Repadre drops plan to buy royalty
Having completed a due diligence review, Repadre Capital has decided not buy a 5% net smelter return (NSR) royalty on Greenstone Resources’ (TSE) Santa Rosa gold mine in Panama. Greenstone was to have…
News
Sunshine Mining options IGR’s Ouray gold project
A wholly owned subsidiary of Toronto-listed International Gold Resources (IGR) has entered a lease and option agreement with Sunshine Mining and Refining (NYSE). The agreement covers the exploration, …
NEWS ROUNDUP — Hemlo options Thunder Creek
An option agreement concerning the Thunder Creek property, found west of Timmins, Ont., has been signed by Band-Ore Resources (CDN), the property owner, and Hemlo Gold Mines (TSE). Hemlo can earn a 60…
NEWS ROUNDUP — Glen Auden drills alteration zone
CDN-listed Glen Auden Resources has encountered what appears to be promising mineralization at a property near Casa Berardi, Que. The junior has drilled eight holes on the 2-claim property, which is u…
NEWS ROUNDUP — Sikaman, LAG join forces
Two juniors — Sikaman Gold Resources (TSE) and Latin American Gold (VSE) — have agreed to collaborate in an effort to secure, evaluate and, if appropriate, develop several properties in Argentina. L…
Eldorado boosts La Colorada reserves
The owners of La Colorada gold mine near Hermosillo, Mexico, report an operating rate of 25,000 oz. per year and an increase in minable resources to 305,000 oz. Eldorado (TSE) has a 70% interest in th…
Keylock samples Number 9 vein
Channel sampling on the Number 9 vein at the Gordon Lake property northeast of Yellowknife, N.W.T., continues to yield high-grade assays. Keylock Resources (ASE) reports that samples have run as high …
EDITORIAL PAGE — The battle for public support
The recent signing of the Whitehorse Mining Initiative Leadership Accord was viewed as a major achievement by the mining industry — the start of a process to solve problems through dialogue, with env…
FACTS & FIQURES — Some optimism for zinc market
Figures published by the International Lead and Zinc Study Group show that between 1979 (the last cyclical peak) and 1992 (the last year for which it has figures), the consumption of zinc in galvanizi…
METAL PRICES — FREE MARKET (October 03, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Sept 27 Sept 26 Sept 23 Sept 22 Sept 21 Copper 2548.5-2549 2553-2554 2555.5-2556.5 2519.5-2520.5 2518-2519 Lead N/A 618.5-619.5 620.5-62…
INSIDER TRADING — Aber executives active
Two senior officers of Aber Resources (TSE) exercised options and bought and sold shares in August. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Robert Hindson exercis…
Joutel set to drill three Cuban gold discoveries
Drilling is scheduled to begin shortly in Cuba on three new gold discoveries belonging to Joutel Resources (TSE). The first discovery, La Zona Barita, is on the Sierra Maestra concession in the southe…