Kinross acquires U.S. gold bets
Even before Kinross Gold (TSE) made front page news this week with its purchase of Falconbridge gold it had begun building an asset base with the acquisition of two small U.S. gold mines and two minin…
1993
Amer. Barrick earnings jump 72%
A consistently outstanding performance at its Goldstrike mine in Nevada helped American Barrick Resources (TSE) post significant increases in production, earnings and cash flow for the first six month…
NEWS ROUNDUP — Soquem exercises MSV warrants
Exploration in the Chibougamau, Que., area will get an extra boost following Soquem’s decision to exercise warrants of MSV Resources (ME). Under a $1.2 million private placement agreement signed last …
NEWS ROUNDUP — Glimmer, Hemlo to drill 31 holes
A 31-hole, 4,600-metre program will be completed on the Hislop Twp. property in northeastern Ontario this year, says Glimmer Resources (VSE). The program, expected to cost $322,000, is designed to pro…
EDITORIAL PAGE — When good news is no news
American Barrick announces an astonishing 72% rise in profits in the first half of the year. But such sterling financial performance garners hardly a ripple in the financial news columns. It’s given m…
MAPAO granted civic award
The Mines Accident Prevention Association of Ontario (MAPAO) has been presented with two awards from the city of North Bay. Both awards were given for MAPAO’s “significant contribution to the outstand…
NO HEADLINE (July 26, 1993)
Despite a flurry of exploration in the Northwest Territories, where an estimated 30 exploration camps and several drills are active, the speculative diamond market is in the doldrums. The shares of ma…
Canarc acquires options in Guyana
Under an option agreement, Canarc Resource (VSE) can earn a 35-65% interest in four gold properties near the Cayuni and Barama Rivers in northwestern Guyana. It can earn an initial 50% interest in eac…
Ownership dispute ends at White River
An ownership dispute over the White River project has been settled, allowing Akiko Gold (VSE) and Gold Giant Minerals (VSE) to form an exploration joint venture with Hemlo Gold Mines (TSE). The projec…
STOCK MARKETS — Diamond stock sell-off dampens western
Weakness on major eastern markets and an extended pause in the gold rally at the US$390 level, combined with some heart-stopping air pockets in the diamond issues, helped push western markets down ove…
Equinox funds Rosebud deal
With a $9-million private placement now closed, Equinox Resources (TSE) is on its way to buying the Rosebud gold project, in Nevada, from Lac Minerals (TSE). The purchase price for the 51% interest is…
Pilot plant for Williams Creek
Partners Western Copper Holdings (TSE) and Thermal Exploration (ASE) are requesting bids from engineering firms for a feasibility study on the Williams Creek copper-gold project 25 miles from Carmacks…