Year off to good start for Noranda
The first quarter of 1995 was the most profitable in six years at Noranda (TSE).The company’s first-quarter earnings jumped to $158 million from $44 million for the same period in 1994. Revenue rose t…
1995
Meetings (June 12, 1995)
MEETINGSJune 19, Canadian Mining — annual, generalJune 19, Cross Lake — annual, generalJune 19, Dalmatian — annualJune 19, DRC — annual, generalJune 19, Golden Dividend — annual, generalJune 19, …
Glimmer raises funds for Hislop
Junior Canadian Golden Dragon (VSE) will acquire 200,000 shares of Glimmer Resources (VSE) priced at $1 per share.The funds raised will be added to Glimmer’s working capital and fund a preliminary fea…
Fairfield pulls high-grade gold values
Underground drilling is returning multi-ounce gold values at the Siwash North project owned by Fairfield Minerals (TSE) near Merritt, B.C.Fairfield is in the midst of a 25,000-ft., 200-hole, undergrou…
Quebec juniors conclude Auclair joint venture
Silver Century Explorations, an affiliate of Agnico-Eagle Mines (TSE), has concluded an option agreement with two Quebec-based juniors, Explorations Diabior (TSE) and Virginia Gold Mines (ME).The agre…
Patrician forms joint venture
Details of a proposed joint- venture agreement between South African gold-producer JCI and Patrician Gold (ASE) on three of Patrician’s Tanzanian properties have become available.JCI has the option to…
Mill City and MacDonald assess Golden Hill project
An initial drilling program is under way at the Golden Hill project, situated within the 2,000-sq.-km Florencia-Jobabo concession near Camaguey, Cuba.Partners Mill City Gold Mining (VSE) and MacDonald…
Permits awaited for Huckleberry
New Canamin Resources (TSE) has applied for a mine development certificate for its Huckleberry project near Smithers, B.C. The company expects to receive the certificate in late August or early Septem…
Drilling completed at Humbug play
A 90-hole, reverse-circulation drill program totalling 36,000 ft. has been completed at the Humbug gold property in Lemhi Cty., Idaho.International Gold Resources (IGR) confirms the property has a geo…
Miramar’s Con mine on track
Production at the Con gold mine in Yellowknife, N.W.T., is expected to meet this year’s target of 130,000 oz. plus.The underground mine, owned by Miramar Mining (TSE), cranked out 28,117 oz. in the fi…
Geomaque Explorations set to buy San Francisco gold royalty
Financing for the previously announced purchase of a 50% back-in option and a buy-back of a 3% royalty interest on the San Francisco gold property has been arranged by Geomaque Explorations (TSE).Geom…
Placer Dome increases Equity offer
Parent company Placer Dome (TSE) has raised its offer for all the shares of Equity Silver Mines (TSE) that it does not already own.The major is offering to buy the minority shares for 85 cents, up fro…