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 …
1993
Selbaie mine may be sold to Gencor
The Selbaie copper-zinc mine near Matagami, Que., may be sold to Gencor. The South African company has bid on selected metals and minerals operations owned by Billiton Metals Canada. Negotiations are …
Casino drilling to escalate
With four rigs already turning at the Casino property in the southern Yukon, Pacific Sentinel Gold (VSE) is planning to mobilize at least one more to the property in June. The drilling is part of a $7…
Ashton boosts Canadian diamond spending
Australian diamond producer Ashton Mining plans to spend at least $1.3 million, or about 20% of its diamond exploration budget, to evaluate targets in Canada this year, says Chief Executive John Robin…
Cornucopia reviews Tonkin Springs
With Homestake Mining (NYSE) out of the picture, U.S. Gold (NASDAQ) has signed an agreement giving Cornucopia Resources (TSE) an option to acquire a 55% interest in the Tonkin Springs mine and mill in…
Cyprus, Amax spawn mega mining company
The merger of two of the largest mining companies in the U.S. is expected to create one of the largest in the world. Amax (NYSE) and Cyprus Minerals (NYSE) are proposing to merge into a new entity, Cy…
Greenstone Res. seeks financing
Now that Greenstone Resources has secured total ownership of Panamanian-based Minas Santa Rosa S.A., the next step is to rustle up financing for the gold project. Greenstone picked up the remaining 51…
NEWS ROUNDUP — Royal Oak output below budget
At 65,628 oz., the amount of gold produced by Royal Oak Mines (TSE) in the first quarter was less than expected. The reason: ore dilution problems at the Hope Brook mine on the southwest coast of Newf…
PEOPLE — RADCLIFFE RESOURCES (May 31, 1993)
Richard Pearson assumes presidency; Donald Lyons appointed director.
Mining comes to B.C. students
Students in British Columbia are being introduced to mining through a program produced by the province’s Mining Association (MABC) and a division of its teachers federation. The joint project resulted…
NEWS ROUNDUP — Noble Peak secures funding
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
EDITORIAL PAGE — A passing grade
“There’s a bad perception about the Exchange out there, and I believe this will cure some of that.” That is how Vancouver Stock Exchange Chairman Brian Harwood recently explained an investigation — i…