News


Sunshine posts reduced loss

Higher silver prices, and consequently higher revenue, helped Sunshine Mining (NYSE) reduce the loss posted for the third quarter of 1994. The company had a net loss of US$2.9 million on revenue of US…


Aquaterre options Georgia

Junior Aquaterre Mineral Development (VSE) has acquired half of the Georgia River property in northwestern British Columbia. Previous work outlined a drill-indicated and inferred resource of 304,000 t…



PEOPLE — BISMILLAH

Raymon Mabanta, Celissa Ma, Willy Ramussen and J. Woods appointed directors.


PEOPLE — SWANNELL

John Mooney appointed vice-president and director; Shirley Mooney appointed director.


Joint project studies phenomenon of rockbursts

For centuries, one of the biggest dangers in mining has stemmed from the potential instability of the openings in which miners work. Often, the collapse of these structures is attributed to a phenomen…


EDITORIAL PAGE — Babbitt and the American Dream

U.S. Interior Secretary Bruce Babbitt has been a vocal critic of the 1872 Mining Law on the grounds that the statute allows mining companies (even foreign ones) to buy government land for a mere US$5 …


Funds available for granite plant

Ontario government funding totaling $1.2 million has been awarded to Malette Granite of Iroquois Falls to help establish a granite processing plant and to hire and train employees. A $500,000 term loa…


NEWS IN BRIEF (November 21, 1994)

Lodestar Explorations (LSI:VSE) has changed its name to Precision International Resources (PLO:VSE) on a 1-new-for-5-old-share basis.


Canarc drilling returns gold values

Toronto-listed Canarc Resource is pleased with drill results from its Polaris-Taku property in northwestern British Columbia. Initial results are all from the C Vein, including on-strike stepout holes…


PRODUCER PRICES (November 21, 1994)

ALUMINUM: MW U.S. market US90.5 cents-91.5 per lb. (Nov. 3, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 29, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994)….


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