Special event for Science North
The Ontario Ministry of Northern Development and Mines will provide a grant of $10,000 to Science North in Sudbury, Ont., for a special event celebrating the science and technology being developed and…
1995
Amax developing Fort Knox project
Now that the board of directors of Amax Gold (NYSE) has flashed a green light for the Fort Knox gold project, negotiations for financing are under way. Situated 15 miles northeast of Fairbanks, Alaska…
Newmont Gold finances development projects
Proving that the cost of exploration and development is not cheap, Newmont Gold (NYSE) spent about US$400 million on several capital-intensive projects, as well as US$69 million on worldwide explorati…
EDITORIAL PAGE — WCB’s confidence crisis
Federal and provincial politicians are not the only public servants being taken to task for poor fiscal management. Management at the provinces’ Workers’ Compensation Boards (WCBs) is also coming unde…
ODDS”N”SODS — Fellowship along on the trail
The trails in mining and exploration are rugged, steep and well-marked with the footprints of a host of adventurers who have set forth with high hopes, faith and determination. These same trails trave…
Commodity index on a roll
The commodity price index of the Bank of Nova Scotia recorded its fifth straight gain in December. The small monthly gain from November was helped by stronger metals and agricultural prices. For 1994,…
Spot prices at a glance (February 13, 1995)
Wednesday, Feb. 8 Week’s Price (US) Change Gold* $374.80 – $1.45 Silver* $4.67 – $0.01 Platinum* $408.75 – $6.75 Nickel** $3.62 – $0.76 Lead** $0.25 – $0.04 Copper $1.28 – $0.05 Zinc $0.45 – $0.06 Cou…
NEWS ROUNDUP — Exall, MacMillan option Wakadanawa
Two TSE-listed juniors — Exall Resources and MacMillan Gold — intend to explore and develop a large gold prospect in southern Guyana. Known as the Wakadanawa, the 60,000-acre property lies in a rela…
Hemlo to drill Northfield holdings
Toronto-listed Hemlo Gold Mines will conduct surface drilling on several deep gold targets on Northfield Minerals’ (TSE) holdings in northern Ontario. Hemlo can earn a half interest in 46 claims, whic…
Work program at Gross Rosebel
Near the coast of Suriname, Golden Star Resources (TSE) and Cambior (TSE) have completed trenching and drilling on the Gross Rosebel gold prospect. The program, which cost US$3.7 million, was aimed at…
METALS COMMENTARY — Metals in period of consolidation
After rising almost non-stop throughout 1994, most metals are showing some signs of consolidating despite the fact that inventories are starting to decline slowly but steadily. Producers of most metal…
OroGrande interested in Brazil
Alberta-listed OroGrande Resources, formerly known as Trev, intends to acquire an 80% interest in the Princeza gold mine property in Brazil’s Paraiba state. The junior will spend $3.3 million and make…