Word: prospectors
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...found gold in the Serra do Traira region in 1984, the Salesians' paternalistic domain began to crumble. Soon hundreds of Indians were panning streams, only to encounter exploitation from white buyers who paid them 50% below market price for the gold. Then about 2,000 well-armed white garimpeiros (prospectors) appeared. To garimpeiros, "Indians are wild animals -- brutes," says one former prospector. A garimpeiro, he adds, "is not afraid to kill or be killed. He earns easy, spends easy." These prospectors have recently been supplanted by two powerful mining companies that have government concessions to prospect on Indian land. Also...
...first time this decade, U.S. consumption of silver has outstripped production, pushing prices from a $5-to-$6 range past $7 an oz. Meanwhile, mutual funds specializing in North American gold, such as Van Eck Gold/Resources and U.S. New Prospector, benefited from money fleeing South African investments. The extended bull market in stocks has also played a role, as investors have taken profits and sought safe alternatives...
Nordstrom was founded in Seattle in 1901 as a retail shoe store by a Swedish prospector, John Nordstrom, who had struck it rich in the Klondike. Now a publicly traded concern, the firm is still closely controlled by members of the founder's family and propelled by their hands-on style. Says Edward Weller, a senior analyst in the San Francisco office of the Montgomery Securities investment firm: "Nordstrom's movitates people, not just by paying them well but by congratulating them and encouraging them...
Windswept and foggy, Ocean Beach on San Francisco's Pacific side is frequented mainly by surfers and dog walkers -- and now a prospector. Engineer John O'Grady, 71, believes this desolate spot may be one of the most valuable mineral sites on the West Coast. O'Grady thinks that the sand on Ocean Beach contains tons of titanium, a lightweight metal that the U.S. uses in plane fuselages and the Soviet Union has put into submarine hulls. Ocean Beach's titanium could help supply U.S. defense needs into the next century, says O'Grady -- and, at $40 or more...
Yankee ingenuity is not new to this forbidding part of the world. In the last winter of the 19th century, for example, a prospector named Ed Jesson heard that gold had been found on the beach at Nome...