Gold bullion prices rose US$3.35 to close at US$383.60 per oz. at the end of our report week. The Toronto Stock Exchange gold and silver index fell slightly to 10,372.40 from 10,497.00. Most of the ma…
Trading activity remained relatively steady on western markets over the week, despite nagging uncertainty about interest rates and the fate of the looney. Adding to the unease was speculation about a …
Weak metals prices and production cutbacks took their toll on Noranda (TSE), which lost $37 million in 1993, compared with net earnings of $79 million in the previous year. Earnings from mining and me…
To demonstrate its confidence in several projects in the western U.S., Summo Minerals has announced plans to make a public offering this spring. The most advanced of its projects is in San Juan Cty., …
Despite, or perhaps because of, the exodus of numerous companies to offshore destinations, some British Columbia-based juniors have opted to stay put. Consider CanQuest Resource, which is planning a p…
The proven and probable gold reserves of Santa Fe Pacific (NYSE) jumped 26% during the second half of 1993. The biggest boost was experienced at the Twin Creeks mine near Winnemucca, Nev., mainly in t…
The principals behind two hugely successful royalty companies are aiming to roll out another such entity. The targeted royalty investments this time are gold properties in Latin America. Currently, th…
In 1993, the value of Canada’s mineral production increased by 1.9%, or about $700,000, from the previous year. Preliminary estimates by the federal Department of Natural Resources indicate that the v…
Mining investment opportunities in Africa will be the focus of a conference June 6-8 in Denver, Colo. Mines ministers from about 15 countries in sub-Saharan Africa are expected to attend. Organized by…
A proposal in which American Barrick Resources (TSE) offered to acquire property joint-venture options and an equity stake in Bre-X Minerals (ASE) has been rejected. “We declined Barrick’s offer becau…
The town of Cobalt, a quiet hamlet today, is said to be the cradle of Canadian mining. True, the discovery of nickel in Sudbury preceded development of the Cobalt silverfields (and to this day, Sudbur…
To ensure the stability of their copper-zinc mining project, operators of Les Mines Selbaie in northwestern Quebec are monitoring excavations with time domain reflectometry (TDR). The cable-testing te…
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