Historical gold production
The amount of gold produced in the world throughout the ages (to the end of 1994) stands at about 3.7 billion oz., says CPM Group of New York. According to the research and consulting company, some 86…
News
DIAMOND NEWS ROUNDUP — BHP reports improvement in grade for
Results from diamond evaluations on the N.W.T. Diamonds project near Lac de Gras indicate an improvement in the grade of the Fox pipe. Last year, BHP Diamonds mined a 6,915-tonne sample from a decline…
Mines boost Prime’s bottom line
The Eskay Creek gold mine in northwestern British Columbia is up and running. The initial shipment of crushed and blended ore, destined for smelters in Japan and eastern Canada, was made early this ye…
Ashanti seeks opportunities
Ghana’s major gold producer, Ashanti Goldfields, plans to expand into other African countries via a new subsidiary, Ashanti Exploration. Nick Laffoley, head of Ashanti Exploration, told Knight-Ridder …
Keystone results continue to shine
Production and profits are up considerably at the Keystone gold mine in northern Manitoba. The operation, owned equally by Granduc Mining (TSE) and Black Hawk Mining (TSE), yielded 8,197 oz. in the fo…
LETTER TO THE EDITOR — Time to start talking
The editorial “A voice from the wilderness” (T.N.M., Jan. 30/95) shows that neither the mining industry nor the environmentalists are thinking clearly about land use in wilderness area, a development …
RFC program boosts Pend Oreille
Underground exploration by RFC Resource Finance (TSE) is enhancing the overall potential of the Pend Oreille project in northeastern Washington state, about 100 miles from Spokane. After incorporating…
Drilling at Damoti Lake
While some Canadian juniors do less field work in winter, Gitennes Exploration (ASE) is not among them. The Vancouver-based company is involved in not one but three programs near Damoti Lake in the No…
Detector drills Pistol Lake zone
Junior explorer Detector Resources (ASE) has completed a 4,590-ft. drill program on its Pistol Lake property, 55 miles west of Thunder Bay, Ont. Previous work identified anomalous gold values over a 2…
Cambior follows yellow brick road
For the fifth year in a row, Cambior (TSE) has increased the level of its gold output. The Montreal-based company cranked out 522,077 oz. in 1994, compared with 518,083 oz. in the previous year. The o…
STOCK MARKETS — Gold’s stability fails to revive ailing VSE
Western markets remain on the critical list, with the Vancouver Stock Exchange’s composite index limping along at the 700 level, down more than 12 points during the report period ended Feb. 21. Gold’s…
Eastmain plans drill programs
An agreement with its project partner gives Eastmain Resources (CDN) a 100% interest in two exploration permits and 149 claims within the Eastmain River Greenstone Belt in northwestern Quebec. The jun…