News

Encouraging preliminary results were received from rock-chip sampling one kilometre west of the Asia Pacific copper porphyry deposit in the Philippines, partners Starmin Mining (TSE) and Adex Mining (…

Although a recent Burns Fry report rates the impact of a proposed royalty on Glamis Gold (TSE) as “severe” (T.N.M., April 26/93), the rating applies only if a royalty is placed on all U.S. reserves, i…

London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 27 Apr. 26 Apr. 23 Apr. 22 Apr. 21 Copper 1198-1199 1192-1193 1191-1192 1205-12…

Citing low gold prices and a decrease in gold production and grade at its Kerr mine near Virginiatown, Ont., Deak Resources reported a net loss of nearly $8 million in 1992. That compares to a profit …

Consolidated Ramrod Gold (TSE) intends to buy Chapleau Resources’ (VSE) interest in the FORS and Jor properties in southeastern British Columbia. The purchase price is $1.5 million. Meanwhile, Chaplea…

The world’s largest single producer of nickel, Inco (TSE), expects 1993 to be a flat year. The company also sees future growth occurring outside Canada. First-quarter results for the Toronto-based com…

The Oracle Ridge underground copper mine in southwestern Arizona should make money in April, reports 70%-owner South Atlantic Ventures (VSE). The mine is producing about 1,000 tons per day while mill …

The 61st annual convention of the Prospectors and Developers Association of Canada (PDAC) was “a fantastic success from every point-of-view,” according to Anthony Andrews, PDAC managing director. The …

James Lenec appointed director.

Michael Ross appointed director.

Eric Friedland appointed chairman and chief executive officer.

Foreign businesses are looking forward to June’s Bolivian presidential elections and the victory of candidate Gonzalo Sanchez de Lozada, now chief executive of Comsur, the largest private sector minin…