U.S. government sues Idaho silver miners
The U.S. federal government is taking four mining companies to court over alleged environmental damage in the historic Coeur d’Alene mining district of northern Idaho.Asarco (NYSE), Sunshine Mining an…
News
ODDS’N’SODS — The gold that got away
During the 1930s, I was employed as a smoke tester at a large non-ferrous smelter, where custom ore was ground, sampled and stockpiled until a sufficient supply was on hand for treatment.Notwithstandi…
Cominco operations in the black
With the exception of the Glenbrook nickel operation in Oregon, all of Cominco’s (TSE) operations made money in 1995.Total operating profit for the year was $302 million, almost double the $172 millio…
Spot prices at a glance (April 01, 1996)
Wednesday, March 27, 1996Week’sPrice (US)ChangeGold*$400.00$5.30Silver*$ 5.69$0.19Platinum*$414.50$4.00Nickel**$ 3.79$0.07Lead**$ 0.37-0.04Copper $ 1.15$0.00Zinca$ 0.48-…
Gold Reserve boosts resource
The first phase of infill drilling at the Brisas concession in the Kilometre 88 region of Venezuela has translated into an increase in copper-gold resources for Gold Reserve (TSE).The company, drillin…
Greenstone enhances Libertad potential
Drilling and trenching by Greenstone Resources (TSE) on its Libertad concessions in Nicaragua have expanded the size of the Cerro Mojon deposit.Reverse-circulation drilling has extended Cerro Mojon to…
STOCK MARKETS — Western markets stage mixed performance
Western markets put in a mixed performance over the report period ended March 26, with the Vancouver Stock Exchange composite index posting a 24.3-point gain to 1,080.55.The resource index failed to f…
EDITORIAL — Now you see it . . .
Ministry of Energy, Mines and Petroleum Resources (EMPR) is no more. Without warning, British Columbia’s new premier, Glen Clark, ordered an end to a ministry that has served the province well ever si…
Geostatistical program planned for McGill
The Department of Mining and Metallurgical Engineering at McGill University in Montreal will sponsor a 3-day course called “Geostatistics for Ore Reserve Estimation and Grade Control.”Presented by Mic…
Exploration increases in Southeast Australia
A government support system for mining companies is bearing fruit in Southeast Australia.Exploration and mining expenditures in the state of Victoria rose to A$112.6 million in 1995 from A$96.1 millio…
Solv-Ex under investigation in United States
A U.S. grand jury is investigating the possible manipulation of shares of Solv-Ex following a ten-fold increase in price during the past year.The probe follows an earlier investigation into the compan…
Placer plans drilling west of Detour Lake
Placer Dome (TSE) continues to drill its Fault Lake property and other western extensions of its Detour Lake gold deposit, 220 km northeast of Timmins, Ont.The property has been optioned from Pelangio…