News

Inquest recommends change in Macassa mining method

Governments and the mining industry should consider providing miners with special locating devices, a coroner’s jury has recommended. The jury conducted an inquest at Kirkland Lake, Ont., after miners…



Spot prices at a glance (July 18, 1994)

Week’s Price (US) Change Gold* $384.85 $0.90 Silver* $405.22 $0.10 Platinum* $407.75 + $0.25 Nickel** $402.84 + $0.07 Lead** $400.27 + $0.01 Copper $401.10 $0.02 Zinc $400.44 + $0.01 Courtesy of Scoti…


GOLD FUNDS (July 18, 1994)

Gold Funds as of July 11 BGR Central Net Value $17.00 $6.80 Price $15.50 $7.25 Premium 6.6% Discount 8.82% Value $138,122,000 $131,219,925…


Positive results at Cross mine

Drilling and channel sampling are continuing at Hendricks Minerals’ (CDN) Cross gold-silver mine near Boulder, Colo. Two undeground and four surface holes have been drilled to test the downdip extensi…


COMMENTARY — Mining opportunities abroad

During the past five years, government policies have made it increasingly unattractive for mining companies to explore for and develop deposits in Canada, according to a brokerage firm based in the Un…


EDITORIAL PAGE — Shark!

Following last week’s surprise announcement that mid-tier gold producer Royal Oak Mines had launched a takeover bid for senior gold miner Lac Minerals, news reports likened Margaret Witte, the formida…



Maude reacquires interest in properties

Junior Maude Lake Gold Mines (CDN) is acquiring a 20% interest in properties near Matheson, Ont., previously optioned by Maude to Hecla Mining (NYSE) and Technigen. In return, Maude will issue more th…


Musto drilling

Australian base metal miner MIM and its partner International Musto Explorations (TSE) report that 8,000 metres of core drilling has begun on their Bajo de la Alumbrera porphyry gold-copper deposit in…



ODDS’N’SODS — Geco’s canoe-barge service

The Peterborough freight canoe served many purposes over the years and was a sturdy, adaptable craft used by mining operations throughout Canada. The Geco mine in Ontario was isolated in the early exp…


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