ODDS ‘N’SODS — My first job promotion
I toiled hard and endlessly in the junior ranks of mines and often wondered when I would qualify for a posting to the upper echelon. Then one day I was summoned to the Big Office. The boss looked over…
News
THE DIAMOND PAGE — BHP Minerals launches mine feasibility
Canada could become the world’s newest diamond producer in early 1997 — assuming positive results are reported in a feasibility study on properties held by BHP Minerals and Dia Met Minerals (TSE) in …
Homestake active in Venezuela
San Francisco-based Homestake Mining (NYSE) is planning exploration and drilling for several newly acquired gold properties 25 km northwest of Venezuela’s Kilometre 88 district. Through a bidding proc…
STOCK MARKETS — Heavy trader Tenajohn slides 70 cents on
Western markets took it on the chin over the week ended May 10, despite a rebound in gold to US$380 per oz. The Vancouver Stock Exchange resource index lost more than 30 points to close at 1,044.91, w…
Chase amends option on Philippine company
An option to acquire a 59.9% interest in the Philippine company Taysan Copper has been amended to the benefit of Chase Resource (TSE). The amendment extends to May, 1997, the deadline for the final pu…
Juniors continue land grab in Fort MacKay region
Several juniors are continuing to add to their land positions near Fort MacKay in northeastern Alberta. Interest in the region began growing last spring after Focal Resources (ASE) announced that it h…
Pegasus growth tied to international plays
Growth in reserves and output is the name of the game in the gold mining business. Pegasus Gold (TSE) plans to achieve this growth by combining grassroots exploration with participation in advanced de…
Reserves on rise at Bronson Slope
A review of drilling data has resulted in higher reserves for the Bronson Slope gold-copper porphyry deposit on the Iskut River property in northwestern British Columbia. Based on a computerized polyg…
Commodity price index declines
After rising for several months, The Bank of Nova Scotia’s commodity price index declined by 1.1% in March. A substantial drop in agricultural prices and a smaller decline in forestry products and oil…
Armistice raises project financing
Proceeds from a rights offering amount to about $1.1 million for Armistice Resources (ME), after commissions and expenses. More than 7.2 million shares were bought at 18 cents per share in the over-su…
LETTERS TO THE EDITOR — Mining’s contribution often
I read with interest your article on Cameco getting the green light for production of its Eagle Point and Collins A and D zones (“Rabbit Lake gets federal OK,” T.N.M., April 4/94). Sometimes our indus…
Vancouver hosting IPMI
The 18th International Precious Metals Conference will take place June 12-15 in Vancouver, B.C. The theme of the conference, hosted by the International Precious Metals Institute (IPMI), will be “prec…