Glamis extends Eldorado offer
The battle for control of Eldorado (TSE) shows little sign of letting up.Glamis Gold (TSE), which launched a takeover bid for the Bermuda-based company in early June, has extended the deadline for its…
News
COMMENTARY — Growth potential seen in Venezuelan mining sector
In 1993, the international mining investment community committed more than $200 million to Venezuela. Since then, uncertain political and financial circumstances have caused investors to become wary, …
ODDS’N’SODS — Assessing diamond discoveries
Simple, straightforward and to the point. And much, much better late than never.We are describing the new guidelines for public reporting of diamond exploration results, resources and reserves, which …
Murray Pezim’s illness prompts changes at Prime
The admission to hospital of mining promoter Murray Pezim is not expected to slow down his flagship company, Prime Equities International (VSE).The Vancouver-based businessman underwent abdominal surg…
PRODUCER PRICES (July 17, 1995)
ALUMINUM: MW U.S. market US84-85 cents per lb. (June 30, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CADMIU…
Gold Funds (July 17, 1995)
Gold Funds as of July 11BGRCentralNet Value$18.02$6.57Price$14.13$6.625Discount21.62%Premium0.8%Value$140,904,000$119,907,863…
Akie drilling hits sulphides
Drilling on the Akie project in northern British Columbia has intersected 32.7 metres of massive and semi-massive pyrite-sphalerite-galena mineralization interbedded with argillaceous sediments.Assay …
Western nickel demand set to grow further
Over the past two years, demand for Western World nickel has expanded by almost 20%, and this trend is expected to continue, according to a study by AME Mineral Economics entitled Gearing for Growth.T…
Globex encouraged by Duquesne West results
Drilling by Santa Fe Canadian Mining has returned a 35.1-ft. intersection grading 1.56 oz. gold per ton (0.51 oz. cut to 1 oz.) from Globex Mining’s (ME) Duquesne West property in Quebec’s Duparquet T…
Conversion of Weights and Measures (July 17, 1995)
1 troy ounce = 31.1 grams1 kilogram = 32.15 troy ounces1 kilogram = 2.2046 pounds1 (metric) tonne = 1,000 kilograms1 (metric) tonne = 2,204.6 pounds1 (short) ton = 2,000 pounds1 (metric) t…
Holmer expands Loma Hierro
As one of the first Canadian mining companies to take on projects in Cuba, Holmer Gold Mines (ASE) intends to continue concentrating its efforts in the Carribbean nation, despite the disapproval of so…
NEWS IN BRIEF (July 10, 1995)
Canadian Comstock Explorations (CKX:VSE) has changed its name to American Comstock Explorations (AEK:VSE) on a 1-new-for-4-old-share basis.