Redaurum (TSE) says output reached 225,516 carats, thanks partly to the comissioning of the phase III plant.In November alone, a 65-carat diamond was mined.The company anticipates production of 500,00…
The Swedish mining inspector’s office reports that diamond exploration permits now cover most of the country.Interest has been strong since August 1994, when Australia-based Ashton Mining announced th…
Madsen Gold (TSE) has raised $402,500 in a flow-through share offering.The funds will be applied to underground exploration costs at the past-producing Madsen gold mine in Red Lake, Ont. In addition t…
Gold and energy stocks drew the Toronto Stock Exchange upward through the first four days of the report period ended Jan. 9, culminating with a record high on Jan 8. But weakness in technology stocks …
Rouyn-Noranda, Que.-based junior Noveder (ME) has signed over its 40% interest in the Nugget Pond gold project to partner Richmont Mines (TSE).Situated on Newfoundland’s Baie Verte Peninsula, Nugget P…
Wednesday, January 10, 1996Week’s Price (US)ChangeGold*$396.75+$6.25Silver*$ 5.54+$0.19Platinum*$415.85+$9.85Nickel**$ 3.42+$0.08Lead**$ 0.31$0.00Copper $ 1.18-$0.07Zinca$ 0.4…
A newly formed joint venture will explore a Portuguese property underlain by the famous Iberian Pyrite Belt.The partners include Auspex Minerals (VSE), Cumberland Resources (VSE), International Vestor…
With its initial public offering now complete, Canmex Minerals (VSE) will launch drill programs on its two main Mexican properties in the second quarter.The company issued 2 million shares at $1 each,…
Drill results from the Devil’s property in Saskatchewan have prompted owner Petro Plus (ASE) to plan drilling for next summer.Results to date have shown consistent values over minable widths. The 1996…
Alberta-listed Timbuktu Gold has gained a gold property in Mali, West Africa.The company, formerly known as Choice Software Systems, bought a 32-sq.-km package of gold concessions from British-based A…
With an additional $408,000 in its coffers, Band-Ore Resources (CDN) plans to explore three properties in northern Ontario and Quebec.The bulk of the funds, raised in a flow-through share financing, w…
Drill results from the Microonda epithermal gold property in Argentina are proving consistently encouraging for Yamana Resources (TSE) and Noranda Mining & Exploration (a unit of Toronto-listed Norand…
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