Border-crossing pact augurs well for Pachon
The Pachon project in Argentina has received both a statistical and logistical boost.A new calculation by Cambior (CBJ-T) has augmented the proven and probable reserve total by 28%, to 882 million ton…
1997
Mineral Economics Society to hold annual meeting in British Columbia
The Mineral Economics Society of the Canadian Institute of Mining, Metallurgy & Petroleum will hold its annual meeting on Jan. 27 at the Hotel Vancouver.Entitled “Corporate Strategy in Mining: Finding…
Laramide withdraws bid for Aquiline Resources
Laramide Resources (LAM-T) has withdrawn its $5.3-million hostile takeover bid for Aquiline Resources (AQI-V), after a court turned down its petition to block Aquiline’s transactions on a Mexican prop…
Orogrande seeks gold in Jamaica
Calgary-based Orogrande Resources (ORG-A) is prospecting for gold and copper at its Bellas Gate concessions in Jamaica.The concessions, totalling 42 sq. miles, are 40 miles northwest of Kingston in a …
Iamgold catapulted to status of gold producer
The first gold pour at the Sadiola Hill mine in western Mali has transformed Iamgold (IMG-T) into a producer.”Prior to this event, we were a company with a mine under development. The first pour and t…
MOST ACTIVE ISSUES, Jan. 8-14
ExchgVol(000s)CloseMaymac ExpV29930.43Placer DomeT…
LETTER TO THE EDITOR — Interference by Indonesian gov’t reminiscent of NEP
A paragraph in your editorial on Bre-X Resources, Barrick Gold and the Indonesian government, entitled “Hardball or spitball?’ (T.N.M., Dec. 9/96), represents an unbelievable zenith of naivete on your…
La Chicharra returning gold for Geomaque
The latest round of drilling on the Chicharra gold target in Mexico’s Sonora state has returned encouraging results for Geomaque Exploration (GEO-T).The Chicharra lies 2.5 km northwest of the company’…
THE DIAMOND PAGE — Botswana Diamondfields secures access at Rovic mine
In South Africa, Botswana Diamondfields (BWD-V) is cleaning up after a mud slide that killed 20 people at its Rovic diamond mine in late November.The Vancouver-based company has launched a recovery pr…
Spot prices at a glance (January 13, 1997)
Wednesday, January 8, 1997Price (US)Week’s ChangeGold*$355.80- $13.80Silver*$ 4.66…
Lower gold output hurts Eden Roc
With decreased gold production from its Ivory Coast operations, Toronto-based Eden Roc Mineral (EDN-T) suffered a loss of $3.7 million for the 9-month period ended Sept. 30, 1996. For the same period …
Energold proves up Dominican gold concession
Believing there is potential to double the current resource of 220,000 contained ounces, Energold Mining (EGD-V) has embarked on a minimum 50-hole drill program on the Higo gold concession in the Domi…