Budget blues
The mining industry had been lobbying for measures that would allow companies to defer tax on the earnings in Mine Reclamation Trust Funds until withdrawn for reclamation purposes. The budget did not …
News
NEWS IN BRIEF (March 06, 1995)
Consolidated Bonanza Metals (CZT:ASE) has changed its name to Mincor Resources (CZT:ASE) on a share-for-share basis.
EXPLORATION ’95 — Improved metals prices help — Activity on
Improved mineral prices sent companies with low-risk, fast-return projects back to work in British Columbia last year, causing a moderate upswing in activity. The 1994 review of the provincial Ministr…
EXPLORATION ’95 — Kirkland Lake region undergoing
After years of relative quiescence, exploration activity is once again on the upswing in Ontario’s prolific Kirkland Lake gold camp. With a past production history totalling nearly 39 million oz. gold…
EXPLORATION ’95 — Manitoba mineral exploration expenditures
The province of Manitoba last year experienced its highest exploration expenditures in four years; ministry of energy and mines personnel estimate that $40 million was spent in this area. By year-end,…
EXPLORATION ’95 — Search for diamonds continues in
Diamond exploration expenditures were the main area of growth in Saskatchewan in 1994, rising by more than 60% from the previous year. The ministry of energy and mines estimates that total surface min…
EXPLORATION ’95 — Higher prices makes moly projects
Molybdenum generated little interest in past years because of poor market conditions and depressed prices. But all that appears to have changed. Today, moly oxide prices are at the US$15.50-16.50-per-…
Gold Funds (March 06, 1995)
BGR Central Net Value $16.23 $6.52 Price $12.88 $6.25 Discount 20.67% 4.1% Value $127,058,000 $113,120,625…
Southern Peru defers offering
Peruvian copper producer Southern Peru Copper has deferred the public offering of its common stock. The planned offering was a secondary offering by three of the company’s shareholders. Southern Peru …
Correction (March 06, 1995)
Vancouver-based Ariel Resources (TSE) reported a net profit of US$180,000, or US0.019 cents a share. Incorrect information appeared in our issue of Feb. 20.
EXPLORATION ’95 — La Plata Gold evaluating King Tut play in
Geologist Chet Idziszek is probably better known for his work on the Eskay Creek gold mine project in northwestern British Columbia, or the advanced Petaquilla copper project in Panama, than for being…
EXPLORATION ’95 — First Nations seek ties with mining
The chief of the Dawson First Nation, Steven Taylor, says mining companies have to recognize that, with the implementation of First Nation self-government, aboriginal people will want to play a larger…