News

Some of the proceeds from a recent $42-million private placement has been used by Venezuelan Goldfields (VSE) to complete acquisition of the Oro Uno property in Venezuela. The company has $20 million …

Operating losses have prompted Gibraltar Mines (TSE) temporarily to shut down the McLeese Lake open-pit copper mine and mill. The recent drop in the price of copper made it necessary to conserve cash,…

Drilling will soon begin on Stroud Resources’ (TSE) Hislop Twp. gold property near Timmins, Ont. The program will be carried out at the Creek zone where preliminary reserves total one million tons gra…

A private placement of three million units at 75 cents each has been completed by Platinova A/S (TSE). Each unit consists of one common share of Platinova plus one warrant to buy one additional share …

An agreement between Stratmin (ME) and St. Genevieve Resources (TSE) gives the former the right to develop and operate two new technologies for graphite purification and laminated graphite. The purifi…

Shareholders of Cal Graphite (VSE) are being offered two transferable rights for each common share held. Each right entitles the holder to buy one common share for $1.40 per share. The offering will r…

Gold sales for Consolidated Nevada Goldfields (TSE) during the nine months ended March 31, totaled 18,294 oz. at an average price of US$384 per oz. Despite the premium to spot prices which averaged ab…

— Week — Jun 1 May 31 May 28 May 27 May 26 High Low Composite”300″ 3856.87 3882.68 3866.44 3869.72 3865.17 3883.42 3854.32 Metals&Minerals 2907.15 2952.02 2937.53 2944.09 2927.40 2952.02 2907.15 Int…

Demand for silver exceeded total new supply by 88.6 million oz. in 1992, the third consecutive year the market has been in a net deficit position, according to a survey released today by the Washingto…

I was recently in India visiting mining establishments under the auspices of the United Nations Development Program (UNDP). Canadian mining companies and entrepreneurs will be interested in the econom…

Charles William Pegg, a well-known exploration geologist who helped find several orebodies in Canada, died recently at age 67. Mr. Pegg was credited with locating the Mobrun deposit near Rouyn/Noranda…

A director of exploration with Inco Exploration and Technical Services, John Allan Sauerbrei, died recently of cancer in Sudbury, Ont. He was 55. The Queen’s University graduate (with a B.Sc. and M.Sc…