Odds ‘n’ Sods — Block carving at Helen
The first “block carving” at the Helen mine of Algoma Steel was in a block of siderite ore measuring 500 ft. long, 250 ft. wide and 300 ft. high. Situated under an open-pit floor, the block contained …
News
Royalstar drilling Honduran project
A first phase of drilling is being completed by Royalstar Resources (VSE) at the Clavo Rico gold concession in southern Honduras. Royalstar recently sampled sheared and brecciated andesite volcanic ro…
Bronzewing enters production
The booming gold industry in Australia has spawned a series of major discoveries in recent years, one of the better ones being the Bronzewing mine of Great Central Mines (NASDAQ) which recently entere…
OBITUARY — Mario de Bastiani
A pioneer in the Canadian uranium industry through his involvement in the development of the town of Elliot Lake, Ont., and the startup of Consolidated Denison Mines in 1955, Mario de Bastiani, P. Eng…
LETTERS TO THE EDITOR — Keep mining in Canada, but at what
The vast majority of workers in the mining industry, myself included, agree that the taxation of mines should be competitive with the rest of the world. But in other parts of the world, what are the c…
Mining lease issued for Lihir
The government of Papua New Guinea (PNG) has granted a special mining lease for the Lihir gold project, clearing the way for construction to begin during the second quarter. The project, on Lihir Isla…
East Africa Gold negotiates placement
Vancouver-listed East Africa Gold has concluded negotiations for a private placement of up to 1.8 million units at $1.35 each. A unit consists of a share and a warrant entitling the holder to buy an a…
Spot prices at a glance (March 27, 1995)
Week’s Price (US) Change Gold* $381.40 – $5.20 Silver* $4.58 – $0.15 Platinum* $412.25 – $10.50 Nickel** $3.36 – $0.05 Lead** $0.27 + $0.01 Copper $1.34 + $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaba…
Gold Funds (March 27, 1995)
BGR Central Net Value $16.22 $6.59 Price $14.00 $7.0 Discount 13.68% Premium 6.2% Value $126,905,000 $126,695,100…
STOCK MARKETS — Bond selloff results in modest TSE gain
A bond selloff late in the week held the Toronto Stock Exchange to a modest gain during the 5-day report period ended March 21. The composite 300 index rose 55.65 points to close at 4,246.19. The sell…
TORONTO STOCK EXCHANGE INDICES (March 27, 1995)
— 1995 — Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 High Low Composite”300″ 4246.19 4249.78 4228.00 4225.62 4218.84 4257.81 3983.34 Metals&Minerals 3955.58 3954.34 3951.72 3951.56 3926.66 4337.89 3273.56 In…
LATIN AMERICA SPECIAL — Placer Dome advances Latin American
Ongoing exploration by Placer Dome (TSE) is enhancing the potential of the company’s 70% owned Las Cristinas gold project in Venezuela’s Kilometre 88 district. “We are still drilling at Las Cristinas …