Cresson mine to be re-evaluated
The U.S. federal government is calling for a re-evaluation of water quality standards at the Cresson gold mine in east-central Colorado. The Environmental Protection Agency (EPA) has told Colorado sta…
News
Yamana continues drilling targets at the Microonda gold property
Drilling is continuing at the Microonda epithermal gold property in Santa Cruz, Argentina.Yamana Resources (TSE) has completed reverse-circulation drilling totalling 6,560 metres and has tested five o…
Spot prices at a glance (February 26, 1996)
Wednesday, Febuary 21, 1996Week’sPrice (US)ChangeGold*$398.50-$5.40Silver*$ 5.55-$0.14Platinum*$417.50-$4.00Nickel**$ 3.73+$0.05Lead**$ 0.36+$0.02Copper $ 1.13-$0.01Zinca$ 0….
Metal Prices — FREE MARKET (February 26, 1996)
London Metal ExchangeSpot closing prices in $US per tonneDateFeb. 20 Feb. 19Feb. 16Feb. 15Feb. 14Copper2506-2509 2508-25102491-24942519-25222504-2507Lead772-774 769-770773-775771-772…
Armada raises funds for Baley study
Armada Gold (ASE) has completed equity financing worth $10 million in order to fund a feasibility study at the Baley open-pit gold project in eastern Siberia.Each unit consists of one class A common s…
Companies (February 26, 1996)
INDEXAber ResourcesAkiko GoldAntares M’gAranlee Res.Armada GoldAsarcoAtapa Min.Auriginor Expl.Band-OreBarrick Res.Battle Mtn GldBirim GldfldsBlack Hawk M’gBre-X MineralsBren-Mar Res.Bri…
NovaGold expands Maritime holdings
With the staking of 65 claims adjacent to its Sewell Brook base metal property in New Brunswick, NovaGold Resources (TSE) has increased its total holdings in the area to 247 claims.The company made it…
Golden Giant suspension hurts Hemlo’s bottom line
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…
Falconbridge lone bidder for Diamond Fields
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 reports drill results
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 …
Britannia and Bren-Mar sink decline at Lexington project
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 records low profits in ’95
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…