News


Athabaska tallies Nicholas tonnage

Having recently carried out underground drilling at the Nicholas Lake property near Yellowknife, N.W.T., Athabaska Gold Resource (TSE) is recalculating the resource. Intersected widths ranged up to 59…


PRODUCER PRICES (November 28, 1994)

ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Nov. 11, 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)…



Mixed results for Pegasus

Higher revenues were somewhat offset by higher cash operating costs and lower total gold production for Pegasus Gold (TSE) during recent months. For the third quarter, Pegasus earned US$832,000 on rev…


Bre-X extends gold zone

A second phase of drilling continues to expand the potential of the Busang gold project in East Kalimantan, Indonesia. In addition, operator Bre-X Minerals (ASE) reports that mapping work has extended…


NEWS ROUNDUP — Western Copper in Mexico

Intent on acquiring the copper property known as El Salvador, Western Copper (TSE) is venturing into central Mexico. The junior can earn a full interest by spending US$1.5 million on exploration over …


Expansion planned at Porgera

A $77-million expansion plan has been approved for the Porgera gold mine in Papua New Guinea (PNG). Vancouver-based Placer Dome (TSE) holds an 18.9% interest in the joint venture. Among the other part…


Metall on road to recovery

Three factors — higher metal prices, production from two new mines, and the purchase of an interest in a smelter — helped strengthen Metall Mining’s (TSE) performance in the third quarter. The compa…


Derivatives revolutionize gold markets, says author

Timothy Green, author of The World of Gold, has kept a close eye on gold markets for much of the past three decades. That was a relatively easy task years ago, he says, when it was a straightforward p…


Ridgeway deal nixed

The Ridgeway gold mine in South Carolina is back on the auction block following the announcement that Kinross Gold (TSE) and Kennecott Minerals have terminated their negotiations. In October, Kinross …


Eldorado boosts La Colorada tonnage

Development drilling at La Colorada mine property near Hermosillo, Mexico, is proving successful for owner Eldorado (TSE). The proven and probable mineral resource is now estimated at 12 million tons …


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