News

There is a blight on the famed gold belt of northern Quebec and northern Ontario. There are too many miners and too few jobs. This is not news to anyone who knows the region; it has been a fact of lif…

Canada will be well represented at next month’s Geotechnica trade show for geosciences and technology in Cologne, Germany. The country will, in fact, be the second-largest foreign exhibitor, with more…

The annual Report of Activities (1992 edition) is available at mining recorders’ offices across Ontario. Featuring 107 pages of maps, charts and articles, the Report contains a record of mining, devel…

A gas supplier to Canadian mines, Praxair Canada of Mississauga, Ont., has won two major safety awards from the Compressed Gas Association of Arlington, Va. The Leonard Parker Pool Safety Award honors…

A safety record has been set by Hecla Mining. The company’s Republic gold mine in northeast Washington state experienced no lost-time accidents in all of 1992. In fact, the last accident resulting in …

The Guanaco mine in northern Chile is gearing up, with a Merrill Crowe processing plant recently constructed. Amax Gold (NYSE), 90% owner, expects the heap-leach operation to start producing in April …

Bema Gold (TSE) wants to extend the term of its $5.6 million in convertible debentures. The company is proposing a 2-year extension on the maturity date to May 31, 1995, retaining the original 9% coup…

Drilling is under way on Hillsborough Resources’ (TSE) El Oro property, 115 km northwest of Mexico City. The first hole, 93-01, averaged 4.24 grams gold per tonne and 43.4 grams silver over 9.3 metres…

In return for 25,000 common shares, Venezuelan Goldfields (VSE) will acquire the remaining 18% of a Venezuelan company which owns the Unin concession in the Kilometre 88 district. Vengold will then ow…

Week’s Price (US) Change Gold* $337.15 + $0.25 Silver* $ 3.79 $0.10 Platinum* $360.60 $1.15 Nickel** $ 2.73 $0.04 Lead** $ 0.19 + $0.01 Copper $ 0.92 $0.05 Zinc $ 0.45 $0.00 Courtesy of Scotiabank. In…

No longer able to service its substantial debts, Curragh took shelter from its creditors during the week ended April 6. The zinc miner’s filing for court protection may signal the death of a company t…

The long odds of finding a potentially economic diamondiferous kimberlite pipe don’t appear to be daunting the growing number of junior companies now looking for such targets in North America. Western…