News

Toronto-listed Teck intends to buy a 51% interest in a property near Timmins, Ont., from Band-Ore Resources (CDN). To do so, it must spend $800,000 on exploration over the next four years and pay $105…

The management of Aaron Oil (ASE) has decided to divide the company’s oil, gas and mining assets into two separate companies. The division is planned to enhance shareholder value and increase financin…

Federal Finance Minister Paul Martin will address a May 4 joint luncheon during the Toronto ’94 mining show. The luncheon will be part of the Minerals Outlook Conference, a 1-day event sponsored by th…

Diamonds appear to be the primary attraction in Brazil. KWG Resources (ME) is producing diamonds from its Charneca property in the east. Previous estimates put the grade of the alluvial deposit in the…

The increase in diamond exploration in North America and the advanced stage of several projects in Canada’s North have triggered interest in De Beers Consolidated Mines and its marketing arm, the Cent…

We wish to convey our disappointment with the March 7, 1994, editorial page cartoon. As we view it, your newspaper, to which we subscribe, is trying to make fun of someone who has difficulty with the …

Partners BHP Minerals Canada and Dia Met Minerals (TSE) have applied to drive a decline and bulk-sample a third kimberlite pipe at their diamond project near Lac de Gras in the Northwest Territories. …

Simon Fraser died recently while riding his horse on his beloved grounds in Scotland. I met Simon for the first time during the second half of the sixties. We were both involved in a fund investing in…

North American stock markets finished the week on an upbeat note as investors re-entered the fray in search of bargains. On April 5, the Toronto Stock Exchange 300 index rallied 43.19 points to 4,273….

Week’s Price (US) Change Gold* $385.10 – $1.65 Silver* $ 5.53 – $0.08 Platinum* $407.75 – $0.25 Nickel** $ 2.49 – $0.05 Lead** $ 0.20 – $0.01 Copper $ 0.85 – $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scot…

Prospects for the Yanacocha district of northern Peru are looking up on news that American Barrick Resources (TSE) is meeting with drilling success at its Corona project. The property features a large…