MINING IN MEXICO — Business centre opens doors
The Canada Business Centre opened its doors Sept. 1 in Mexico City. The Mexican operation is Canada’s first stand-alone trade centre. It provides Canadian business people with a “work place” other tha…
News
Gold Funds as of Oct 17
BGR Central Net Value $18.29 $6.78 Price $15.25 $7.00 Premium 3.2% Discount 16.64% Value $148,634,000 $126,695,100…
MINING IN MEXICO — Placer Dome no stranger to Mexico
A new gold rush is on, not in the storied mines of the Klondike but south of the Rio Grande, in Mexico’s mineral-rich ground. Thanks to a dramatic liberalization of Mexico’s policies on the mining sec…
METALS COMMENTARY — Producers planning new capacity
Having taken it on the chin in the recent recession, metals producers — and their customers — are bouncing back in championship style. By shedding non-core assets and reducing costs by remarkable pe…
MINING IN MEXICO — Penoles developing La Cienega project
Preparing La Cienega mine in the northwest of Durango state for underground production this year is the Penoles group. The project’s deposits sit in a 4-km-long system of quartz veins and host gold-si…
MINING IN MEXICO — Salinas in running to head WTO
Outgoing Mexican President Carlos Salinas de Gortari and former Italian trade minister Renato Ruggiero are the favorites to head the new World Trade Organization (WTO), diplomats said recently in Gene…
Windy Craggy phantom haunts CIM gathering
Halloween was still weeks away, but that did not prevent the ghost of Windy Craggy from stalking the District 6 annual general meeting of the Canadian Institute of Mining, Metallurgy and Petroleum (CI…
NEWS IN BRIEF (October 24, 1994)
Acheron Resources (ACZ: VSE) has changed its name to Abaddon Resources (ABA: VSE) on a 1-new-for-9-old-sh basis.
Franco-Nevada buys platinum royalty
Royalty-holder Franco-Nevada Mining (TSE) has paid US$2.25 million to South Africa-based Rustenburg Platinum for a 5% net profits interest royalty in that country’s Pandora platinum property. The depo…
STOCK MARKETS — Seasonal doldrums leave western markets
Western markets appear to have slipped into the fall-winter doldrums despite the considerable amount of exploration activity taking place in the Southern Hemisphere. Gold is not helping matters, altho…
Correction (October 24, 1994)
A report in our Oct. 17 issue incorrectly stated that Atlas (NYSE) will combine Granges (TSE), Hycroft Resources & Development (TSE) and Dakota Mining (TSE) into one company. Atlas does plan to initia…
COMMENTARY — Cooling the air at Coleman
If you can’t take the heat, get out of the mine. Or drive a ventilation shaft. Which is exactly what Coleman miners did in near-record time, without incident and under difficult conditions. “It was ki…