Glamis options Randsburg lands
An option on 30,000 acres of mineral holdings near Randsburg, southern California, was recently acquired by Glamis Gold (TSE) from Denver- based DRX Inc. Glamis notes that much of the land is contiguo…
1990
Editorial Do we need mines?
“Do we need minerals? Only if we want buildings, roads, ships, cars, airplanes, glass windows, plates, cutlery, industrial machinery, communications equipment, energy generation and transmission, and …
St Andrew gold mine producing on target
After two quarters of successful operation at its Stock Twp. gold mine east of Timmins, Ont., St Andrew Goldfields (TSE) expects to be able to meet its production target of 27,000 oz. of gold this yea…
Environmental concerns top CIM conference
Compliance with environmental regulations and the minimization of the risk of causing damage to the natural environment appear to be foremost in the minds of Canadian miners. Twenty-two presentations,…
Echo Bay suffers loss after Muscocho writeoff
Several factors, including a US$42.4-million (43 cents per share) writeoff of its investment in the Muscocho group of companies, have resulted in a first-quarter loss of US$37.9 million (43 cents per …
Westmin says Premier operating at breakeven
After a rocky start down the road to production, operator Westmin Resources (TSE) is reporting an improvement in mining operations at its 50.1% owned Premier gold mine near Stewart, B.C. The company s…
U.S.Report Nebraska’s first uranium operation gains approval
It has taken longer than expected, but Ferret Exploration Co. of Nebraska was recently issued a permit by the Nebraska Department of Environmental Control allowing it to bring on stream the state’s fi…
Vancouver Stock Exchange Vancouver market sluggish
If the past week’s action on the Vancouver Stock Exchange were likened to a member of the animal kingdom, the beast most likely to come to mind would be a slug. The market has been unable to shake its…
Montreal Exchange Heavy Muscocho volume
Volume was light-to-moderate this week but investors seemed to know what they wanted. The general market portfolio index jumped almost 55 points for the week ended May 8, and the mining and minerals i…
U.S.Report Biron Bay busy on U.S. gold bet
Toronto-based Biron Bay Resources (TSE) is planning additional drilling work this year on its Summit gold joint venture with NovaGold Resources (TSE) in the Steeple Rock mining district of New Mexico….
Westminer’s Gays River mill producing zinc concentrates
The mill at Gays River, N.S., is once again producing lead and zinc concentrates under the direction of owner Westminer Canada, the 100% owned affiliate of Australia- based Western Mining. When Westmi…
BOOKS IN REVIEWS Inactive gold projects on the rise
The number of inactive gold projects is on the rise, according to Metals Economics Group’s recent study, Potential New Canadian Gold Production. Ninety-nine Canadian gold projects were in reserves dev…