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…
1993
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…
Province sets safety records
The Ontario mining industry achieved its lowest injury rate ever, according to figures released by the Mines Accident Prevention Association of Ontario. The frequency rate of total injuries requiring …
Preble awarded Rand medal
The chief executive officer of Southern Peru Copper Corp. of New York has been awarded the Charles F. Rand Memorial Gold Medal by the American Institute of Mining, Metallurgical and Petroleum Engineer…
Republic Goldfields to restructure debt
Republic Goldfields (VSE) has entered into agreements with its two principal bankers, the Bank of Nova Scotia and the Royal Bank of Canada, to restructure and refinance all of its existing $3.2 millio…
LATIN AMERICA SPECIAL — Ecuador’s copper attracts juniors
Ecuador’s copper deposits have attracted two Vancouver juniors, Kookaburra Resources (VSE) and AG Armeno Resources (VSE), which hope to establish a solvent extraction-electrowinning operation (SX-EW) …
PRODUCER PRICES (March 15, 1993)
ALUMINUM: MW U.S. market US54-55 cents per lb. (Mar. 4, 1993). ANTIMONY: MW New York dealer US78-88 cents per lb. (July 30, 1992). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CAD…
Canarctic study focuses on Coronation Gulf shipping
A shipping season of at least five months is commercially feasible for Coronation Gulf, N.W.T., according to a recent study on Arctic navigation. The study looked at access to and from Coronation Gulf…
INSIDER TRADING — Thunderwood trio pads holdings
A trio of top managers at Thunderwood Resources (TSE) recently took a large share position in the junior explorer. According to the Ontario Securities Commission’s OSC Bulletin, Chairman James Gill bo…
LATIN AMERICA SPECIAL — Economy gathers strength in the
The economy of the Dominican Republic improved markedly in 1991-92, reports the International Monetary Fund (IMF). Real gross domestic product grew by an estimated 6% in 1992 whereas inflation was est…
LATIN AMERICA SPECIAL — Greenstone makes plans for La
Wracked by civil unrest until three years ago, Nicaragua has embraced the mood of Latin America. The doors are open to foreign investment and privatization is in. The operating, 150-ton-per-day (tpd),…