Magma options Cuatro Hermanos
Advancing exploration at the Cuatro Hermanos property, 150 km east of Hermosillo, Mexico, will be the business of Magma Copper (NYSE), following the signing of an option agreement with property owner …
1995
Band-Ore options Timmins property of Holmer
A land position immediately west of Timmins, Ont., is being amassed by Band-Ore Resources (CDN), which has taken an option on the Bristol Twp. property of Holmer Gold Mines (ASE).Under the agreement, …
Imperial returns to Giant Copper project
Predevelopment work has resumed at the Giant Copper project, 40 km southeast of Hope, B.C.Property owner Imperial Metals (TSE) recently completed 4,559 ft. of drilling in eight holes as part of a 2-ph…
Golden Queen re-affirms faith in Soledad Mountain
Junior Golden Queen Mining (TSE) has taken its Soledad Mountain project off the selling block and intends to develop the project as expeditiously as possible.The open-pit, heap-leach project, situated…
Echo Bay makes two Canadian acquisitions
Echo Bay Mines (TSE) has set its sights on two advanced gold properties in Canada.The company will acquire the Ulu gold deposit in the Northwest Territories from BHP Minerals Canada, and, in a separat…
ODDS’N’SODS — Zen and the art of bushpiloting
Late one autumn, while flying a missionary seaplane southward along the coastal mountains of British Columbia, I saw something that bush pilots rarely see.I overtook two hummingbirds, apparently flyin…
GOLD FUNDS (November 20, 1995)
Gold Funds as of November 9, 1995BGRCentralNet Value$17.15$6.62Price$13.75$6.375Discount19.81%3.7%Value$134,065,000$115,383,038…
Rayrock’s Ivan mine is up to speed
The Ivan copper mine in northern Chile was slow to get on track, but owner Minera Rayrock (TSE) has announced that the mine operated at 97.7% of its design capacity in September, and 100% in October.T…
Cash flowing from Myra Falls mine
The Myra Falls underground zinc-copper mine on Vancouver Island is spinning out cash for owner Westmin Resources (TSE).Net income for the first nine months of 1995 amounted to $10.8 million on revenue…
PEOPLE — FIRST DYNASTY — Elwin Smith elected to the board of directors.
PEOPLE — CONS. MAGNA VENTURES — Bradley Aelicks appointed president and chief executive officer.
STOCK MARKETS — Eastern markets take post-referendum breather
Investors enjoyed a relaxing week on the Toronto Stock Exchange, as the market traded low volumes in a narrow range. By the close of trading Tuesday, the composite index had drifted down 12.38 points …