News

Adex studies production plans for Mount Pleasant

A feasibility study calls for production of tin and indium-copper zinc concentrates at the Mt. Pleasant project in southwestern New Brunswick.Consulting firm Kvaerner Davy conducted the study, which r…



Kinross boosts stake in Goldbanks

Toronto-based Kinross Gold (K-T) has completed its acquisition of the Goldbanks gold-silver project, 56 miles south of Winnemucca, Nev.In June 1995, the company bought a half interest in the property …


Altavista raises Wild Mick funds

Boucherville, Que.-based Altavista Mines (AIA-M) has raised $850,000 from private investors.The financing consists of the issuance of 772,727 units priced at $1.10 each. A unit consists of one share a…


Westmin to finance Lomas Bayas work

Westmin Resources (WMI-T) has closed a US$120-million offering of senior secure notes, which it will use to repay a loan and develop the Lomas Bayas project in Chile.The notes, which were priced at pa…



Teck takes over Australian producer

Teck (TEK-T) and its Australian partner, Camelot Resources, have acquired 92% of the outstanding shares of producer Mount Edon Gold Mines. The takeover is valued at A$170 million.Teck acquired a 14.5%…


Reserves triple at Limon gold mine

Idaho-based Fischer-Watt Gold (FWGO-O) has tripled proven and probable reserves at its Limon gold mine in northwestern Colombia.The figure now stands at 99,400 tonnes grading 16 grams gold per tonne, …



Goldcorp confirms Red Lake extension

Exploratory drilling has extended zones of high-grade gold mineralization at the Red Lake mine in northwestern Ontario, Goldcorp (G-T) reports.The extensions were intersected as deep as the 40 level (…



Hanover ups stake in S.W. Montana

The acquisition of Easton-Pacific Mining has allowed Idaho-based Hanover Gold (HVGO-Q) to tighten its grip on the Alder Gulch mining district in southwestern Montana.In a deal worth US$10 million, Han…


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