United Kingdom-based Monarch Resources has agreed to sell 7.4 million ordinary (common) shares at $4.50 per share to raise roughly $33.4 million. Proceeds from the offering (which is not available to …
An agreement between Rhand Industries (ASE) and Oxford Investment over the sale of a 70% interest in Atlantis Diamonds has been canceled by mutual agreement. “Unforeseen delays and the inability of Ox…
A drill hole at the Huckleberry property near Kemano, B.C., has returned a 787-ft. intersection, from 113 ft. to 900 ft., averaging 0.83% copper. Owner New Canamin Resources (VSE) reports that the hol…
Three factors — rising interest rates, a falling Canadian dollar and continuing uncertainty over the prospect of Quebec separating from the rest of the country — all combined to give western players…
A shallow hole on World Wide Minerals’ (TSE) Easter project, 110 miles northeast of Las Vegas, Nev., has intersected a wide zone of gold mineralization. Hole E94-8 cut a 90-ft. interval averaging 0.19…
ALUMINUM: MW U.S. market US64-65 cents per lb. (May 19, 1994). ANTIMONY: MW New York dealer US$1.40-1.60 per lb. (May 12, 1994). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). CADM…
The Beartrack gold project in Idaho is now wholly owned by FMC Gold, an 80%-held subsidiary of FMC Corp. (NYSE). FMC acquired 71% of the project as part of its 1990 acquisition of Meridian Gold. In la…
Metal prices continue to show increasing volatility as it becomes more and more evident that supply-demand factors are no longer the primary motivation for price changes. In some cases, prices are ign…
Most people support environmental protection and enhancement programs, but they also want jobs and financial security. Echo Bay Mines is one of the job makers in Canada and the U.S. We’re not big, but…
Junior Claimstaker Resources (VSE) is planning a diamond drill program for the Blackdome gold mine, a former producer near Clinton, B.C. The company has agreed to acquire the mine, together with a 200…
Toronto-listed Teck will drill a minimum 8-hole, 3,000-ft. program at the Salkeld Lake property of Fortune Minerals (CDN). The major can earn a 60% interest in the 1,033-acre property, northeast of Pi…
Toronto-listed CaribGold Resources has drilled nine holes on the Descanso-Melonera project in west-central Cuba. Three holes were drilled at Descanso, four at Melonera and two at Oropesa, a new area w…
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