Kinross Gold boosts Goldbanks resource
Infill drilling by Kinross Gold (K-T) on the Main zone of the Goldbanks project, near Winnemucca, Nev., indicates a substantially larger gold resource than previously estimated.The new figure, estimat…
News
1996: A LOOK BACK — U.S. mining industry remained strong in 1996
A host of new discoveries and mine openings contributed to the overall strength of the American mining industry, and the sector appears poised to remain highly active throughout 1997.While Nevada rema…
Dakota Mining and USMX announce merger proposal
Two Denver-based companies — Dakota Mining (DKT-X) and USMX (USMX-Q) — are expected to merge.Under an agreement-in-principle, shareholders of USMX will receive one share of Dakota for every 1.1 shar…
ODDS’N’SODS — Zambia-bound
I chose to become a mining engineer because I felt it would afford the best opportunity to travel. When, some time ago, I was invited to be interviewed by RST International, which held an interest in …
Highlands to sell Porgera to Placer Dome
Australian-based Highlands Gold has struck a US$250-million deal with Placer Dome (PDG-T) to sell its 25% interest in the massive Porgera gold mine in Papua New Guinea.Highlands, formed under Papua Ne…
Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…
Lower gold output hurts Eden Roc
With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …
STOCK MARKETS — Gold nosedives yet TSE stays afloat
The Toronto Stock Exchange rose fractionally during the trading period Dec.30-Jan. 7, though gold issues dived as precious metal prices fell drastically. The TSE 300 composite index rose 44.26 points …
Wollastonite demand at record levels
The production of wollastonite has doubled over the past decade, and demand is likely to grow, according to a report released by a London-based firm of mineral market analysts.Roskill Information Serv…
Yamana Res. strikes gold at Argentine play
Drilling at the Martinetas property in southeastern Argentina has yielded significant epithermal gold mineralization for Yamana Resources (YRI-T).Two of six targets were tested, and assays for the fir…
EDITORIAL PAGE — A tale of two ecomonies
At this time of year, pundits traditionally peer into their crystal balls and predict what is in store for the economy over the upcoming 12-month period. In Canada, the consensus is that 1997 will be …
STOCK MARKETS — Resources lag as TSE shows recovery
Led by the real estate and communication subgroups, the Toronto Stock Exchange recovered strongly during the trading period Dec. 20-27. The TSE 300 composite index rose 192.41 points to close at 5,902…