EDITORIAL PAGE — The native alliance
Some years ago, the mining fraternity viewed with trepidation the settling of any land claim between government and aboriginal groups. The industry worried that each such agreement would mean yet anot…
News
Caribgold newest player on Cuban gold exploration scene
Among the mining companies scrambling for land positions in Cuba are several new players, the latest being Caribgold Mines. The Barbados-based private company is headed by David Bell, well-known consu…
PRODUCER PRICES (September 06, 1993)
ALUMINUM: MW U.S. market US55.75-56.75 cents per lb. (Aug. 12, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 199…
COUNTRY REPORT — CUBA AT A GLANCE
* Cuba has a population of about 11 million and a total land mass of 110,922 sq. km. It comprises the Island of Cuba (the largest in the Caribbean), the Isle of Youth and 1,600 keys and tiny islands. …
New Greenstone management team
At its annual meeting in Toronto, growing gold producer Greenstone Resources (TSE) introduced its new management team. Presenting themselves to shareholders were Chairman Hugh Snyder and President Pet…
LAST BUT NOT LEAST — Eureka financing complete
Vancouver-listed Eureka Resources (VSE) has negotiated a private placement of slightly more than a million shares at 17 cents per share. The placement carried with it an option on an additional millio…
LAST BUT NOT LEAST — Queenston completes placement
Toronto-listed junior Queenston Mining (TSE) has completed a Euro Equity offering with European investors for 441,000 units at 85 cents per unit. The units consist of one share and one warrant; two wa…
LAST BUT NOT LEAST — Hemlo options Labrador trough gold
Toronto-listed Hemlo Gold Mines can earn a half interest in Virginia Gold Mines’ (ME) Sagar III property in the Labrador trough area of Quebec. To do so, Hemlo must spend $2.5 million on exploration a…
THE DIAMOND PAGE — More drills are turning in Lac de Gras
Drilling is finally under way in the Humpy Lake region east of Lac de Gras, N.W.T. On Aug. 25, Pure Gold Resources (VSE) activated rigs on the Humpy No. 2 claim block, where the company will drill-tes…
Richmont acquires Camflo mill
For a nominal cash consideration and a commitment to cover eventual reclamation liabilities estimated at about $1.3 million, Richmont Mines (ME) now has its own gold mill. It is the old 1,400-ton-per-…
Open pit may be expanded at the Dome gold mine
At the Dome gold mine near Timmins, Ont., a feasibility study is in the works to determine the economics of expanding the open pit. It should be completed in the fourth quarter. Also under considerati…
GOLD FUNDS (September 06, 1993)
Gold Funds as of August 31 BGR Central Net Value $13.86 $6.15 Price $12.63 $6.500 Discount 8.94% 5.7% Value $77,659,000 $117,645,450…