Production problems at the Golden Giant mine, near Marathon, Ont., took their toll on Hemlo Gold Mines (TSE) in 1995.Operations were suspended for 20 weeks following a 13-week strike and a 7-week shut…
In the absence of a rival bid for Diamond Fields Resources’ (TSE) stake in the Voisey’s Bay nickel-copper-cobalt deposit in Labrador, the wheels have been set in motion for the takeover of the company…
Formation Capital (TSE) reports encouraging results from seven holes drilled in late 1995 at its Sunshine project in east-central Idaho.The holes were drilled in the previously untested Sunshine East …
An underground exploration decline has reached the upper mineralized zone at the Lexington gold-copper project near Grand Forks, B.C.Partners Britannia Gold (VSE) and Bren-Mar Resources (VSE) report t…
Santa Fe Pacific Gold (NYSE) recorded lower earnings in 1995 as a result of decreased production.The company earned US$39.8 million (or 30 cents per share) in 1995, down from US$56.7 million (46 cents…
Black Hawk Mining (TSE) and Granduc Mining (TSE) will merge under an agreement that will also clear a large debt from the latter’s books.Each Granduc share can be traded for one share in the merged co…
The Canadian economy may have stumbled in the first half 1995, but Quebec’s mining industry experienced encouraging year-end results nonetheless.High interest rates at the beginning of the year, the s…
Gold Funds as of Febuary 15, 1996BGRCentralNet Value$22.20$7.11Price$18.38$6.750Discount17.22%5.1%Value$173,542,000$122,170,275…
On the strength of higher sales and lower costs, Cyprus Amax Minerals (NYSE) reported record earnings for 1995.Excluding writedowns and special items, the company earned US$462 million (US$4.77 per sh…
Land and self-government agreements with natives in the central Arctic should be made before diamond mining begins there, urges the Canadian Arctic Resource Committee (CARC).CARC made its recommendati…
Drilling on the Rock Creek joint venture in southern British Columbia is outlining a zone of skarn mineralization.Phoenix Gold Resources (VSE) and Orion International Minerals (VSE) jointly hold a 51%…
Silver Valley Resources, a joint venture between Coeur d’Alene Mines (NYSE) and Asarco (NYSE), will reopen the Coeur and Galena silver mines near Wallace, Idaho.The former closed in 1991 as a result o…
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