To accelerate its search for diamonds in the Central African Republic, Radisson Mining Resources (ME) has acquired two diver-operated mining systems.The new equipment will be used to recover diamonds,…
A deal to buy the Bolivian company that owns the Capa Circa property in that country will give Da Capo Resources (VSE) full ownership of the gold project.Until now, Da Capo was able to earn an initial…
Exchg Value($000s)HighLowCloseChange Barrick Gold T224594$41 1/239 5/840 5/8+ 1/4Placer Dome T157767$39 1/837 1/438 3/8+ 3/8Inco Ltd T113057$49 1/445 5/849 + 3TVX Gold Inc T…
Cyprus Canada, the Canadian unit of Cyprus Amax (NYSE), will carry out geophysical work and diamond drilling on properties held by Roxmark Mines (TSE) near Geraldton, Ont.Cyprus is earning a 60% inter…
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…
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…
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