Senate spares Bureau of Mines
The U.S. Bureau of Mines received a vote of confidence when the Senate approved US$128 million for continued operation of the agency in its Department of Interior appropriations bill.In July, the Hous…
News
Akiko’s drilling expands New Burgin deposit
Drilling on the New Burgin deposit in the Tintic region of Utah is expanding the known deposit.Akiko Gold Resources (VSE) is earning a half interest in the property from Chief Consolidated Mining (NAS…
Gold funds (August 28, 1995)
Gold Funds as of August 22BGRCentralNet Value$18.01$6.73Price$14.50$6.50Discount19.47%3.4%Value$140,780,000$117,645,450…
Golden Shamrock raises funds for work program in Ghana
Holders of special warrants issued by Australian-based Golden Shamrock Mines (TSE) will be issued 7.5% convertible debentures. The offering has a total face value of US$25 million.Golden Shamrock will…
COMMENTARY — Miners miffed by Washington’s rejection of regulatory reform
“President Clinton and a majority of Senate Democrats have effectively killed chances for this country to save lives, save money and create new jobs for American workers by rejecting regulatory reform…
Geophysics start in Costa Rica
Airborne geophysical surveys are under way on Costa Rican properties held by Barrick Gold (TSE), Lyon Lake Mines (ME) and Placer Dome (TSE).The three companies hold adjacent ground in the Sarapiqui be…
Birim drills on Ghanaian prospect
Reverse-circulation drilling will commence at the Dunkwa gold property in the Obuasi gold belt of Ghana.Birim Goldfields (CDN) has contracted an initial 2,000 metres of testing on the Mampon occurrenc…
Minefinders announces start of drill program at Bolsa property
The new president of Minefinders (VSE) expects drilling will begin this September on La Bolsa, a gold property in Mexico’s Sonora state.Mark Bailey, who is also a geologist, heads up a new management …
Windy Craggy settlement prompts Kemess development
The British Columbia government and Geddes Resources (TSE) have resurrected a compensation agreement for the 1993 expropriation of the Windy Craggy copper deposit in the northwestern corner of the pro…
Editorial Page — Decision time at Port Hope
During the past eight years, the Canadian government has spent at least $21 million of taxpayers’ money to find a suitable location for storing low-level, radioactive waste generated from the Eldorado…
Stock Markets — Voisey Bay trading enters wait-and-see phase
Trading activity on the western markets has succumbed to the summer doldrums. The markets’ enthusiasm for the Voisey Bay nickel-copper-cobalt play in Labrador has dampened, with investors assuming a w…
Metal Prices — FREE MARKET (August 28, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDate August 22 August 21 August 18 August 17 August 16Copper 3078-3080 3092-3095 3117-3120 3143-3151 3070-3072Lead 621.5-623.5 627.5-628.5…