During the recent Toronto ’94 show in Toronto, I was able to spend some time as a volunteer at the “Keep Mining in Canada” information display of the Mining Association of Canada (MAC). It was a pleas…
Timmins, Ont.-based Moneta Porcupine Mines (TSE) has agreed to acquire Wounded Bull Resources, a wholly owned subsidiary of Australian-based Pima Mining. Wounded Bull owns two gold properties in the U…
In South America, Chile played a leading role in attracting foreign mining companies, being the first to pass new laws which paved the way for foreign companies to explore for and develop mineral depo…
London Metal Exchange Spot closing prices in $US per tonne Date May 24 May 23 May 20 May 19 May 18 Copper 2296-2298 2278-2280 2223-2224 2246-2123 2202-2203 Lead 486.5-487.5 484.5-485.5 477-478 475-477…
Last week’s gains in base metals prices continued, but these were outshone by gains made by precious metals. Commodity prices, however, had little effect on the Toronto Exchange Stock composite 300 in…
Toronto-listed Caledonia Mining has applied for three prospecting licences in Zambia covering a total area of 2,930 sq. km. The largest licence, the Kadola, covers more than 2,250 sq. km and is prospe…
Industrial minerals and aggregates producer Global Stone (TSE) has reached an agreement with Meriwether Capital to acquire all the issued and outstanding shares of Chemstone Corporation. In addition t…
Toronto-based Repadre Capital (TSE) is buying a 5% net smelter return royalty and a 6% net profit interest in the Limon-India gold operation in Nicaragua. It will receive the royalties in return for p…
In June, Botswana Diamondfields (VSE) will begin evaluating 60 kimberlite targets on its properties in Botswana. Air percussion drilling will be used to extract core from up to three holes at each sit…
Drilling has encountered gold values on Champion Bear Resources’ (ASE) Swimit Lake prospect near Dryden, Ont. Twenty-six holes were drilled to test the depth extension and lateral continuity of gold m…
Producer Glamis Gold (TSE) posted a 12 cents-per-share profit for the third quarter of fiscal 1994, compared with 1 cents per share in the same period of the previous year. The increase is largely due…
The Ontario Prospectors Assistance Program (OPAP) has provided funding for 215 projects this year. The Ministry of Northern Development and Mines says $2 million was allocated to OPAP for 1994. The mi…
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