CIM adds salt to supper at Stratford
The Toronto branch of the Canadian Institute of Mining and Metallurgy is planning a field trip this fall to the Sifto salt mine at Goderich, Ont.The visit to the largest rock salt mine in North Americ…
1995
EDITORIAL PAGE — Unsung heroes
Canada’s prospectors rarely get the respect they deserve for helping to make the mineral industry a cornerstone of thenational economy. The lot of the prospector is perhaps bestsummed up in Winston Ch…
Ivan glitches lead to loss for Minera
Production disruptions at the Ivan copper mine in Chile account for the first-quarter loss of $191,000 experienced by Minera Rayrock (TSE).At the annual meeting in Toronto, President David Crombie tol…
EDITORIAL PAGE — Happy Mining Week!
Rarely do mining organizations in Canada have cause to celebrate the actions of a political leader. Nevertheless, cheers are being heard across the country for Anne McLellan, who has persuaded the Gov…
METAL PRICES (May 15, 1995)
FREE MARKETLondon Metal ExchangeSpot closing prices in $US per tonneDateMay 9May 8May 5May 4May 3Copper2741-2742N/A2722-27322730-27322749-2750Lead578.5-579N/A596-597607-608602.5-603Zinc…
Stillwater posts solid profit
A 20% increase in production and a 13% drop in operating costs enabled Stillwater Mining to post a US$777,000 profit (or 4 cents per share) for the first quarter.These results compare with a loss of U…
OBITUARIES — Robert Hallbauer
Robert E. Hallbauer, the former president and chief executive officer of Cominco, died in Vancouver, B.C., on March 10 after a lengthy illness.Recognized as one of the finest mining men Canada has pro…
Rea Gold tops up its treasury
A private placement of 4 million special warrants at $2 each will provide Rea Gold (TSE) with additional funds to continue work at its Bissett gold project in Manitoba.Underwriters Goepel Shields & Ne…
Analysts predict hot summer at Voisey Bay
Four prominent mining analysts agree that the Voisey Bay nickel-copper-cobalt discovery will continue to be the hot spot for market activity this year.The experts Douglas Leishman of Yorkton Securitie…
Eldorado tops up treasury
A private placement of up to 3.4 million special warrants is expected to raise more than $14 million for junior gold producer Eldorado (TSE).Each unit is priced at $4.15 and converts, at no additional…
Chief Cons. works New Burgin play
Drilling and feasibility work on the New Burgin deposit in Tintic, Utah, continue apace under the direction of owner Chief Consolidated Mining (NASDAQ).The New Burgin represents the downdip extension …
Echo Bay allies with TVI Pacific
In a move aimed at uncovering large gold deposits in the Philippines, Echo Bay Mines (TSE) has formed an alliance with TVI Pacific (ASE).The former will purchase, through a private placement, 5 millio…