EDITORIAL PAGE — Silence is not golden
There is something amiss in the diamond exploration game. It relates to the flow of information or, rather, the lack of it. Investors wait months for news of results. When drill results finally are an…
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LETTERS TO THE EDITOR — Sarnoff replies: Don’t blame me
It was indeed good of you to tell your readers “Ignore Sarnoff’s diamond warning, exploration activity speaks for itself” (T.N.M., Aug. 2/93). Please permit me to speak for myself. When Dia Met made i…
STOCK MARKETS — Diamond sell-off continues as seniors keep
The Vancouver Stock Exchange was in the news again as James Matkin’s provincially appointed inquiry listened to more assaults on the exchange’s credibility during a recent public hearing. William Pidr…
Skyline to rerun Johnny Mountain
A limited production run is planned at the Johnny Mountain gold mine in northwestern British Columbia. International Skyline Gold (TSE) expects to mine and mill about 20,000 tons of material grading 0…
TORONTO STOCK EXCHANGE INDICES (August 16, 1993)
— Week — Aug 10 Aug 9 Aug 6 Aug 5 Aug 4 High Low Composite”300″ 4028.44 4002.20 3959.96 3947.58 3988.54 4028.64 3945.87 Metals&Minerals 3118.83 3035.02 3014.85 3025.10 3033.85 3126.25 3009.80 Integr…
Goldbelt hosts delegation from Kazakhstan
The collapse of the Soviet Union has prompted a number of its former republics to seek non-traditional sources of capital to develop mining projects. In late July, a delegation from Kazakhstan visited…
U.S. REPORT — Phelps Dodge protects price
Copper producer Phelps Dodge (NYSE) is benefiting from a hedging program that applies to about 45% of its projected 1993 output. The company reports that contracts with several financial institutions …
Richmont defining reserves
Underground drilling and development are under way at the Francoeur gold mine near Rouyn-Noranda, Que., Richmont Mines (TSE) reports. The work is aimed at defining the extension of existing zones and …
NEWS ROUNDUP — Phelps Dodge options Curator ground
Copper giant Phelps Dodge (NYSE) has agreed to earn a 51% interest in International Curator Resources’ (VSE) DSA property in Idaho. To do so, Phelps must spend US$2.5 million over six years and pay Cu…
THE DIAMOND PAGE — Lack of disclosure dampens diamond fever
Analysts are blaming the “minimalist” disclosure policy of major companies as one reason why speculative interest in Canadian diamond exploration continues to lose momentum. But others point out that …
Busy summer for Stewart area
The Stewart camp in northwestern British Columbia is abuzz this summer as work programs fly into full gear on several advanced projects. The largest is being carried out by Lac Minerals (TSE) on the R…
NEWS ROUNDUP — Ballatar to test near Sleeper mine
The AR claims next to Amax Gold’s Sleeper mine in Nevada will be tested this summer by 5,000 ft. of reverse circulation drilling, Ballatar Explorations (VSE) reports. The company hopes to intersect po…