U.S. dollar pushes gold down
Gold’s recent dip to a 6-year low of US$330 per oz. was largely a function of a strengthening of the U.S. dollar relative to other currencies, some analysts say. “In U.S. dollar terms it got pushed to…
News
NEWS ROUNDUP — Virginia plans Sagar drilling
A drilling program is planned for early 1993 by Virginia Gold Mines (ME) for its Sagar-III property in the Labrador trough area of Quebec. Virginia, which has increased the number of claims at Sagar, …
STOCK MARKETS — Diamond stocks hit new highs amid broad
While most issues on The Toronto Stock Exchange continued to slump during the week ended Nov. 17, shares of many of the diamond explorers headed to new highs on heavy trading. Although the search for …
EDITORIAL PAGE — Good uranium sense
There is something wonderful about individuals taking advantage of their God-given talents and strengths and using them for their own and mankind’s benefit. The same might be said about Canadian provi…
NEWS ROUNDUP — Aur drilling Joutel property
A third-phase 5,000-ft. drilling program is under way at the former producing 26-claim Joutel Copper property near Joutel, Que., Aur Resources (TSE) and Joutel Resources (TSE) report. To be tested is …
GOLD FUNDS (November 23, 1992)
Gold Funds as of Nov. 17 BGR Central Net Value $7.85 $5.06 Price $6.63 $4.80 Discount 15.61% 5.1% Value $45,419,000 $85,147,784…
Lifting Zenmac’s cease-trading order
With its corporate house now back in order, Zenmac Zinc’s (ASE) cease-trading order is expected to be lifted shortly, its recent and unusually well-attended annual meeting was told. The meeting was ch…
More high-grade copper intersected at Cerattepe
Recent drilling by Cominco Resources International (TSE) intersected exceptional thicknesses of high-grade copper mineralization within the previously defined limits of the Cerattepe copper deposit in…
NEWS ROUNDUP — Freewest discovers copper-bearing float
High-grade copper-bearing float has been uncovered by Freewest Resources (TSE) in the Bathurst mining camp of northern New Brunswick. The company says several sub-angular boulders of chloritic mudston…
COMMENTARY — Debate over U.S. Mining Law
Perhaps the most urgent issue for mining in the West has been the attempt to amend or to revoke the Mining Law of 1872. For four or more years, a fight to replace the Law was led by Representative Nic…
Healthy third quarter masks industry concerns
A combination of productivity gains and federal government initiatives to stimulate the Canadian economy has paid off for base metal miners, but analysts say the party will be short-lived. A survey of…
Processing of diamond samples can be costly
At the height of the field season in the Lac de Gras area, it was rumored that Monopros, the Canadian subsidiary of De Beers Consolidated Mines, was flying out a Twin Otter load of overburden samples …