OBITUARY — Mario de Bastiani
A pioneer in the Canadian uranium industry through his involvement in the development of the town of Elliot Lake, Ont., and the startup of Consolidated Denison Mines in 1955, Mario de Bastiani, P. Eng…
News
LETTERS TO THE EDITOR — Keep mining in Canada, but at what
The vast majority of workers in the mining industry, myself included, agree that the taxation of mines should be competitive with the rest of the world. But in other parts of the world, what are the c…
Mining lease issued for Lihir
The government of Papua New Guinea (PNG) has granted a special mining lease for the Lihir gold project, clearing the way for construction to begin during the second quarter. The project, on Lihir Isla…
East Africa Gold negotiates placement
Vancouver-listed East Africa Gold has concluded negotiations for a private placement of up to 1.8 million units at $1.35 each. A unit consists of a share and a warrant entitling the holder to buy an a…
Spot prices at a glance (March 27, 1995)
Week’s Price (US) Change Gold* $381.40 – $5.20 Silver* $4.58 – $0.15 Platinum* $412.25 – $10.50 Nickel** $3.36 – $0.05 Lead** $0.27 + $0.01 Copper $1.34 + $0.02 Zinc $0.47 + $0.01 Courtesy of Scotiaba…
Gold Funds (March 27, 1995)
BGR Central Net Value $16.22 $6.59 Price $14.00 $7.0 Discount 13.68% Premium 6.2% Value $126,905,000 $126,695,100…
STOCK MARKETS — Bond selloff results in modest TSE gain
A bond selloff late in the week held the Toronto Stock Exchange to a modest gain during the 5-day report period ended March 21. The composite 300 index rose 55.65 points to close at 4,246.19. The sell…
TORONTO STOCK EXCHANGE INDICES (March 27, 1995)
— 1995 — Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 High Low Composite”300″ 4246.19 4249.78 4228.00 4225.62 4218.84 4257.81 3983.34 Metals&Minerals 3955.58 3954.34 3951.72 3951.56 3926.66 4337.89 3273.56 In…
LATIN AMERICA SPECIAL — Placer Dome advances Latin American
Ongoing exploration by Placer Dome (TSE) is enhancing the potential of the company’s 70% owned Las Cristinas gold project in Venezuela’s Kilometre 88 district. “We are still drilling at Las Cristinas …
Bitech to sell Nugget Pond
Ownership of the Nugget Pond mining property in central Newfoundland is about to change hands. Alberta-listed Bitech has agreed to sell the property, along with its associated rights, interests and ro…
IGR conducts infill program at Bibiani
TSE-listed International Gold Resources has succeeded in drilling nine shallow reverse-circulation holes and six deeper diamond drill holes at the Bibiani gold project in Ghana. Three intersections, w…
LATIN AMERICA SPECIAL — Newmont, Penoles team up in Mexico
Excitement continues south of the Rio Grande, as companies — large and small, foreign and domestic — compete to lock up that big deal. Meanwhile, some companies have tried working together in their …