Ashanti dominates Accra exchange
Partially privatized gold producer Ashanti Goldfields of Ghana dominates economic activity on Accra’s fledgling stock exchange, according to figures released by a senior exchange official in Accra. As…
1995
Electra increases capacity at Aurora plant in Nevada
By constructing a gold leaching plant at the Aurora mine near Hawthorne, Nev., Electra Mining Consolidated (VSE) hopes to boost capacity for processing ore, as well as accelerate gold recovery from th…
LRX underground at Midnight
In an underground exploration program at the Midnight gold property in Rossland, B.C., LRX Capital (VSE) is testing the vein system for its high-grade potential. The mine is a small-scale past-produce…
Athabaska busy at Nicholas Lake
A private placement of 5.9 million common shares at a price of $1.30 per share has netted Athabaska Gold Resources (TSE) a total of $7.2 million. The proceeds will be used to fund three projects: unde…
EXPLORATION ’95 — C, D zones targeted — New development
In an attempt to prove up additional reserves, Northfield Minerals (TSE) is exploring several targets on its Cheminis gold mine property west of Virginiatown, Ont. With current minable reserves expect…
EXPLORATION ’95 — Hecla plans to explore historic mining
With La Choya gold mine in Sonora state up and running, Hecla Mining (NYSE) is turning its attention to a historic gold and silver mining district in southern Zacatecas state, in central Mexico. The c…
Agnico-Eagle plans expansion programs
Expansion is planned for three projects held by Agnico-Eagle Mines (TSE) in northwestern Quebec. Mine development work on the No. 2 shaft at LaRonde division, near Val d’Or, Que., is moving forward, w…
Met tests by Boleo deemed positive
Metallurgical scoping tests on copper-cobalt mineralization from the Boleo project in Baja California, Mexico, are providing encouragement for International Curator Resources (TSE). The company is ear…
METAL PRICES — FREE MARKET (March 06, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 28 Feb. 27 Feb. 24 Feb. 23 Feb. 22 Copper 2852-2853 2873-2874 2855-2856 2850-2851 2870-2871 Lead 558-559 573-574 575-579 582.5-583….
Summo updates Cashin Project
A preliminary resource has been estimated for the Cashin copper project in southwestern Colorado. Based on drill results, Summo Minerals (VSE) estimates the property contains 10.9 million tons grading…
INVESTMENT COMMENTARY — High River low-risk junior with
A joint-venture deal with excellent exploration and earnings potential has prompted Ken Gillis, an analyst with Research Capital Corporation, to recommend High River Gold Mines (TSE) as a buy. In a re…
Barry Lake region site of previous staking rush
The current staking rush taking place in Barry, Souart and other townships in the region near Senneterre, Que., is not the first time gold-seekers have been attracted to the region. The first reported…