News



Madsen has funds in place for mill

Proceeds of $5.2 million from four private placements will enable Madsen Gold (MGF-T) to reconstruct the former Dona Lake mill in Red Lake, Ont.Madsen may also issue flow-through shares to generate $1…


BASE METALS SPECIAL — Globex Mining eyes Bateman

Gold targets feature prominently in the list of projects being worked by Globex Mining Enterprises (GMX-T). This year, however, the junior acquired two projects where copper is the primary commodity o…


Holmer study bullish for Loma Hierro

Based on an independent prefeasibility study, the Loma Hierro deposit in western Cuba, is expected to produce 1.5 million oz. silver annually at a cash cost of US$1.85 per oz.The mine, owned by Holmer…




San Fernando looks to sell La Fortuna

San Fernando Mining (SNF-T) has granted Chester Millar an option on the Fortuna mine in Durango, Mexico.Millar, who is chairman of Glamis Gold, paid the company US$50,000 for the option. He has until …





Correction (June 24, 1996)

Primary zinc production rose to 98,495 tonnes in March 1996 from 66,464 tonnes in March 1995. Incorrect information appeared in our edition of June 10.


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