Haile reserve tops 13 million tons
The Haile property near Kershaw, S.C., has proven and probable reserves of 13.2 million tons grading 0.091 oz. gold per ton, a consulting group estimates. Piedmont Mining (NASDAQ), 37.5% owners of the…
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Cyprus hedges
A price protection program ensures that Cyprus Minerals (NYSE) will receive a minimum average sales price of about US94 cents per lb. on about 90% of its projected 1993 copper sales. The program also …
PEOPLE — GEORGE RESOURCE
Donald Shwery appointed director and elected chairman.
PEOPLE — JUNE RESOURCES (May 31, 1993)
Lawrence Campbell appointed director.
De Beers’ buying buoyed ’92 market
The world’s premier miner and marketer of diamonds is confident it can manage the type of threats to price stability that occurred in 1992, should they recur this year. “Our first three diamond sales …
PEOPLE — HIGHGRADE VENTURES (May 31, 1993)
Randolph Graves elected president and director; George Heras and J. Heras appointed directors.
PEOPLE — AU RESOURCES (May 31, 1993)
Jack Day appointed director.
Southern Peru Copper
Southern Peru Copper has signed an agreement with Corporacion Andina de Fomento of Venezuela for a $60-million financing to build two solvent extraction-electrowinning plants in Peru.
Firstmiss Gold posts $4 million loss
Several factors have contributed to a loss of $4 million in the third quarter for Firstmiss Gold (NASDAQ). These include a $1-million writedown of low-grade ore stockpiles, high operating costs due to…
STOCK MARKETS — Dia Met hits new high of $62 on bulk-sample
Speculation over upcoming bulk-sample results from the Lac de Gras area of the Northwest Territories sent Dia Met Minerals to a high of $62 for a gain of $9.13 during the week ended May 25. Waiting an…
STOCK MARKETS — Resource index on VSE surges to record
With gold holding on to gains, and diamond stocks generally steady, the Vancouver Stock Exchange resource index continued its upward sprint, finishing the week ended May 25 up more than 70 points at a…
Temisca drilling Quebec gold play
Drilling has begun on the East-Bay gold property of Ressources Temisca (ME), northeast of Rouyn-Noranda, Que. The program is funded and operated by Soquem which is earning a 50% interest.