EDITORIAL PAGE — Engineering some respect
Except for the period of the Industrial Revolution, mining through the ages has seldom been in the good books of society as a whole. The Roman poet Ovid around the time of Christ wrote of those “wicke…
News
Metall’s German parent struggling as financial problems
The financial woes at German mining giant Metallgesellschaft (MG) continue to mount and, with its mounting difficulties, speculation is rife over the future of MG’s 50.1%-owned Canadian subsidiary, Me…
Goldcorp exercises Orvana warrants
For investment purposes, Goldcorp (TSE) recently exercised warrants to buy 1.1 million shares of Orvana Minerals (TSE) at 40 cents per share. Goldcorp now holds 6.7 million Orvana shares. In addition,…
Spot prices at a glance (January 17, 1994)
Week’s Price (US) Change Gold* $394.00 – $7.20 Silver* $ 5.11 – $0.12 Platinum* $387.25 – $9.75 Nickel** $ 2.59 + $0.20 Lead** $ 0.22 + $0.01 Copper $ 0.80 + $0.01 Zinc $ 0.45 $0.00 Courtesy of Scotia…
Fort Knox acquires Chibougamau properties
Two base metal properties north of Chibougamau, Que., have been acquired by Fort Knox Gold Resources (TSE). The De Maures and Regnault properties are within the Frotet-Evans greenstone belt which is a…
No mega-projects for Amazon basin
Brazil will stop huge development projects in the Amazon basin and turn instead to smaller-scale efforts which are less harmful to the environment, President Itamar Franco announced recently. Franco’s…
Nymex enjoys a banner year
Metals futures trading in 1993 on the New York Mercantile Exchange (Nymex) jumped 19% over 1992 activity. The majority of those trades involved platinum futures (up 13%). The number of palladium futur…
PEOPLE — WILANOUR RESOURCES
Michael Werner appointed president and director.
PEOPLE — MIDAS MINERALS
Charles McMillan appointed director and chairman; John McKimm appointed president, chief executive officer and director.
Sampling at Keylock’s Slovak property yields gold
Favorable results have been obtained from preliminary exploration of Keylock Resources’ (ASE) gold property in the Slovak Republic. The program consisted of mapping, trenching, channel and chip sampli…
Thunderwood options Buchans
Thunderwood Resources (TSE) has optioned a property adjoining the past-producing Buchans base metal mine in west-central Newfoundland. The 279-claim property comprises 11,030 acres and covers the know…
Private placement for Shore Gold Fund
Saskatoon, Sask.-based Shore Gold Fund (ASE) has completed a private placement of 1.4 million shares at 25 cents each and issued an additional 483,549 shares at the same price. Proceeds will be used t…