News

Only in a few areas of Mexico is gold the major ore in the local economy. One of these areas is in Durango state, between the towns of Pueblo Nuevo and Jocuistle in a geological region known as “Barra…

Widespread copper mineralization was encountered with grades of 1.5-2% dominantly copper oxide over widths of 20-60 metres at the Sierra Valenzuela property in northern Chile, Minera Rayrock (TSE) rep…

Diamond fever has spread to the Montreal area and the Abitibi (northwestern) region of Quebec. In the Montreal region, mining entrepreneur Peter Ferderber of Val d’Or, Que., has staked more 200,000 ac…

Gold production rose to almost 1.1 million oz. in 1992 from 885,571 oz. in 1991, Lac Minerals (TSE) reports. Production from all of the gold mines in which Lac has an interest totalled 1.14 million oz…

A legal dispute between Gold Fields Mining and Placer Dome (TSE) relating to about 40% of the Pipeline gold deposit in Nevada will not be part of an asset exchange between Gold Fields and Santa Fe Pac…

Gold production in 1992 increased to 492,000 oz. at an average cash operating cost of US$125 per oz., compared with 469,000 oz. in 1991 at US$133 per oz., Hemlo Gold Mines (TSE) reports. Gold output f…

More producer announcements of extended mine and refinery shutdowns during 1993 caused the markets to pause for an impact assessment. To date, the major mining companies appear to be implementing a si…

An agreement in principle has been reached between MSV Resources (ME) and Westminer Canada whereby MSV will purchase certain assets of Westminer, including the Copper Rand and Portage mines and the co…

The International Gold Trade. By Tony Warwick-Ching. Published by Woodhead Publishing, Abington Hall, Abington, Cambridge, England CB1 6AH. US$150 (plus US$20 for postage and packaging). New markets a…

John Sadowski appointed vice-president, exploration.

Jack Johnston appointed director.

Jon Broderick appointed director and president.