13.9 million grams at the Omai gold mine in Guyana.The new material, consisting o…
FACTS & FIGURES — Deferred taxes — debunking myths
The Canadian media have, of late, focused attention on deferred taxes. Special interest groups and political organizations out to criticize spending cuts have targeted deferred tax balances as an exam…
PEOPLE — GRANGES (May 22, 1995)
Paul Wright appointed vice-president of operations and project development.
Gold mining industry report points to worrisome trend
The growth experienced in the U.S. gold mining industry during the 1980s and early 1990s has levelled off, with the rate of production now reported at just under 11 million oz. per year.Significant in…
CIM adds salt to supper at Stratford
The Toronto branch of the Canadian Institute of Mining and Metallurgy is planning a field trip this fall to the Sifto salt mine at Goderich, Ont.The visit to the largest rock salt mine in North Americ…
EDITORIAL PAGE — Unsung heroes
Canada’s prospectors rarely get the respect they deserve for helping to make the mineral industry a cornerstone of thenational economy. The lot of the prospector is perhaps bestsummed up in Winston Ch…
Ivan glitches lead to loss for Minera
Production disruptions at the Ivan copper mine in Chile account for the first-quarter loss of $191,000 experienced by Minera Rayrock (TSE).At the annual meeting in Toronto, President David Crombie tol…
B.C. Government offer not enough for Royal Oak Mines
Following several meetings with the government of British Columbia, Royal Oak Mines (TSE) and Geddes Resources (TSE) have withdrawn their respective bids to acquire the Kemess South gold-copper projec…
CIM luncheon hosts Westmin
The May 26 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum will hear a presentation about Westmin Resources and its prospects.President Walter Segsworth …
GOLD FUNDS (May 15, 1995)
Gold Funds as of May 9BGRCentralNet Value$17.53$7.09Price$15.00$6.875Discount14.41%2.8%Value$137,025,000$124,432,688…
Spot prices at a glance (May 15, 1995)
Wednesday, May 10Price (US)Week’sChangeGold*$383.40-$5.40Silver*$5.48-$0.40Platinum*$435.50-$17.25Nickel**$3.15-$0.02Lead**$0.26-$0.01Copper$1.24-$0.01Zinc$0.46-…