Louvem options Val d’Or properties
Montreal-based Louvem Mines (TSE) has optioned 102 claims northeast of Val d’Or, Que., from privately owned Gestion GMS and two other parties. The junior can earn a 50% interest in the claims by spend…
News
EDITORIAL PAGE — The native alliance
Some years ago, the mining fraternity viewed with trepidation the settling of any land claim between government and aboriginal groups. The industry worried that each such agreement would mean yet anot…
Caribgold newest player on Cuban gold exploration scene
Among the mining companies scrambling for land positions in Cuba are several new players, the latest being Caribgold Mines. The Barbados-based private company is headed by David Bell, well-known consu…
PRODUCER PRICES (September 06, 1993)
ALUMINUM: MW U.S. market US55.75-56.75 cents per lb. (Aug. 12, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
COUNTRY REPORT — CUBA AT A GLANCE
* Cuba has a population of about 11 million and a total land mass of 110,922 sq. km. It comprises the Island of Cuba (the largest in the Caribbean), the Isle of Youth and 1,600 keys and tiny islands. …
New Greenstone management team
At its annual meeting in Toronto, growing gold producer Greenstone Resources (TSE) introduced its new management team. Presenting themselves to shareholders were Chairman Hugh Snyder and President Pet…
Altai uncovers new Peruvian zone
Reconnaissance work in Peru has led to the discovery of a large gold-copper-bearing porphyry zone outside and to the east of the Rio Oro property. Altai Resources (TSE) says the zone has a visible len…
Franco, Euro acquire Carlin royalty
By paying US$5 million, Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) have jointly acquired a 4-9% net smelter return on the Dee mine and 5,000 surrounding acres in northern Nevada. The roya…
Holloway project inching toward production
Ontario may soon have its first gold mine since 1989. A $12-million underground exploration program at the Holloway project, 60 km east of here, is nearing completion. And partners Hemlo Gold Mines (T…
Metall announces major growth plan
By acquiring mining and smelting assets, Metall Mining (TSE) plans to establish itself further as a major, integrated copper producer. President Klaus Zeitler says the company is considering acquiring…
LETTERS TO THE EDITOR — Leave diamond hunters, developers in
Having read the editorial “Silence is not golden” (T.N.M., Aug. 16/93) which referred to ongoing diamond exploration, I, as a highly successful mine-making prospector, offer the following advice. Init…
Joe Mann output in sharp decline
Production at the Joe Mann gold mine near Chibougamau, Que., dropped sharply, and operating costs rose significantly, during the first half of the year. Campbell Resources (TSE) reports output of 27,2…