EDITORIAL PAGE — Lining up at the trough
Something has gone wrong with the government process currently reviewing a proposal to mine diamonds in the Northwest Territories.The review and public hearings are supposed to focus on the environmen…
News
THE DIAMOND PAGE — Diamonds produced at Mazaruni
Partners Mazaruni Minerals (ASE) and Exall Resources (TSE) have started producing diamonds on the Mazaruni placer diamond operation on Guyana’s Mazaruni River.A dredge is taking bulk samples in three …
THE DIAMOND PAGE — Earnings, dividends rise for De Beers
South African diamond mining group De Beers increased its earnings and dividends in 1995.De Beers Consolidated Mines and De Beers Centenary recorded a combined 11% increase in attributable earnings fo…
Spotprices at a glance
Spot prices at a glanceWednesday, March 6, 1996Price (US)Week’s ChangeGold*$393.60-$4.10Silver*$ 5.36-$0.10Platinum*$406.35-$1.65Nickel**$ 3.45-$0.14Lead**$ 0.34-$0.01Copper $ 1…
Index (March 11, 1996)
Aber ResourcesAdrian Res.Altai Res.Archangel DmndArchon Min.Arequipa Res.Armada GoldAshanti GldfldsAthabaska GldAtlasAtna Res.Auckland Expl.Bakyrchik GoldBarrick GoldBarrick Res.Battle Mtn GoldBlack H…
Financing (March 11, 1996)
Cambior — 8,000,000 shs @ $20.875 per sh.Golden Star Resources — 1,750,000 Units consisting of one Common Sh and one-half of one Common sh Purchase Wt @ $10.50 per Unit.Corriente Resources — 761,40…
Yukon Gold raises funds to explore land package in Yukon Territory
Junior Yukon Gold (VSE) has arranged a brokered private placement of 1.5 million special warrants at a price of $2 each.The special warrants will be exercisable into one common share and half a non-tr…
Royal Gold, High Desert form Crescent Valley JV
Another joint venture in the Crescent Valley of central Nevada is getting ready to explore for gold. Royal Gold (NASDAQ) and High Desert Mineral Resources (VSE) have formed a company, Royal High Deser…
Drilling expands Paron
An updated reserve estimate is being prepared for Arequipa Resources’ (TSE) Paron gold property in northern Peru.The recalculation follows infill and delineation drilling conducted on a tabular, outcr…
Drilling planned for Alliger West
Drills are about to turn at the Alliger West claim block, 75 km north of the Voisey’s Bay copper-nickel-cobalt discovery in Labrador.Ownership of the property is shared equally among Athabaska Gold Re…
Silver-tin deposit confirmed for Sunshine
Drilling is confirming the existence of a large, disseminated silver-tin deposit at the Pirquitas property in northwestern Argentina.Sunshine Mining & Refining (NYSE) reports that mineralization occur…
Tan Range set to explore in Ethiopia
The government of Ethiopia has granted Tan Range Exploration (TSE) the exclusive right to explore a 210-sq.-km mineral licence.The agreement covers exploration for gold on the Ilagere Mariam and Tulu …