Sikaman to start up Cerro Mayal
The Cerro Mayal gold mine in Argentina is scheduled to enter production this month. Sikaman Gold Resources (TSE) expects to process 35 million cubic feet of gravel per year, initially. From that, abou…
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LAST BUT NOT LEAST… — T & H exploring near Damoti Lake
Toronto-listed T & H Resources is exploring a 627-hectare gold property at Damoti Lake, within the prospective Indin Lake Greenstone Belt, 175 km northwest of Yellowknife, N.W.T. The BR-2 property, as…
More gold is reported at Damoti Lake project
Further assay results from drilling at the Damoti Lake property, 150 km north of Yellowknife, N.W.T., have extended the previously discovered gold zone to the north. Athabaska Gold Resources (TSE), op…
OPINION — The changing world of finance
Four basic positive factors are driving change in the world of finance and will continue to shape events for years to come: technology, globalization, deregulation and demographics. The most important…
Salaries of top executives to become public knowledge
Major changes in Ontario securities regulations will require companies to disclose, individually and by name, the compensation paid to each of their top executives. “These changes put Ontario in the f…
LETTERS TO THE EDITOR — Golden Bear gold mine continues in
The article “Troubled past is no longer an albatross around Golden Bear’s neck” (T.N.M., Sept. 20/93) did not mention Wheaton River Minerals, which owns 85% of North American Metals, owner of the Gold…
ODDS’N’SODS — Wind claimed northern pilot
Some peoples’ lives are altered drastically or fatally by a strong gusting wind. This story concerns one such accident which occurred on a summer’s day at a small rail station on the CN Rail line, 75 …
PRODUCER PRICES (October 25, 1993)
ALUMINUM: MW U.S. market US51.50-52.25 cents per lb. (Oct. 7, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 199…
NEWS ROUNDUP — New receiver for Faro assets
A new court-appointed interim receiver has been appointed for the Faro mine assets of Curragh (TSE) in the Yukon. Peat Marwick Thorne has replaced Deloitte and Touche, which was being partially funded…
Ariel acquires three properties
Costa Rican gold producer Ariel Resources (VSE) has acquired three additional properties at the northern end of the Central American country’s Gold Belt. The properties, named Boston, Gongolona and An…
Placer Dome to develop Zaldivar
A Chilean company held equally by Placer Dome (TSE) and Outokumpu Copper Resources will build a solvent extraction-electrowinning plant at the Zaldivar project in Chile. Placer Dome says the plant, wh…
Grouse Creek on-stream in late 1994 — Great Lakes buys slice
In a bit of a twist from the norm, junior company Great Lakes Minerals (TSE) has signed a deal with New York-listed Hecla Mining, a senior producer, to fund part of the development of Hecla’s Grouse C…