ICI pioneers blasting system
A new approach to blasting has led to a 25% increase in productivity, ICI Explosives Canada says. The company’s Underground Bulk Systems essentially provides a method for transporting new bulk explosi…
News
STOCK MARKETS — Western markets stage a modest rebound
Western markets managed to halt their slide and rebound slightly over the report period ended July 5, at a time when the gold price held steadily at the US$387-per-oz. level. The Vancouver Stock Excha…
Delgratia active in Nicaragua
Through a wholly owned subsidiary, Delgratia Developments (VSE) has opened an office in Managua to explore and develop six recently acquired properties in Nicaragua. The ground comprises 2,892 sq. km …
Orvana exploring Butte Highlands
Exploration is under way on the Butte Highlands gold property in Montana. Owner Orvana Minerals (TSE) plans to carry out 10,000 ft. of reverse circulation drilling and 15,000 ft. of diamond drilling. …
INSIDER TRADING — Wheaton River officers buy and sell
Three senior officers of Wheaton River Minerals (TSE) bought and sold shares in May. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Visco Jutronich exercised 151,000 opt…
TSE INDICES (July 11, 1994)
— 1994 — Jul 5 Jul 4 Jul 1 June 30 Jun 29 High Low Composite”300″ 4053.56 4053.56 n/a 4025.25 4028.20 4609.93 3518.31 Metals&Minerals 3660.06 3637.87 n/a 3569.93 3562.25 3879.59 3273.56 Integrated M…
PRODUCER PRICES (July 11, 1994)
ALUMINUM: MW U.S. market US69.5-70.5 cents per lb. (June 23, 1994). ANTIMONY: MW New York dealer US$1.60-1.80 per lb. (June 23, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993)…
Hedman signs Saudi marketing agreement
As part of its plan to develop export markets, Alberta-listed Hedman Resources has concluded a territorial agreement with Contemporary Trading Establishment (CTE), a Saudi Arabian agent. The agreement…
Gold-silver values at La Poposa
Junior Argentina Gold (VSE) has released final assay results from trenching on the Poposa property in San Juan, Argentina. In total, 1,800 chip samples were collected from the 11.8-km program, complet…
El Callao Mining confident of Lo Increible’s potential
Gold explorer El Callao Mining (VSE) is pleased with results to date from drilling on its Lo Increible No. 4 concession in Venezuela. The junior is earning up to a 70% interest in the property, which …
Goldcorp boosting production
With interests in three gold mines and plans to expand gold production, Goldcorp (TSE) has risen above the ranks of the juniors to achieve intermediate-size status. The increase in the company’s pro f…
BHP reports $1.3-billion profit
The largest company in Australia, BHP, enjoyed record net profits of A$1.3 billion (US$924 million) for the fiscal year ended May 31. The result was an increase of 29.6% over the previous year and a r…