NEWS ROUNDUP — Royal Oak boosts earnings
Second-quarter earnings of Royal Oak Mines (TSE) increased to $2.9 million this year from $740,000 in the same period a year ago. The company produced 70,369 oz. gold at a cash cost of US$311 per oz. …
News
Northwestern British Columbia — Polaris-Taku remains
The Polaris-Taku gold project in northwestern British Columbia is expected to remain dormant until a dispute is settled between Canarc Resource (VSE) and the former controlling shareholder of Rembrand…
Snip mine boon for Prime
The Snip gold mine in northwestern British Columbia turned out 31,750 oz. for Prime Resources Group (VSE) in the first six months of this year, a 20% increase from the same 1992 period. The company ho…
Cross Lake expands Berardi holdings
Vancouver-listed junior Cross Lake Minerals has added 73 claims to its joint-venture holdings with East West Resource (VSE) in the Casa Berardi area of northern Quebec. These claims cover an extension…
EDITORIAL PAGE — The unilateral edge
Papua New Guinea, a dependable partner in mining (until now at least), is sending confusing signals to the rest of the mining world. The latest such message was the announcement by the PNG government …
THE DIAMOND PAGE — LETTERS TO THE EDITOR — Premature
Editor’s Note: The Sarnoff controversy (see Aug. 2 issue) and our ensuing editorial have generated a healthy flow of letters to the editor; so many, in fact, that we’ve decided to run the overflow in …
Toronto Stock Exchange Indices (August 30, 1993)
— Week — Aug 24 Aug 23 Aug 20 Aug 19 Aug 18 High Low Composite”300″ 4112.24 4091.76 4077.18 4069.59 4069.31 4118.12 4046.43 Metals&Minerals 3130.64 3121.57 3120.60 3119.92 3120.23 3132.66 3104.54 In…
LETTERS TO THE EDITOR — Investing in diamond stocks not for
Sitting here in London, I have been intrigued by the amazingly ill-informed correspondence you have carried on the diamond exploration projects in the Northwest Territories. Most of the arguments seem…
Cantung options Chilean project
Vancouver-based Canada Tungsten Mining (TSE) has acquired an option to buy and develop the Andacollo copper project in central Chile. Subject to confirmation of technical details during a 15-month eva…
Computer program
An interactive computer program known as Mineral Wealth is providing young people with a wealth of information this summer at Sudbury, Ont. Ontario’s Mineral Wealth, which runs on a Macintosh computer…
THE DIAMOND PAGE — LETTERS TO THE EDITOR — More balance
In reading the editorial and letters pages of your Aug. 2 issue, it struck me that it was a pity you did not publish Paul Sarnoff’s article (“Canadian Diamond Stocks Can Be Dangerous to Your Wealth”)….
PEOPLE — OROFINO RESOURCES
James Dunnett appointed director.