Drilling increasing fortunes of La Fortuna
Drilling by San Fernando Mining (VSE) has increased both the strike and dip length of the established zone on La Fortuna, a gold-silver-copper project in Mexico’s Durango state. Work by previous opera…
News
LAST BUT NOT LEAST — EMF posts profit for fiscal 1993
The investment firm of European Mining Finance (EMF) is out of the red and into the black. The company, based in London, England, and registered in Bermuda, made a net profit of $751,175 in fiscal 199…
Mexican government’s initiatives bear fruit — Eldorado
The opening of a major open-pit gold mine in this historic mining village is expected to pay big dividends in the local economy. It is the first mine to open in the district since 1916 and, to celebra…
OECD output bolsters markets
Strong industrial production in most member nations of the Organization for Economic Co-operation and Development continues to bolster base metal markets, while uneasiness over social issues in Russia…
Atlas purchases Granges shares
Australian miner MIM Holdings plans to sell its 12.7 million shares of Granges (TSE) to Atlas (NYSE) at a cash price of $4 per share. The shareholding represents a 37% interest in Granges, which, in t…
ODDS’N’SODS — Mine financing in the 1800s
Most of the mines now abandoned in the hills and mountains of Arizona, as well as those that are a part of open-pit operations, required outside financing to operate. Few miners had the money to opera…
PDAC database
The Prospectors and Developers Association of Canada (PDAC) is keeping a database which lists students who are seeking either summer jobs or permanent positions in mining. On file at the PDAC office i…
OBITUARY — Stanley Hoffman
One of Canada’s foremost applied exploration geochemists, Stanley Hoffman, has died in Vancouver from chronic diabetes. He was 47. A native of Montreal, Hoffman graduated in geology from McGill Univer…
DIAMOND PAGE — Saskatchewan’s Candle Lake play catches the
Exploration in Saskatchewan is turning up a few more diamonds for partners War Eagle Mining (VSE) and Great Western Gold (VSE). Although results to date are low in comparison with those reported from …
Challenger pursuing new acquisitions
Vancouver-listed Challenger Minerals is looking to expand its property holdings. The junior is evaluating a gold property in the Battle Mountain Trend of Nevada and several large gold projects in Burk…
Spot prices at a glance (May 09, 1994)
Week’s Price (US) Change Gold* $374.50 + $0.15 Silver* $ 5.21 + $0.04 Platinum* $396.75 + $3.95 Nickel** $ 2.53 + $0.15 Lead** $ 0.21 + $0.01 Copper $ 0.89 + $0.03 Zinc $ 0.42 + $0.01 Courtesy of Scot…
STOCK MARKETS — Yellow metal offers little direction
Both the Vancouver Stock Exchange resource and composite indexes drifted sideways over the week ended May 3. The composite index edged down 4.56 points to 1,075.52 while the resource index managed a 2…