Copper price keeps Princeton in black
With the Similco open-pit operation in British Columbia running smoothly and the price of copper reaching record highs, Princeton Mining (TSE) performed solidly in the second quarter.The company earne…
News
Hillsborough finances expansion
An agreement with Sprott Securities will help provide Hillsborough Resources (TSE) with sufficient funds to expand its 63%-owned Quinsam coal mine near Campbell River, B.C.The company will issue 2.4 m…
Geologist shot by Shining Path
After nearly two years of relative peace in Peru, the Sendero Luminoso, or Shining Path, has resumed its terrorist activities in some parts of the country. On July 3, a geologist working for Minera Lo…
Louvicourt sweetens Aur’s earnings
As expected, the Louvicourt mine in Val d’Or, Que., is bolstering the earnings of Aur Resources (TSE).For the first half of 1995, the mine produced 38.7 million lb. copper, 16.9 million lb. zinc, 14,6…
Cominco strikes new zone at Red Dog
Exploration drilling on the Red Dog mine property in Alaska has encountered significant new zinc-lead mineralization.Cominco (TSE) reports that hole 488 intersected 610 ft., from 65 to 675 ft. grading…
New set of directors placed at the helm of Minefinders
The new management team of Minefinders (TSE) is gearing up to explore the Bolsa and Dolores properties in Mexico.Arthur Dalfen, Mark Bailey and Marc Henderson were recently appointed directors of the …
Inco starts feasibility studies for its Goro nickel project
In keeping with its plan to boost nickel production by 20% over the next decade, Inco (TSE) will proceed with a feasibility study at its Goro nickel project in the French island of New Caledonia.The s…
Temagami staking rush anticipated for summer
A wide range of mineral prospects in the Temagami area of northern Ontario will trigger a claimstaking rush when dozens of dormant townships are thrown open to developers later this month, government …
LETTERS TO THE EDITOR — Engineers deserve bonus system
I was interested in one of your front-page articles, which appears to encourage cash rewards for exploration successes (“Exploration incentive bonus spurs Troilus discovery team,” T.N.M., July 3/95). …
TSE SHORT POSITIONS (August 07, 1995)
Short positions outstanding at July 15, 1995.Larger individual positions included: Abacan Res. 116,500; Aber Res. 43,700; Agnico-Eagle 172,830; Anderson Expl. 25,900; Archer 74,800; Arimetco 323,400; …
EDITORIAL PAGE — Environmental survey signals shift in perspectives
Each year, thousands of idealistic young people, together with aging doom-and-gloomers, knock on doors to raise funds for environmental groups such as Greenpeace.Lately, however, canvassers are encoun…
COMMENTARY — The origin of diamonds
Diamonds are being found in geological environments outside cratons and in rocks other than kimberlites. As a result, different sources and origins of diamonds must be considered.Experiments at severa…