Placer Dome’s output rises 46% in quarter
First-quarter gold production for Placer Dome increased by 46% (TSE) to 337,000 oz., compared with 230,000 oz. in the comparable year-earlier period. New mines not in production a year ago added 120,0…
News
Alberta Stock Exchange Storimin gains 12 cents
A handful of junior gold mining stocks managed to shake their lethargy and post modest gains for the week ended May 15. Among the advancing issues was Storimin Explorations which holds a 50% stake in …
Vancouver Stock Exchange Prime to spend $24 m. in Arch
With gold prices still hunkered down well below the US$400 threshold, trading activity in Vancouver remained at modest levels with most of action generated by Murray Pezim’s Prime group of companies. …
Noramco options B.C. copper-gold bets
Two Noramco group companies recently entered into agreements allowing Noramco Mining (TSE) to earn interests in two separate copper-gold projects near Nelson, B.C. Golden Lake Resources (VSE), which h…
New projects mean new challenges for Cominco
The challenges involved in starting several new operations dominated the recent annual meeting of Cominco (TSE). President Robert Hallbauer told shareholders that the company was applying its consider…
Cambior acquiring 100% of Chimo mine
Gold producer Cambior (TSE) has reached an agreement to purchase the 50% interest in the Chimo mine it does not own from Societe Miniere Louvem (TSE). Cambior will pay about $6.4 million for Louvem’s …
PEOPLE INGERSOLL-RAND
Daniel Kletter elected vice-president. He also remains president of the company’s Construction Equipment Group.
Denison has loss in first quarter
Improvements at Denison Mines’ (TSE) uranium operations at Elliot Lake, Ont., were offset by a number of other factors including lower oil and gas production during the three months ended March 31. As…
PEOPLE ACADEMY RESOURCES
Ted Yardley appointed to the Board of Directors.
LETTERS TO THE EDITOR Noranda clarifies `tin suit’
For the record, your April 23 issue referred to “Tin suit fails” in which it was indicated that Noranda lost its suit against the federal government over the International Tin Council affair. In fact,…
Third Eskay zone boosts neighbors
Recent drilling by Prime Explorations below the 21B and 21A zones on the Eskay Creek project north of Stewart, B.C., has encountered a new and discrete mineral zone that lies well beyond existing rese…
Newmont Gold sales record for quarter
North America’s largest gold producer Newmont Gold (NYSE) had a record quarter with gold sales from its Australian and Carlin, Nev., mining operations of 395,700 oz. That represents a 46% increase on …