USMX acquires Ecuadorian firm
Colorado-based USMX (TSE) has acquired all of the outstanding capital stock of Mega Minerals, an Ecuadorian company which holds title to eight exploration concessions in the South American country.In …
News
Spot prices at a glance (May 29, 1995)
Wednesday, May 24Week’sPrice (US)ChangeGold*$382.90-$0.50Silver*$5.40+$0.02Platinum*$431.75+$3.10Nickel**$3.43+$0.12Lead**$0.28+$0.01Copper$1.29+$0.03Zinc$0.47 $0.00Courte…
EDITORIAL PAGE — A catalyst for change
The Voisey Bay nickel-copper-cobalt project has sparked the largest staking rush ever seen in Atlantic Canada, with more than 100,000 claims registered in Labrador since the discovery was announced la…
Companies (May 29, 1995)
Aber Akiko GoldAltaiAmax GoldAshton Mng CanAurAurizonBarrick GoldCaledoniaCamphor VCanyonChampionChannelConquistdr Cons SamrkdContl PacfcDiamnd FldsEcho BayElectra MngFalcon…
Electra plans to prolong Aurora’s output
While mining has temporarily ceased at the Aurora gold mine in southwestern Nevada, Electra Mining Consolidated (VSE) expects that production from existing ore on the heap-leach pads will continue int…
Musto shareholders support offer
Shareholders of International Musto Explorations (TSE) have tendered almost 33.4 million shares (or about 98% of those that are outstanding) in favor of a bid made by Rio Algom (TSE) and Australian-ba…
Kinross takes on Nevada project
For a half interest in the Goldbanks gold property near Winnemucca, Nev., Kinross Gold (TSE) will pay Restoration Minerals, a small private company, US$6 million and 800,000 shares of Kinross stock.Ki…
Funding gives Quebec mines opportunity for new lease on life
A little government money goes a long way underground, says Jean-Guy Rivard, president of Richmont Mines (TSE).Richmont is one of five mining companies in la belle province to snag a share of a $5-mil…
EDITORIAL PAGE — Expect the unexpected
Residents of Ontario will go to the polls in early June to decide which political leader will hold the reins of power for the next four years. And not long after that, British Columbians will do the s…
LETTER TO THE EDITOR — RTF method unique to Geco
I read, with special interest, the Odds ‘n’ Sods article by Mr. S.J. Hunter referring to the Geco mining system (T.N.M., May 15/95). Mr. Hunter’s frequent contributions and references to unique indivi…
INVESTMENT COMMENTARY — Investors advised to pursue promising junior
With the takeover of International Musto Resources (TSE) by Rio Algom and Australian-based North Ltd. all but complete, investors may be on the lookout for juniors exhibiting similar exploration poten…
Magma buys back outstanding warrants
In an effort to prevent stock dilution, Magma Copper (NYSE) is offering to buy back its outstanding warrants.The company will pay US$8.25 for each of the 4.1 million publicly traded warrants, which ha…