Cambior boosts gold output (February 14, 1994)
The Omai mine in Guyana contributed significantly to Cambior’s (TSE) overall production in 1993. The company reports a jump in output of 46%. The producer turned out 518,083 oz. last year, up from 354…
News
THE DIAMOND PAGE — Rhonda estimates diamond grade from small
Following drilling at its Snowden, Sask., joint-venture project, Rhonda Mining (ASE) reports that Hole 93-2 contained a 1.17-metre, bedded tuff unit averaging 52 carats per 100 tonnes, with a 0.5-mm c…
U.S. MINING REPORT — Nevada’s Carlin Trend supports numerous
One would be hard-pressed to name a richer North American gold mining complex than the Carlin Trend in Nevada. The Goldstrike property of American Barrick Resources (TSE) contains about 22.5 million o…
NEWS ROUNDUP — Kinross raises production
Toronto-based Kinross Gold (TSE) is increasing production at the QR mine near Quesnel, B.C. The daily rate will rise to 800 from 500 tonnes, as a result of the provincial government having approved an…
Hemlo ups earnings and Holloway reserves
Underground tests have confirmed the grade, continuity and minability of the Holloway gold project in northeastern Ontario. Geological reserves of the Lightning zone have risen to 5.2 million tonnes a…
Active trading year for CDN
The Canadian Dealing Network (CDN) more than doubled its trading volume in 1993. The over-the-counter exchange traded more than a billion shares, up from 404.5 million in 1992. Also on the rise was th…
Metal Prices (February 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 8 Feb. 7 Feb. 4 Feb. 3 Feb. 2 Copper 1871-1872 1871-1872 1867-1868 1894-1896 1911-1912 Lead 498-499 506-507 510-511 507-508 506-507…
U.S. MINING REPORT — Barrick plans for continued growth
The 1980s saw American Barrick Resources (TSE) grow from a single, small-producing mine to one of North America’s premier gold companies, with five operations. This growth should continue, as the comp…
U.S. MINING REPORT — IGR to option Burkina Faso bet
CDN-listed International Gold Resources can acquire 770 sq. km in Burkina Faso, West Africa. It can do so, subject to the government’s right to acquire a 10% interest, by making unspecified payments a…
Fording acquires Mexican wollastonite deposit
Deciding that carbonized vegetable matter is not everything, Fording Coal has bought a wollastonite property in northwestern Mexico. Through a wholly owned Mexican subsidiary, the Calgary-based compan…
LAST BUT NOT LEAST — Inter-Rock options South Carolina land
Junior Inter-Rock Gold (ME) is optioning seven properties near Jefferson, S.C. The 1,118-acre ground is immediately north of the past-producing Brewer gold mine. Recent exploration on one of the prope…
PEOPLE — SANTA FE PACIFIC (February 14, 1994)
Patrick James elected president and chief operating officer; Richard Zitting appointed chairman and chief executive officer.