Belore exits United Reef joint venture
Unable to raise additional capital, Belore Mines (ASE) has terminated a joint-venture agreement with United Reef (TSE)concerning two alluvial diamond properties in the Central African Republic.The com…
Articles by Northern Miner Staff
Princeton ups Elenita resource
The Elenita oxide copper project in northern Chile is nowestimated to contain an in situ resource of 9.1 million tonnes grading 1.57% copper.Owner Princeton Mining (TSE) arrived at the estimate after …
Adrian makes new discoveries
Drilling on the Petaquilla concession in Panama is turning up some new discoveries for Adrian Resources (TSE).In the Nada area, the company is outlining a semi-massivesulphide zone with values of up t…
Cambior expands Omai gold mine
Definition drilling has enabled Cambior (TSE) and Golden Star Resources (TSE) to boost proven and probable reserves by 13.9 million grams at the Omai gold mine in Guyana.The new material, consisting o…
FACTS & FIGURES — Deferred taxes — debunking myths
The Canadian media have, of late, focused attention on deferred taxes. Special interest groups and political organizations out to criticize spending cuts have targeted deferred tax balances as an exam…
PEOPLE — GRANGES (May 22, 1995)
Paul Wright appointed vice-president of operations and project development.
Gold mining industry report points to worrisome trend
The growth experienced in the U.S. gold mining industry during the 1980s and early 1990s has levelled off, with the rate of production now reported at just under 11 million oz. per year.Significant in…
Ivan glitches lead to loss for Minera
Production disruptions at the Ivan copper mine in Chile account for the first-quarter loss of $191,000 experienced by Minera Rayrock (TSE).At the annual meeting in Toronto, President David Crombie tol…
PEOPLE — POTASH CORP. OF SASKATCHEWAN
William Doyle appointed executive vice-president; Rod Wilson appointed vice-president of sales; James Bubnick appointed senior vice-president, potash operations; Garth Moore appointed senior vice-pres…
Gold Funds (May 22, 1995)
Gold Funds as of May 16BGRCentral .TNet Value$17.25$6.66Price$14.38$6.625 Discount16.65%0.5% Value$134,841,000$119,907,863…
Arauco begins trenching at Guindo
A large-scale trenching program is about to begin at Arauco Resources’ (VSE) Guindo gold property in southern Chile.To date, geochemical sampling and hand-trenching haveidentified at least five minera…
STOCK MARKETS — Labrador play sends waves throughout western markets
Western markets cooled over the reporting period ended May 16, 1995, with the Vancouver Stock Exchange resource index edging up 4.08 points to 1,302.61 while the composite index tacked on 1.84 points …