Geophysicists honor Keen
Charlotte Keen of the Geological Survey of Canada (GSC) was awarded the Wilson Medal at the recent annual meeting of the Canadian Geophysical Union (CGU) in Banff, Alta.The medal, named for J. Tuzo Wi…
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COMMENTARY — A better climate for mining
The Standing Committee on Natural Resources submitted nine key recommendations to the government last fall in order to strengthen the Canadian mining industry.These recommendations were not reflected …
Alaskan legislation aims to increase exploration
Legislation aimed at increasing the level of mineral exploration in Alaska has been passed.Bill 197, known as the mining incentive bill, provides a 100% credit for all eligible exploration costs that …
Western Mining geologist receives Money medal
The David Money Memorial Medal for geological excellence was presented to Douglas Arantes, exploration manager for Western Mining in Brazil.Arantes is the first recipient of the medal, which is struck…
B.C. regulators impose penalties on Slightham
George Slightham has agreed to pay $30,000 to the British Columbia Securities Commission (BCSC) as a penalty for misconduct during his involvement in two junior companies listed on the Vancouver Stock…
Dry Cottonwood a gem of a mine
American Gem (TSE) has started up its second sapphire mine, known as the Dry Cottonwood.Production from this new operation, combined with the Gem Mountain mine, is expected to result in total producti…
Eldorado board rejects Glamis bid
After assessing the unsolicited takeover bid of Glamis Gold (TSE), the board of directors of Eldorado (TSE) has unanimously rejected the offer as being “inadequate and not in the best interests of Eld…
Teck to option Yamana property
Argentine explorer Yamana Resources (TSE) has granted Teck (TSE) the right to acquire up to a 60% interest in its gold project in the province of Santa Cruz.Yamana holds interests in 76 properties in …
Spot prices at a glance (July 03, 1995)
Wednesday, June 28Week’sPrice (US)ChangeGold*$389.30-$1.40Silver*$5.33-$0.16Platinum*$442.00-$0.75Nickel**$3.71+$0.20Lead**$0.28+$0.01Copper $1.38-$0.03Zinca$0.46+$0.01Cou…
Challenger to acquire ground in Burkina Faso
Cayman Islands-based Challenger Minerals (VSE) expects to be granted a licence covering a 400-sq.-km concession in Burkina Faso, West Africa.The Tafogo area lies between the Bouroum property of Channe…
GREATEST VALUE TRADED (July 03, 1995)
Placer Dome T97932$37 3/4 36 1/236 7/8-1/2Barrick Gold T71909$36 5/8 35 1/435 1/2-3/4Inco Ltd T71095$38 5/8 37 3/838 1/4+1Noranda Inc T39753$27 1/8 26 5/827-1/8Falconbri…
STOCK MARKETS — Profit-taking sends TSE marginally lower
Following several weeks of gains, investors on the Toronto Stock Market opted for profit-taking and, in doing so, sent the TSE 300 composite marginally lower. Over the 5-day report period ended June 2…