1995


La Colorada turns up more gold

Stepout drilling at La Colorada, a mine property east of Hermosillo in Sonora state, Mexico, continues to return wide intersections of oxide gold mineralization. Eldorado (TSE) owns and operates an op…


American Gem signs major sapphire sales agreement

Chicago-based jewelry manufacturer IWI Holdings (NASDAQ) intends to purchase, on an annual basis, between 100,000 and 500,000 carats of commercial-grade sapphires from Montana-based American Gem (TSE)…



LETTERS TO THE EDITOR — Vendors terminated option

I would like to bring your attention to an error in your Feb. 6 edition. In the “News Roundup” column on Page 3, in the story “Blue Emerald eyes yellow metal,” it is stated, in reference to the compan…


NRC seeks to increase spending on machinery

The machines that run Canadian industry are getting smarter, friendlier to the environment and more reliable, all because of collaborations with research and development bodies such as the National Re…


Viceroy out of MK Gold deal

Toronto-listed Viceroy Resource will not proceed with the private purchase of 9 million common shares representing 46.4% of MK Gold (NASDAQ). The deal involved Morrison Knudsen (NYSE), MK Gold’s large…


Golden Star OKs share exchange

The shareholders of Golden Star Resources (TSE) have approved an exchange of shares. One old common share of the company will be exchanged for one new common share and one-fifth of one Class B common …


Accounting firm publishes survey for mining industry

Chartered Accounting firm Peat Marwick Thorne has issued its 1994 Financial Reporting Survey of the mining industry. The survey reviews the accounting and financial reporting practices of 50 mining co…


Future of B.C. exploration in question

A much discussed topic at the 12th Annual Cordilleran Geology and Exploration Roundup was the role played by junior companies and by the Vancouver Stock Exchange in the discovery and development proce…



Mobrun reserves up as production starts on schedule

The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…


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