Inco plans debenture issue
Nickel giant Inco (TSE) is hoping to raise US$150 million through an offering in the U.S. of convertible debentures. The company has filed a preliminary prospectus with the Ontario Securities Commissi…
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MINING IN CHILE — Rio Algom plans expansion for Cerro
The Cerro Colorado project has been producing copper since February and, already, owner Rio Algom (TSE) is talking of expanding. For 1994, output is anticipated to be 60 million lb. copper; for 1995, …
MINING IN CHILE — Collahuasi project at feasibility stage
That the Collahuasi copper project in northern Chile will be large is a given, but equally huge is the impact it will have on the three partners involved. For example, the one-sixth interest of Norand…
LAST BUT NOT LEAST — Cliff ups stake in Cassiar property
Junior Cliff Resources (TSE) can increase its ownership in the Cassiar joint venture to 50% from 30% Situated in northeastern British Columbia, the former-producing Cassiar mine site consists of build…
MINING IN CHILE — S. Amer. Gold and Copper developing
Hoping to become a 100,000-oz.-plus gold producer within the next three years, South American Gold and Copper (SAGC) is busy developing mining projects in Chile. Targeting “non-grassroots” projects wi…
Acquisition may be in works for Royal Oak
A new corporate strategy, a new venture into China and, possibly, a new acquisition will serve as building blocks for the growth of Royal Oak Mines (TSE), President Margaret (Peggy) Witte told shareho…
High River, TVX approve Snow Lake
Shareholders of High River Gold Mines (TSE) have approved a 50-50 joint venture with TVX Gold (TSE), which will lead to development of the Snow Lake gold project in northern Manitoba. The project cons…
Lac des Iles mine enters commercial production
After suffering through an icy winter startup, the Lac des Isles platinum group metals (PGM) mine, 60 miles north of Thunder Bay, Ont., has entered the “commercial production” phase. An operating prof…
Placer Dome building new mines across globe
By the year 2000, Placer Dome (TSE) expects to reach its goal of producing 2.5 million oz. gold per year from operations around the world. The major has four operating units, with numerous development…
NEWS ROUNDUP — Cyprus, Ogy hit gold at Fenelon
Five of six holes on the northwestern quarter of the Fenelon Twp. property in northwestern Quebec have intersected gold-copper vein mineralization. According to operator Cyprus Canada, the best inters…
All-North sells Wellgreen property
Two parties — J.P. Sheridan of Toronto and VSE-listed Northern Platinum — have acquired an option on the Wellgreen property in the Yukon’s Kluane region. The property has been explored intermittentl…
LAST BUT NOT LEAST — Fenton reserves double
Reserves have doubled at the Fenton gold property in the Chibougamau-Chapais area of Quebec. Cache Exploration (ME) says test results indicate a preliminary estimate of 302,976 tons grading 4.24 grams…