Copper price plagues Gibraltar
The continual erosion in the price of copper is taking its toll on Gibraltar Mines (TSE). The company reported a loss of $6.2 million in the first nine months of the year and a loss of $3.2 million in…
News
Metal Prices — FREE MARKET (November 15, 1993)
London Metal Exchange Spot closing prices in $US per tonne Date Nov. 9 Nov. 8 Nov. 5 Nov. 4 Nov. 3 Copper 1637-1638 1641-1642 1653-1654 1627-1628 1620-1621 Lead 398-399 395-396 399-400 393-394 392-393…
Westward selling Preview project
Faced with a financing deadline, Westward Explorations (VSE) will sell its 20% interest in the Preview Lake gold project in Saskatchewan. Cameco and Uranerz Exploration and Mining, which hold 50% and …
Arizona Star sticks with Aldebaran
A positive pre-feasibility study of the Aldebaran property in Chile has prompted Arizona Star (VSE) to proceed toward completion of a final study. Arizona Star is earning a 51% interest in the propert…
Hemlo hits gold in Sugar zone
Hemlo Gold Mines (TSE) has drilled 0.5 oz. gold per ton over 12.5 ft. on the White River project near Ontario’s Hemlo camp. The company is earning a half interest in the project. Partners Akiko Gold R…
Nunavut open for business (November 15, 1993)
Canada’s aboriginal people are sometimes accused of being anti-development. But nothing could be further from the truth, according to Paul Quassa, president of Nunavut Tunngavik, a corporation compose…
Underground expansion in the cards at Campbell mine?
Officials of Placer Dome (TSE) are seriously considering extending the life of the Campbell gold mine in Balmerton, Ont. The estimated price tag: $40 million. “We are assessing various options for dev…
NEWS ROUNDUP — Metall shows results from Schreiber
A 10-hole, 2,163-metre program has wound down at the Big Duck gold property near Schreiber, Ont., reports operator Metall Mining (TSE). Two holes were completed on the Coco-Estelle zone, which is west…
Wheels in motion for merger between Hecla Mining and Equinox
The wheels are in motion for a merger between Hecla Mining (NYSE) and Equinox Resources (TSE). The agreement-in-principle, initiated by Hecla, calls for Equinox shareholders to receive 0.3 Hecla commo…
NEWS ROUNDUP — Mink, Viceroy expand Mali ground
Partners Mink Resources (VSE) and Viceroy Resources (TSE) are expanding their exploration program in West Africa. The joint venture will now explore a property owned by the Bureau de Recherches Geolog…
Claim status easier to find
The Ontario Ministry of Northern Development and Mines recently introduced its new CLAIMS client services which provide simple electronic access to information on claim status and ownership. Prospecto…
PEOPLE — DANKOE MINES (November 08, 1993)
Antonio Mabanta appointed director. N5…