CLAIMS in Kirkland Lake
The mining recorder’s office in Kirkland Lake, Ont., has become the ninth provincial site to offer electronic access to information on mining claims. This has been made possible by the expansion of th…
1995
Eritrea welcomes foreign investment
The government of Eritrea is hoping a new mining policy and investment law will help open up this Horn of Africa country to foreign investment. A delegation of Eritreans attended the recent convention…
Echo Bay in black despite lower output
Despite lower production levels, Echo Bay Mines (TSE) managed to turn a profit in 1994. The company earned US$8 million (or 7 cents per share), compared with US$3.6 million (or 3 cents per share) in t…
B.C. regulators launch hearing
The British Columbia Securities Commission (BCSC) has suspended trading in VSE-listed Beauchamps Exploration and Beaufield Consolidated Resources while it continues an investigation into the affairs o…
Geomaque to up San Fran output
Having increasing reserves at the San Francisco gold project in Mexico, Geomaque Explorations (TSE) now intends to expand production. Last year, the company increased minable proven and probable reser…
INVESTMENT COMMENTARY — Tiomin viewed as having upside
Allan Ferry, research analyst for Toronto-based Thomson Kernaghan & Co., believes Tiomin Resources (ME) is well positioned to develop its Natashquan heavy mineral sands project in Quebec. Tiomin is al…
Aussie firm cuts spectacular assay
A spectacular gold intersection in Western Australia has Great Central Mines N.L. of Melbourne smiling. The company, which trades on NASDAQ in the U.S., cut 10 ft. grading 46 oz. per ton at a depth of…
DIAMOND NEWS ROUNDUP — Brazil focus for Canabrava
In Brazil, an intense $2-million exploration phase initiated in June, 1994, is nearing completion for Canabrava Diamond (VSE). The project consists of 21 properties totalling 680,000 hectares, which a…
Spot prices at a glance (March 20, 1995)
Week’s Price (US) Change Gold* $386.60 + $3.50 Silver* $ 4.73 + $0.05 Platinum* $422.75 + $3.25 Nickel** $ 3.41 – $0.06 Lead** $ 0.26 $0.00 Copper $ 1.32 $0.00 Zinc $ 0.46 $0.00 Courtesy of Scotiabank…
EDITORIAL PAGE — Thumbs up for diamond mines
Anyone who has flown in Canada’s North has probably picked up a copy of Above & Beyond, the in-flight magazine published for Inuit-owned First Air. The glossy publication is unabashedly bullish on min…
Ontario minerals headed by gold
Gold was the top mineral produced in Ontario by value in 1994, repeating its performance from a year earlier. According to the mineral sector analysis branch of the Ontario Ministry of Northern Develo…
GOLDFUNDS (March 13, 1995)
BGR Central Net Value $15.83 $6.30 Price $13.25 $6.375 Discount 16.29% Premium 1.2% Value $123,856,000 $115,383,038…