PEOPLE — MINEFINDERS (March 27, 1995)
H. Jarvis and Paul Guilbault re-elected directors.
News
PEOPLE — ORVANA (March 27, 1995)
D. Hillhouse appointed chairman and Leigh Freeman appointed president.
DIAMOND NEWS ROUNDUP — De Beers and Russians negotiating to
Retail sales of diamond jewelry continued to improve in 1994. But despite this upward trend, De Beers Consolidated Mines reported earnings of US$555 million for the year, representing a 7% decrease fr…
NEWS IN BRIEF (March 27, 1995)
Kirkton Resources has changed its name to Constellation Capital Enterprises on a 1-new-for-10-old-share basis.
Cogema, partners approve McClean Lake uranium mine
Having received approval for development from federal and provincial governments, Cogema Resources has decided to proceed with the McClean Lake uranium project in Saskatchewan. The company and its par…
LATIN AMERICA SPECIAL — Corner Bay Minerals compiling
Having spent four years identifying and acquiring copper projects in Mexico, Corner Bay Minerals (TSE) is more intent than ever on becoming a junior producer. The Toronto-based company is involved in …
Reading our stock trading tables (March 27, 1995)
A comprehensive listing of weekly stock quotations for mining securities is provided by The Northern Miner. To assist readers who often know the name of the stock but not the exchange on which it trad…
Channel pulls high grade gold
Drilling on the Bouroum gold concession in Burkina Faso, West Africa, is returning some impressive results for Channel Resources (TSE). Assays from the first five holes on the F-12 Extension graded up…
LATIN AMERICA SPECIAL — Placer Dome eyes acquisitions
By the end of this decade, Placer Dome (TSE) expects to be producing gold at a rate of 2.5 million oz. per year, and possibly more, assuming the right acquisitions come along. Company President John W…
LATIN AMERICA SPECIAL — Court ruling in Newmont’s favor
An appellate court in Peru has issued a preliminary ruling in favor of Newmont Gold (NYSE) and Buenaventura (a Peruvian mining company) against France’s Bureau de Recherches Geologiques et Minieres (B…
LATIN AMERICA SPECIAL — Brazil’s exploration potential
If Brazil can stay on the road to reform, mining could well prove instrumental in revitalizing the country’s economy, according to Ulrich Rath, vice-president of Rio Algom (TSE). Speaking at the recen…
LATIN AMERICA SPECIAL — Mill expansion approved — Omai gold
The Omai gold mine of Cambior (TSE) and Golden Star Resources (TSE) in Guyana continues to serve the two companies and the South American country well. The project, which entered commercial production…