News


Mobrun reserves up as production starts on schedule

The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…


Royal Oak expects production rise

Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…



LETTERS TO THE EDITOR — Vendors terminated option

I would like to bring your attention to an error in your Feb. 6 edition. In the “News Roundup” column on Page 3, in the story “Blue Emerald eyes yellow metal,” it is stated, in reference to the compan…


NRC seeks to increase spending on machinery

The machines that run Canadian industry are getting smarter, friendlier to the environment and more reliable, all because of collaborations with research and development bodies such as the National Re…


Accounting firm publishes survey for mining industry

Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…


Murgor to begin drilling on Barry Twp. property

Having completed magnetometer and induced-polarization (IP) surveys, Murgor Resources (VSE) reports that diamond drilling is finally under way on the Barry Twp. property in northwestern Quebec. The in…



Wheaton hits gold in Grizzly zone

Underground drilling at the Golden Bear mine in northwestern British Columbia continues to provide encouragement for Wheaton River Minerals (TSE) and North American Metals (TSE). All surface and under…


Spot prices at a glance (February 20, 1995)

Week’s Price (US) Change Gold* $376.90 + $2.10 Silver* $4.76 + $0.09 Platinum* $414.00 + $5.25 Nickel** $3.77 + $0.15 Lead** $0.26 + $0.01 Copper $1.31 + $0.03 Zinc $0.45 $0.00 Courtesy of Scotiabank….


Coeur’s Rochester receives award

The Rochester mine of Coeur d’Alene Mines (NYSE) has received an environmental award from the Nevada Association of Conservation Districts. The award, for “distinguished service to conservation,” was …


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