PEOPLE — AREQUIPA
Chet Idziszek appointed president and chief executive officer.
News
Cambiex offering to raise $10 million
Montreal-listed Cambiex has filed a final prospectus for a public offering of 12.5 million units at 80 cents each. A unit consists of one common share and one half common share purchase warrant. Each …
Memorial at Kirkland Lake
After six years of work by artists and fundraising efforts, a Miners’ Memorial was unveiled recently at Kirkland Lake, Ont., which is celebrating its 75th anniversary. The president of local 4584 of t…
Polaris tops salary list
The wealthiest community in Canada is the Polaris mine site on Little Cornwallis Island in the Arctic, according to Statistics Canada. The federal government agency says that the median income in 1992…
DIAMOND PAGE — Crystallex gets permits for Albino
Through a wholly owned operating subsidiary in Venezuela, Crystallex International (VSE) has obtained all permits necessary to begin mining on its Albino concession in the Kilometre 88 district. Venez…
EDITORIAL PAGE — Selling off our future
The official line from Ottawa has it that the Department of Finance is continuing its shameful gold selloff — another 276,000 oz. were sold in June — because “they (gold bullion) don’t make returns …
DIAMOND PAGE — Correction
The recent agreement between De Beers Consolidated Mines and junior companies Mill City Gold Mining (VSE) and Tanqueray Resources calls for De Beers to subscribe for $2 million in common shares of Mil…
Toronto Stock Exchange Indices (August 01, 1994)
— 1994 — Jul 26 Jul 25 Jul 22 Jul 21 Jul 20 High Low Composite “300” 4149.90 4159.02 4176.16 4172.59 4181.74 4609.93 3518.31 TSE 100 Index 250.35 250.75 252.08 251.79 252.57 277.47 238.43 Metals&Min…
METAL PRICES — FREE MARKET (August 01, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date July 26 July 25 July 22 June 21 July 20 Copper 2479-2480 2520-2522 2506.5-2507.5 2531-2532 2533-2534 Lead 576.5-577.5 583-584 575.5-576….
Int’l Gold sells U.S. properties
To focus exploration efforts outside of North America, International Gold Resources (TSE) is selling its two advanced projects in Idaho. At the Humbug property, a “geological resource” of 27 million t…
Sutton drilling in Tanzania
Tribal conflict in Rwanda is not affecting the pace of work on the Kabanga and Kagera projects in neighboring Tanzania, reports Sutton Resources (TSE). Partner BHP Minerals is carrying out a US$4-mill…
NEWS ROUNDUP — Canmine drilling continues
Three holes, drilled on 100-metre centers, have been completed on Canmine Resources’ (ASE) Fer base metal property in northern Manitoba. A fourth, 100-metre stepout hole is under way. The three holes …