Orvana expands in Bolivia
Orvana Minerals (TSE) has acquired a gold-copper project in eastern Bolivia, which it believes could enter production by 1997.The company recently reached an agreement to acquire the Don Mario gold-co…
News
Drilling at Copper Rand mine is expected to boost reserves
Exploration drilling between the 3800 and 5000 levels of the the Copper Rand mine in Chibougamau, Que., could lead to a substantial increase in reserves.MSV Resources (ME) recently drilled nine holes …
Sunshine Mining moves to prop up its common stock
Silver producer Sunshine Mining & Refining (NYSE) plans to do away with its preferred stock and merge with a subsidiary in an effort to bolster the stock price.The company reached an agreement with th…
METAL PRICES — FREE MARKET (November 20, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateNov. 14Nov. 13Nov. 10Nov. 9Nov. 8Copper3018-3023 3032-3037 2947-2952 2990-29952967-2972Lead684-685 684-685 688-689 679-680 671-6…
Partners focus on Rainy River
Two companies with substantial land positions in the Rainy River area of northwestern Ontario have signed an agreement that will see each hold a 4.9% working interest in the other’s properties.Nuinsco…
Newmont Gold files complaint against Barrick Gold over land use
A complaint has been filed by Newmont Gold (NYSE) and its subsidiary, Elko Land & Livestock, against Barrick Gold (TSE) and its wholly owned subsidiary, Barrick Goldstrike Mines.The complaint stems fr…
GREATEST VALUE TRADED (November 20, 1995)
Sherritt T173569$20 1/81819 7/8+1 7/8Inco Ltd T113437$47 5/845 5/847+3/8Barrick Gold T112343$35 1/833 1/233 1/2-3/8Placer Dome T101288$33 1/231 5/831 3/4-3/4Kinross Gld T…
Inmet triples its net earnings
Four factors — higher metal prices; increased production at Norddeutsche Affinerie; the acquisition of the WBH tungsten powder operation; and the initiation of operations at two base metal mines — h…
MES meeting will feature base metals
Patricia Mohr, vice-president of economics for the Bank of Nova Scotia, will discuss the outlook for base metal prices at a Toronto meeting of the Mineral Economics Society (MES), to be held Nov. 23.M…
STOCK MARKETS — Labrador winter puts freeze on investor interest
Except for the odd pocket of excitement, western markets are following their usual boring shuffle through the fall period.For the trading week ended Nov. 14, the Vancouver Stock Exchange resource and …
Magma options Cuatro Hermanos
Advancing exploration at the Cuatro Hermanos property, 150 km east of Hermosillo, Mexico, will be the business of Magma Copper (NYSE), following the signing of an option agreement with property owner …
Band-Ore options Timmins property of Holmer
A land position immediately west of Timmins, Ont., is being amassed by Band-Ore Resources (CDN), which has taken an option on the Bristol Twp. property of Holmer Gold Mines (ASE).Under the agreement, …