Sales of rough diamonds through DeBeers’ Central Selling Organization (CSO) were 28% higher in 1993 than in the previous year, DeBeers reports. Sales for the year were US$4.4 billion compared with US$…
San Andreas Resources (TSE) is preparing an updated reserve estimate for its Prairie Creek mine property, 300 miles west of Yellowknife, N.W.T. The company expects to release the information in Januar…
Hardly a few days old, the new year picked up where the old one left off. Gold fever struck investors as bullion prices broke through the US$395-per-oz. resistance level. And gold seems poised to brea…
Semi-monthly reports as of Dec 15 showed 70,209,457 shares of 792 issues compared with 68,969,728 shares of 792 issues on Nov 30. Larger individual positions included: Aber 128,800; Agnico-Eagle 136,1…
London Metal Exchange Spot closing prices in $US per tonne Date Jan. 4 Jan. 3 Dec. 31 Dec. 30 Dec. 29 Copper 1732-1733 N/A N/A 1807-1808 1799-1800 Lead N/A 468-469 N/A 486-487 472-473 Zinc N/A 996-997…
Exploration is winding down on properties near Placer Dome’s Mt. Milligan copper-gold deposit in central British Columbia. Noranda Exploration carried out a program on the Mitzi property in June and J…
Production at Cameco’s (TSE) Eagle Point mine in Saskatchewan could begin as early as this summer, following approval from a federal environmental assessment panel. “All we’re waiting for now is feder…
Deep-wedged drilling will resume in January on the St. Marcel property in the Eastern Townships area of Quebec. Earlier this year, a vertical hole was drilled to test a one-mile-wide-by-5-mile-long ma…
Bulk sampling, as well as more exploration and development, is planned for the Beaufor gold project 16 miles northeast of Val d’Or, Que. The bulk sampling, say 50-50 partners Louvem Mines (TSE) and Au…
Junior Adrian Resources (VSE) released assay results for eight holes drilled on its Petaquilla property before a break in field operations over the Christmas season. The Panamanian copper project is h…
Gold lost its pivotal position in the international monetary system in August, 1971, when the U.S. formally suspended the dollars convertibility into gold. But even though it has lost its significance…
The Canadian mining industry lost its queen bee of prospecting with the death of Viola MacMillan. She was 90. MacMillan was president of the Prospectors and Developers Association of Canada for 21 yea…
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