News

Despite a rock slide at its Twin Creeks mine in Nevada last December, Santa Fe Pacific Gold (NYSE) saw its overall earnings, reserves and production increase in 1994. The company earned US$56.7 millio…

Noranda Mining & Exploration (NM&E), a wholly owned subsidiary of Noranda (TSE), will spend $84 million to develop the Bell Allard zinc-copper deposit, near the company’s Matagami division in northwes…

Having received final drill results from its properties near Springdale, Nfld., Major General Resources (VSE) intends to continue exploring its 564 claims in the area. The claims cover a 15-km strike …

Partners Cominco Resources International (TSE) and X-Cal Resources (VSE) will soon begin drill-testing the Eureka gold project in Nevada. Cominco will earn an initial 60% interest by paying US$130,000…

Last year’s takeover of Lac Minerals is expected to boost Barrick Gold’s (TSE) gold production to 3.1 million oz. this year, up from 2.3 million oz. in 1994 and 1.6 million oz. in 1993. This hefty gro…

Trenching on the San Fernando gold project in Mexico is returning gold values for owner San Fernando Mining (TSE). The trenching returned 0.14 oz. per ton across a continuous exposure of 62.2 ft. in t…

Semi-monthly reports as of Jan 31, 1995 showed 239,236,777 shares of 783 issues compared with 244,193,506 shares of 792 issues on Jan 15, 1995. Larger individual positions included: Aber 49,040, down …

Junior Roxmark Mines (TSE) can acquire Placer Dome’s (TSE) Key Lake gold property in Ontario’s Lindsey Twp. Previously, in an area referred to as the East pit, Placer drilled two vertical holes, 250 m…

The World Mining Congress is planning its “Investment potential in Asia” conference and exhibition for May 29-31 in Suntec City, Singapore. For more information, write IIR Singapore, Suite 08-03 Golde…

Anthony Petrina and William Stanley appointed directors.

George Faulkner appointed director.

Alex Bissett appointed president.