Mariquita funding
Development will soon begin on the Mariquita copper deposit in northwestern Mexico. A Mexican company held 49% by Cominco Resources International (TSE) and 51% by Empresas Frisco will acquire the depo…
News
Musto accepts MIM offer
The Bajo de la Alumbrera gold-copper deposit has been given the green light. Meeting in Toronto, officials from International Musto Explorations (TSE) and MIM Holdings announced they have agreed to de…
EDITORIAL PAGE — The digital nightmare
The age of the computer was supposed to have delivered us from the mountains of paperwork generated by our obsolete, pre-Information Age technologies. That deliverance seems decades away yet. If anyth…
Strong VSE trading trend continues into 1994
Market trading maintained its strength and stock prices rose on the Vancouver Stock Exchange (VSE) in January as the volume and value of shares traded surpassed December figures. Overall, the market c…
Dome, Detour expansions approved
Expansion plans have been approved for the Dome and Detour Lake gold mines in northern Ontario. The Canadian unit of Placer Dome (TSE) plans to spend $150 million to increase production and lower cost…
U.S. MINING REPORT — La Teko acquires True North ground
By acquiring the True North gold property, La Teko Resources (VSE) is expanding its holdings near Fairbanks, Alaska. The junior is gaining 2,800 acres from Amax Gold Exploration by paying $1.6 million…
U.S. MINING REPORT — Carolina Slate Belt draws attention of
The discovery of a 17-lb. gold nugget in Cabarrus Cty., N.C., in 1799 heralded the first U.S. gold rush. It quickly led to the first thriving gold-mining camp of the Slate Belt and the first in the co…
U.S. MINING REPORT — Potential of Latin America attracts
A growing number of U.S. miners are supplementing their domestic production from operations in at least eight Latin American countries. Chief among these are Chile, Mexico, Bolivia, Peru, Brazil, Guya…
El Abra hits snag
A deal that would have Lac Minerals (TSE) and Cyprus Amax Minerals (NYSE) buy a majority stake in the Chilean El Abra copper deposit has hit a snag. The deal will be delayed pending the resolution of …
Chinese gold demand on the rise
Early signs of market instability and economic overheating have triggered another speculative runup in China’s gold demand, revealed by renewed hoarding of gold jewelry in major Chinese cities. Many r…
ODDS’N’SODS — Mine rescue remembered
In the summer of 1993, I was manning a tourist office in our village when an extremely lame man and his wife came in. After exchanging a few pleasantries, he asked, “Do you know a George Wallace who l…
Hemlo ups earnings and Holloway reserves
Underground tests have confirmed the grade, continuity and minability of the Holloway gold project in northeastern Ontario. Geological reserves of the Lightning zone have risen to 5.2 million tonnes a…