BMR joint ventures America Mine project
A wholly owned unit of NERCO (NYSE) recently entered into a joint venture agreement with BMR Gold (ASE) for ongoing development of BMR’s America Mine project. NERCO can earn a 60% interest in the prop…
1990
Global copper smelting needs studied
New global copper smelting capacity, beyond those projects already announced, will be needed by 1993, says a research company from Pennsylvania. The closure of the Bougainville mine (180,000 tonnes pe…
BOOK BRIEFS (October 22, 1990)
Tunnelling: Design, Stability and Construction, by B.N. Whittaker and R.C. Frith. Published by The Institute of Mining and Metallurgy. Available at IMM North American Publications Center, Old Post Rd….
EDITORIAL Gold is gold is gold
Institutions can go bankrupt, stocks can go belly-up, currencies can become museum pieces, governments can fall — but gold is gold is gold. There is no way that gold can go bankrupt because gold has …
UBC receives grant from Geddes
Geddes Resources (TSE) is making a $30,000 donation to the University of British Columbia to support glaciology research. The grant will allow the Department of Geophysics and Astronomy to finance res…
Exploration begins at Jasper mine
Partners Cameco and Shore Gold Fund (ASE) have begun a $357,000 surface and underground exploration program at their Jasper gold mine in northern Saskatchewan. The high-grade mine entered production i…
Gold tumbles
Prospects for peace in the Middle East and concerns about an economic recession combined, analysts said, to depress the price of gold, which at presstime was sitting at US$366 per oz. in London. Gold …
Sikaman begins gold production in Ghana
The Goldenrae alluvial gold mine in Ghana, West Africa, has entered into production, two weeks behind schedule but 10% below budget. At operating costs of below US$130 per oz., part-owner Sikaman Gold…
Seine, new partner acquire Lincoln project in California
By taking on a joint venture partner, Seine River Resources (VSE) was able to complete the US$5 million acquisition of a California gold project which it hopes to develop into a 500-ton-per-day produc…
White Plains unable to exercise option on wollastonite bet
White Plains Resources (VSE) has failed to exercise an option to purchase from Sikaman Gold Resources (TSE) a 75% interest in the Gilbert wollastonite property in Nevada. The option deadline was Oct. …
Minnova options Fireweed property
A work program by Minnova (TSE) is slated to begin shortly on the Fireweed property near Smithers, B.C. The company has the right to earn a 70% interest in the polymetallic (gold-silver-lead-zinc-copp…
Tax Angles The ins and outs of CNIL
The phone ring sounded urgent. I picked it up. It was Harry Speers. “Barry, do your guys know what they’re doing?” Now Harry is a bit of a joker but this sounded semi-serious. “Why do you ask, Harry?”…