Great Lakes buys into Grouse Creek
A preliminary prospectus for an offering worth up to $35 million has been filed by Great Lakes Minerals (TSE). The company will use US$6.8 million to buy a 20% undivided interest in the Grouse Creek g…
News
ScotiaBank metal sub-index falls in September
In September, the metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index dropped to its lowest level since December, 1985. While copper prices dropped further in October, nicke…
Cyprus Amax drilling hits new zone in Kirkland Lake
A new gold zone has been outlined on the Amalgamated Kirkland property in Kirkland Lake, Ont. The discovery, known as the Cyprus zone, was made during a drilling program by Cyprus Canada, a unit of Cy…
COMMENTARY — Cuba chases foreign investment
The demise of the Soviet Union has ironically left Cuba — romantically known as “the isle of eternal summer” — out in the cold. As a result, the country’s mining and metals sector is now desperately…
Royal Oak overcomes technical problems
Third-quarter earnings of Royal Oak Mines (TSE) reflect problems at the company’s three Canadian gold mines, particularly the Hope Brook operation in Newfoundland. The company said both tonnage and gr…
EXPLORATION ’93 — Western U.S. holds promise for diamond
With diamond fever rising throughout much of North America, several juniors are pinning their hopes on a remote section of the Rocky Mountains near the Colorado-Wyoming state line. One such company, C…
EXPLORATION ’93 — Boliden works copper mine in Sweden’s
Some 27 million tonnes of material are moved annually at the open-pit Aitik copper mine of Boliden in northern Sweden, Mannesmann Demag reports. The equipment manufacturer has two large hydraulic shov…
Milling plans firm up at Albino
Crystallex International (VSE) has appointed consultants Paulo Abib and Kilborn Engineering to provide engineering and project management of a proposed mill at its Albino concession in Venezuela. Euru…
Tri Origin sets out exploration plans
Exploration programs for properties held by Tri Origin Exploration (TSE) were announced to shareholders and analysts at the annual meeting in Toronto. President Robert Valliant outlined a strategy of …
Workshop planned
An ore reserve workshop will be held in Toronto on Nov. 22 and 23 at the Noranda Sales office. The course, being organized by Matrix Consultants, will demonstrate a common-sense approach to testing fo…
Gold Funds (November 22, 1993)
Gold Funds as of Nov. 16 BGR Central Net Value $15.19 $6.07 Price $14.00 $6.75 Premium 11.2% Discount 7.84% Value $85,098,000 $122,170,275…
Financing (November 22, 1993)
Adobe Resources — 1.5 million shs @ 10 cents. Detector Resources — 1.7 million shs @ 10 cents. Grantham Resources — 1.7 million shs @ 10 cents. Lake Placid Resources — 2 million shs @ 10 cents. Pr…