News

Generally disappointing assay results were received from the drilling of five separate target areas on the gold project of Monte Carlo Gold Mines (ASE) and Auromar Development (VSE) on the Caribbean i…

While the metallurgist has accomplished technical marvels — recovering upward of 85-90% of the valuable minerals from low-grade ores — he has also created a mountain of a problem; namely, millions o…

Six of the world’s top 10 performing (in terms of price appreciation) stock markets in 1991 were based in Latin American countries, says an International Financial Corp. report. Heading the list were …

Mexico has the oldest post-Columbian mining tradition in the Western Hemisphere, beginning with the establishment of the first iron foundry in the state of Veracruz in 1519. Historically, silver has b…

Gold production of 796,700 oz. was reported by Newmont Gold (NYSE) for the first half of 1992, compared with 792,700 oz. for the same period last year. Targeted gold production for 1992 is 1.6 million…

Troubled coal producer Westar Mining (TSE) reported a loss of $9.3 million for the three months ended June 30, which pushes the company’s loss for the first six months of the year to $15.7 million. We…

Hoping to raise up to $2 million through a rights offering is Geddes Resources (TSE). Shareholders of record on Aug. 6 may purchase an additional common share at 55 cents per share for each eight shar…

The International Precious Metals Institute (IPMI) recently elected officers for the 1992-93 term at its 16th conference in Scottsdale, Ariz. Francis Curren Jr. of Pease & Curren became president and …

David Lawler appointed director.

Lois Couston appointed director.

Francesco Aquilini appointed director and vice-president; Kai Wakabayashi appointed director.

Gordon Bergman appointed director.