Ontario staking hits 4-year high
Ontario recorded a 56.8% increase in claim-staking last year to make 1992 the most active year since 1988. According to the Mines and Minerals Weekly Bulletin, the number of claim units staked in the …
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Drill turns in the heart of Timmins
A syndicate of 14 “respected risk-takers” led by Robert Ginn has launched a $250,000 drilling program in the old business district of Timmins, Ont. The drilling, centred east of the railway station, w…
LATIN AMERICA SPECIAL — Growing mineral exploration activity
The Central American nation of Costa Rica is host to a growing number of exploration companies. The country’s placer gold deposits have been exploited from the earliest days of the Spanish colonial re…
STOCK MARKETS — Eurus, Crystallex assays add to Kilometre 88
Western markets continued to advance during the period ended March 9, with the Vancouver Stock Exchange resource index posting a 13.53-point gain to 827.15 and the composite index adding a more modest…
Newmont reserves decline slightly
Proven and probable reserves at the end of 1992 stood at 19.5 million oz., down 600,000 oz. from the previous year-end, Newmont Gold (NYSE) reports. Reserves added in 1992 amounted to 2 million oz. Ho…
LATIN AMERICA SPECIAL — Peru continues to attract large
Despite some political uncertainty in the wake of President Alberto Fujimori’s seizure of power last spring, capital for major mine development projects continues to pour into Peru. “The private secto…
LATIN AMERICA SPECIAL — Mincom opens Santiago offices
Australian computer software company Mincom International recently opened offices in Santiago, Chile, a move the company says reflects the growth of mining-related business in that country. Mincom say…
LATIN AMERICA SPECIAL — Free-market reforms open way for
Since the fall of the governments of the former east bloc and the rise of strong trade confederations such as the European Community, the nations of Latin America have been reforming their economies a…
Homestake gold output up 6% in 1992
A total of 1.84 million oz. gold was produced to the account of Homestake Mining (NYSE) in 1992, a modest 6% increase from the previous year. The increase was primarily due to the Homestake mine in So…
Agnico-Eagle plans second LaRonde shaft
Encouraged by the results of an aggressive exploration program at the LaRonde gold mine near Val d’Or, Que., Agnico-Eagle Mines (TSE) will begin sinking a second shaft on the property this spring. The…
Tri Gold signs option deal
An undisclosed party recently signed a US$7.5 million option agreement to explore Trio Gold’s (ASE) wholly owned Rodeo Creek property, 30 miles north of Carlin, Nev. Trio said it will operate and mana…
Gwen to resume Buffonta mining
Gwen Resources (ASE) has commenced dewatering the Kerr open pit on the New Buffonta gold property in Harker-Holloway Twp., near Kirkland Lake, Ont. The project is a 50/50 joint venture with Deak Resou…