NEWS ROUNDUP — Eden Roc drills at Anuiri mine
By drilling on its gold project in Ivory Coast, Eden Roc Mineral (TSE) hopes to be able to confirm reserves and thereby triple production. Eden Roc has a 68% interest in Societe des Mines d’Afema, own…
News
NEWS ROUNDUP — Annabel options Wyoming gold play
Vancouver-listed Annabel Gold Mines (VSE) can earn a half interest in the Carissa property in Wyoming from Hol-Lac Gold Mines (CDN). The property consists of 12 patented lode claims and five patented …
COMMENTARY — Oversupply just won’t go away
Base metal markets remain seriously oversupplied and the situation is worsening. Inventories of metals, particularly on the London Metal Exchange, continue to climb relentlessly with new all-time inve…
ODDS’N’SODS — Reviving the pioneer spirit of Canada’s early
Mining camps have evolved through the years from single-person tent camps to bunk-house dwellings, from small town sites to the “fly-in/fly-out” operations of today. All systems for sheltering crews p…
LETTERS TO THE EDITOR — Beware of pessimists, investors
The editorial comments and letters to the editor published in the Aug. 16 issue of The Northern miner require a response. The editorial comments of “silence” failed to note that BHP and Dia Met have i…
THE DIAMOND PAGE — More drills are turning in Lac de Gras
Drilling is finally under way in the Humpy Lake region east of Lac de Gras, N.W.T. On Aug. 25, Pure Gold Resources (VSE) activated rigs on the Humpy No. 2 claim block, where the company will drill-tes…
Richmont acquires Camflo mill
For a nominal cash consideration and a commitment to cover eventual reclamation liabilities estimated at about $1.3 million, Richmont Mines (ME) now has its own gold mill. It is the old 1,400-ton-per-…
Open pit may be expanded at the Dome gold mine
At the Dome gold mine near Timmins, Ont., a feasibility study is in the works to determine the economics of expanding the open pit. It should be completed in the fourth quarter. Also under considerati…
STOCK MARKETS — Flatness of TSE reflects static bullion
Another quiet week for gold bullion prices — the spot price hovered for most of the week at about US$371 per oz. — was also reflected in a flat Toronto Stock Exchange gold and silver index. It ended…
TSE INDICES (September 06, 1993)
— Week — Aug 31 Aug 30 Aug 27 Aug 26 Aug 25 High Low Composite”300″ 4137.55 4138.76 4133.40 4115.60 4122.92 4144.37 4099.73 Metals&Minerals 3109.19 3120.93 3095.43 3111.50 3139.23 3160.91 3080.06 In…
Spot prices at a glance (September 06, 1993)
Week’s Price (US) Change Gold* $371.80 + $0.05 Silver* $ 4.83 + $0.08 Platinum* $381.50 $5.40 Nickel** $ 2.05 $0.04 Lead** $ 0.17 $0.00 Copper $ 0.89 $0.01 Zinc $ 0.39 $0.01 Courtesy of Scotiabank. In…
Minera plans more drilling at Chilean copper project
Results of a 56-hole program at the Sierra Valenzuela project in northern Chile indicate the presence of extensive copper mineralization with potentially economic grades and dimensions. The core, rota…