ODDS’N’SODS — Dog days in Red Lake
Charles Henrick was one of the first men to arrive at Red Lake in northwestern Ontario during the gold rush of 1926, though not for the reasons, nor in the way, one might imagine.He was living in Engl…
News
STOCK MARKETS — Voisey issues ride high as golds trip and fall
While golds fell sharply during the report week ended Feb. 13, the Toronto Stock Exchange, as a whole, moved little. The TSE 300 composite index fell 4.16 points over the period, to finish at 5,045.31…
Spot prices at a glance (February 19, 1996)
Wednesday, February 14, 1996Week’s Price (US)ChangeGold*$403.90-$10.85Silver*$ 5.69-$0.13Platinum*$421.50-$9.50Nickel**$ 3.68-$0.12Lead**$ 0.34-$0.01Copper $ 1.14-$0.03Zinca$ …
Barrick options La Grande
An agreement with Diabior Explorations (ME) will see Barrick Gold (TSE) acquire a 50% interest in the northern and southwestern part of La Grande, a gold property in northwestern Quebec.The property l…
Metal prices — FREE MARKET
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 12 Feb. 11Feb. 9Feb. 8Feb. 7Copper2502-2504 2550-25532573.5-2575.52567.5-2569.52585-2590Lead747-748 758-759759-760 760-7…
Orvana to drill Butte Highlands
Drilling is expected to begin in May on the Butte Highlands property in Montana. Orvana Minerals (TSE) is planning a 25,000-ft. program, including infill drilling on the Nevin Hill resource, as well a…
Equity financing nets William $29m
Toronto-listed William Resources has closed a special warrant equity financing with an underwriting group that will enable it to begin taking over Australian-based Valdora Minerals.The financing consi…
PEOPLE — SUMMO MINERALS
Mark Hellerstein appointed chairman; Frank Shanley appointed director.
Triton attempts to expand Limon gold mine
At its 95%-owned Limon operation in Nicaragua, Triton Mining (TSE) is carrying out definition drilling to prove up a 490,000-oz. gold resource in the Santa Emilia vein system.Four rigs will be used to…
Ruby Hill mine gets green light
Homestake Mining (NYSE) will develop its Ruby Hill property in central Nevada, having set aside US$65 million in funding for the West Archimedes deposit.A feasibility study has determined a proven res…
River to mine Edwards deposit
River Gold Mines (TSE) will mine the Edwards gold deposit northeast of Wawa, Ont., and owner VenCan Gold will retain a carried interest.The former has budgeted $3 million for underground development, …
COMMENTARY — Harcourt was a mixed blessing
Word of Michael Harcourt’s resignation as premier of British Columbia has generated some mixed feelings within the province’s mining community.It was Harcourt’s New Democratic Party (NDP) government t…