Wheels of production beginning to turn
Although the recession has been termed “officially” ended, we in the mining services industry can find little comfort in recent statements to this effect from politicians and economists, neither of wh…
News
LETTERS TO THE EDITOR — Assay accuracy not linked to cost
It is disappointing to see that, for some, cost of analysis is still the indicator of the accuracy of that analysis; that is, the more it costs, the better the result must be. I refer to the front-pag…
Safety committee reports
. . . An in-depth brief was presented (in 1992) to the Ontario Workers Compensation Board (WCB) concerning the calculation of the earning basis (benefits to be paid to the injured worker). Our brief e…
Environmental policy
The CDDA is committed to the protection of human health, safety and the natural environment; to comply with environmental regulations; to maintain equipment, premises and drill sites in environmentall…
INVESTMENT COMMENTARY — Gold markets spurring new interest
Senior gold producers have benefited the most from the recent run-up in gold prices, and with price-to-earnings (and cash flow) ratios becoming somewhat rarefied, the market has started to come round …
STOCK MARKETS — Toronto gold index volatile as bullion
Gold continued to rally during the week ended May 18, adding US$15 to US$375.25 per oz. in New York and pushing the Toronto Stock Exchange’s gold and silver index up 6.6% to a new 52-week high of 8717…
STOCK MARKETS — Gold’s rise offsets jitters over VSE
The Vancouver Stock Exchange was back in the news again as provincial government officials ordered an independent review of the Exchange and the securities commission. The government believes the VSE …
Skyline arranges exploration funds
A reactivated Skyline Gold (TSE) has arranged financing to cover $720,000 of exploration programs for 1993. The programs, to be financed by the private placement, are in addition to a $250,000 program…
Azco arranges financing for Sanchez copper mine
Recent financing arrangements have set the stage for Azco Mining (TSE) to bring the Sanchez operation into production in southeast Arizona. The copper project is one of three held by the company in th…
CDDA membership on rise
The association and the diamond drilling industry have weathered another trying year. In 1992, the association saw a general 17% drop in membership over 1991. Already, this year has begun to show a ma…
Noranda hits base metals along Wollaston U belt in northern
A 3,700-metre winter drill program in the Foster Lake area of northern Saskatchewan has yielded significant zinc and copper values for Noranda Exploration, a division of Noranda (TSE). At Hewetson Lak…
COMMENTARY — Looking overseas for work
It is a double-edged sword that now hangs over the Canadian diamond drilling industry. By working hard, we have earned a worldwide reputation for high standards and efficient production. However, this…