1994

Several mines were either placed in production or reopened in 1993 by Canadian companies, both at home and abroad. Gold was the metal of choice and Ontario and Quebec experienced the most activity. Th…

Citing the unlikelihood of finding a base metals deposit to meet its economic requirements, Rio Algom (TSE) has dropped its option on the Key Anacon Mines (TSE) property in the Bathurst camp of New Br…

Denver-based Newmont Mining and 90.1%-owned subsidiary Newmont Gold will combine their assets, gold reserves and operations. The plan calls for Newmont Mining to move all its operating assets, liabili…

If 1992 was the year diamond fever swept Canada, 1993 will be remembered for the solid exploration results that made even diehard skeptics concede that this country may soon have its first diamond min…

The resource stocks took one last kick at the can before the new year dawned. They boosted the Toronto Stock Exchange 300 Composite Index to a big gain on the last day of our report week. The TSE 300 …

Drilling has resumed at Flag Resources (ASE) Wanapitei property near Sudbury, Ont. At presstime, a 1,700-ft. hole at Wolf Lake had been extended to 2,000 ft. on its way to a targeted depth of 3,000 ft…

A seat on the New York Mercantile Exchange (Nymex) recently sold for a record US$400,000. The previous high of US$395,000 was set a few days earlier, which surpassed an earlier record value of US$350,…

Gold Funds as of Dec. 28 BGR Central Net Value $15.78 $6.49 Price $14.25 $6.750 Premium 4% Discount 9.67% Value $88,367,000 $122,170,275…

Eden Roc Minerals (TSE) will soon have nearly $18 million to spend on its vast exploration territory in Ivory Coast. The company issued 3 million warrants through brokerage house Scotia McLeod. Each w…

Significant court rulings in 1993 included an appeal decision concerning the Brookbank gold project in northwestern Ontario and the Seabright case in Nova Scotia. In a decision by the Ontario Court of…

By the end of 1995, Freeport-McMoRan Copper & Gold (NYSE) expects to have expanded its mine and mill in Indonesia. An expansion to 115,000 from 66,000 tonnes per day is planned. The completion is to b…

Placer Dome Canada, the new business unit of Placer Dome (TSE), is poised for a busy year in 1994. Thats when the unit will oversee a $12-million program to advance the Musselwhite gold property in th…