OBITUARIES — McClelland helped Placer grow
The last of Placer Development’s early builders, Thomas McClelland, died recently here at his home. He was 84. McClelland earned a mining engineering degree at Berkeley, Calif., and learned the practi…
1994
LETTERS TO THE EDITOR — Claims staked years earlier
The Odds `n’ Sods article “An outstanding exploration team” (T.N.M., March 14/94) refers to prospecting carried out in northwestern British Columbia by Einar Kvale and Tom McQuillan, reportedly in the…
Newmont merger approved — Yanacocha expansion in works
The Minera Yanacocha gold mine in northern Peru will be expanded to increase output in 1995. Newmont Mining (NYSE), which owns 38% of the mine, says production will rise to 350,000-400,000 oz. from th…
Adex options Guyanese project
Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…
NEWS ROUNDUP — Ramrod picks up Carlin ground
In purchasing Westmont Gold, Consolidated Ramrod Gold (TSE) has acquired interests in several properties in the Carlin Trend of northeastern Nevada. The properties cover more than 15,000 acres and Ram…
China imposing a sales levy on miners
China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …
OBITUARIES — Ken Polk
A geologist for more than 30 years, George Kenneth Polk died recently in Oliver, B.C., following a heart attack. He was 63. A native of North Bay, Ont., and raised in Rouyn-Noranda, Que., he graduated…
Caledonia offshoot nets record profits
Filon Sur S.A., the 25%-owned Spanish gold and silver mining subsidiary of Caledonia Resources (TSE), enjoyed record profits of $1.6 million in 1993. Filon operates an open-pit, heap-leach gold and si…
All-North options southern project
Junior All-North Resources (VSE) can earn a 45% interest in El Oro, a gold property 100 km northwest of Mexico City. An agreement in principle, reached with a Mexican mining company, calls for All-Nor…
Toronto Stock Exchange Indices (April 04, 1994)
— 1994 — Mar 29 Mar 28 Mar 25 Mar 24 Mar 23 High Low Composite”300″ 4393.61 4487.97 4528.29 4569.65 4609.93 4609.93 3518.31 Metals&Minerals 3669.09 3766.35 3742.90 3802.51 3870.68 3879.59 3495.59 In…
Opawica in Ghana
Toronto-listed Opawica Explorations is set to acquire privately owned Alex MacIntyre and Associates (AMAL). An agreement in principle calls for Opawica to pay $1.5 million in cash and issue 725,000 co…
Battle Mountain gets leeway in Crown Jewel ruling
An arbitrator has ruled that Battle Mountain Gold (NYSE) is not required to make the first two US$1-million penalty payments to Crown Resources (TSE) under the companies’ Crown Jewel joint-venture agr…