STOCK MARKETS — Yellow metal sings the blues
The Toronto Stock Exchange fell sharply over the report period ended June 11, dragged down by plummeting resource stocks. The TSE 300 composite index lost 118.19 points or 2.3%, falling to 5,106.32. G…
News
Accident claims life in Kyrgyzstan
A Canadian man was killed in early June in an industrial accident in Kyrgyzstan.Kevin Lane, of Edmonton, Alta., was killed when he fell 12 metres while working at the Kumtor mill. The mill is part Cam…
Settlement reached in Midas claim dispute
A lawsuit regarding the overstaking of claims near Midas, Nev., has been resolved.Under the terms of the settlement, the Midas joint venture, a 50-50 partnership between Franco-Nevada Mining (FN-T) an…
STOCK MARKETS — Gold takes the fall in western markets
As the price of gold tumbled to its lowest level in 15 months, a widespread selloff of junior mining stocks hampered western markets over the report period ended June 11.The Vancouver Stock Exchange c…
New study scales back Red Chris
Partners American Bullion Minerals (ABP-T) and Teck (TEK-T) are reviewing a scaled-down version of their prefeasibility study of the Red Chris copper-gold project in northwestern British Columbia.Teck…
Production exceeds expectations at Eagle River
With Hemlo just down the road, any mine would look small by comparison. But the Eagle River gold mine of River Gold Mines (RIV-T) ranks high in every other respect.The Northern Miner joined a large ga…
Band-Ore firms up Thorne
With 12,000 metres of drilling now completed, Band-Ore Resources (BNDR-C) has traced the gold-bearing zones at its Thorne property along a 300-metre strike length.New results from the property, 10 km …
Procoloro Res. drills gold targets at El Valle
A 10-hole diamond drill program is about to start at El Valle, a 93-hectare concession acquired by Procoloro Resources (PCH-M) in Colombia.The property adjoins La Arenosa, an advanced property with a …
Meetings (June 17, 1996)
MEETINGSJune 17, MonarchJune 17, QueenstonJune 19, Bema GoldJune 19, Cusac GoldJune 19, JoutelJune 19, Major GeneralJune 19, ProfcoJune 19, SolitarioJune 19, TiominJune 20, Chance MiningJune 20, Crown…
El Callao cranks up production at Lo Increible
Small-scale mining operations are under way at the Lo Increible project in Venezuela.El Callao Mining (ECM-V) reports it is mining roughly 4,000 tonnes of ore per month from the Victoria deposit for p…
Canmex plans more drilling for Boleo
Drilling at the Boleo project in Baja California Sur, Mexico, will test the potential extension of a sedimentary-hosted zone of copper-cobalt mineralization.Canmex Minerals (CMX-V) plans to drill eigh…
ODDS’N’SODS — The improvising miner
People connected with open-pit mining are familiar with the Bucyrus-Erie Corporation (B-E) as the builders of the world’s largest shovels and draglines.In the 1930s, B-E manufactured a line of low-wei…