Investing in Latin America
The Canadian Council for the Americas (CCA) will host a 2-day conference Feb. 10-11 in Toronto on investing in Latin America. The conference is titled “Mining Investment in Latin America: A view from …
News
Altai buys stake in gas permits
Toronto-based Altai Resources (TSE) has acquired interests in four permits in the Lac St. Pierre natural gas and gas storage joint venture, east of Montreal, Que. A 71% interest in three permits total…
DIAMOND PAGE — Ashton uncovers small kimberlite body in
A small kimberlite body in the Crystal Falls area of southwestern Michigan has been uncovered by Ashton Mining of Canada (TSE). The company has a 51% interest in the project. President David Hurburgh …
STOCK MARKETS — Gold price stalls; TSE 300 index in slide
Gold, which seems to be having trouble cracking the US$400-per-oz. mark, pulled back this week. Entering our report period at better than US$390, the yellow metal was sitting at US$381 in London at pr…
Spot prices at a glance (January 31, 1994)
Week’s Price (US) Change Gold* $381.00 – $11.70 Silver* $ 5.08 – $0.24 Platinum* $380.60 – $12.90 Nickel** $ 2.59 – $0.04 Lead** $ 0.23 $0.00 Copper $ 0.83 – $0.02 Zinc $ 0.45 – $0.01 Courtesy of Scot…
William options Transvaal project
Montreal-based William Resources (ME) has an option to acquire the Malmani gold property in the South African province of Transvaal. The deal is with Braeside Investments of the United Kingdom. Willia…
AMR buys another rare earth factory
Having acquired 60% of a rare earth plant in China last year, Advanced Material Resources (ASE) has bought an 80% joint-venture stake in another such factory in the same country. The former project is…
Bema converts debt to equity
By converting its debt to equity, Bema Gold (TSE) significantly improved its financial position in 1993. Convertible debentures totaling $15.8 million were swapped for equity, and a further 1.1 millio…
LATIN AMERICA ROUNDUP — Nordic options Mexican properties
Having opened an office in Sonora, Nordic Gold (ASE) intends to begin exploration work in compliance with option agreements for three properties in the Mexican state. Oro Verde, El Taco and La Mexican…
Barrick interested in Bre-X
A junior searching for gold and base metal projects in Indonesia has caught the eye of one of North America’s largest gold mining companies. In a written proposal, American Barrick Resources (TSE) has…
First KWG pour from Granada
The first gold brick was poured this month from 3,680 tons of material from the Granada property near Rouyn-Noranda, Que. KWG Resources (ME), which has been custom-milling ore from the No. 1 zone, pla…
NEWS ROUNDUP — Habsburg ends dispute
All claims against Habsburg Resources (VSE) made by Resell Mining (VSE) and Panther Mines (VSE) have been settled. The claims stem from outstanding advance royalty payments left in arrears by the prev…