With development drilling indicating substantial new reserves, Goldcorp (TSE) will increase annual production at its mine in Red Lake, Ont., to 150,000 from 50,000 oz.Kilborn Engineering Pacific estim…
Declining operating costs were not sufficient to stave off a year-end loss for Amax Gold (NYSE).The company recorded a net loss of US$23.9 million (or 36 cents per share) in 1995, which is nevertheles…
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Several members of the Team Canada trade mission to Asia recently negotiated investment deals in Indonesia that will affect Ontario’s mining and exploration industry.The signings, which include memora…
A placement of 3.3 million special warrants has raised gross proceeds of $16.6 million for Orvana Minerals (TSE). The warrants are exchangeable for shares at no additional cost.Orvana will receive hal…
A private placement will enable Avalon Ventures (VSE) to finance work on its Quebec and Ontario gold projects, as well as acquire new properties.The company has placed 1.5 million units at 40 cents pe…
ALUMINUM: MW U.S. market US75 cents-76 cents per lb. (Jan. 19, 1996).ANTIMONY: MW New York dealer US$2.00-2.20 per lb. (Dec. 8, 1995).BISMUTH: MW New York dealer US$4.10-4.30 per lb. (Dec. 8, 1995).CA…
Canarc Resource (TSE) is proceeding with a $5-million feasibility study on its fully owned Polaris-Taku gold project in northwestern British Columbia, following a positive assessment of the project’s …
London Metal ExchangeSpot closing prices in $US per tonneDateJan. 30 Jan. 29Jan. 26 Jan. 25 Jan. 24Copper2550-2553 2504-25062497-2502 2548-25532560-2565Lead724-725 716.50-717.5720.5-721.5 7…
Trenching on the Escobal gold project in Mexico’s Sinaloa state has enabled Santa Cruz Gold (CDN) to outline gold mineralization.Results include 39 metres of 1.1 grams gold per tonne, 84 metres of 1 g…
The latest hole drilled on the Taylor Brook property of Stratabound Minerals (ASE) shows a wider, but weaker, mineralized zone.Hole 18, collared 100 metres east of hole 17, intersected a 42-metre zone…
Washington state-based Royal Oak Mines (TSE) has responded to disappointing year-end results by announcing decisions aimed at increasing the profitability of its gold-mining operations.At the end of t…
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