News

Milling rates are surpassing expectations as Freeport-McMoRan Copper & Gold (NYSE) completes its expansion of the Grasberg copper-gold operation in Indonesia’s Irian Jaya province.The goal of 115,000 …

Leonard Harris named a senior associate.

Drilling is under way at the Goodfish property near Kirkland Lake, Ont., where past drilling returned up to 0.49 oz. gold per ton across 41.5 ft.Glencairn Explorations (ASE) is operating the current 5…

Michael Washington appointed vice-president and chief financial officer.

Gold enrichment has been found to exist in each of 10 trenches at the Forrest project of Trillion Resources (TSE).The property is in the Kadoma region of Zimbabwe, where Trillion has licences to carry…

The Alusaf Hillside aluminum smelter, built by a joint venture involving Canadian-based SNC-Lavalin, has started production five months ahead of schedule and under its $2-billion budget.Situated in Ri…

In the article “Geomaque resists merger” (T.N.M. May 12/95), Great Lakes Minerals Chairman John McBride refers to information in Geomaque’s letter to shareholders dated June 5, 1995, as “a lot of bunk…

Gold Funds as of June 20BGRCentralNet Value$17.78$6.77Price$14.50$7.125Discount18.43%Premium5.2%Value$138,979,000$128,957,513…

Though remote, the area along the northeastern shore of Labrador and Quebec is gaining renown as a hot spot for nickel discoveries. In addition to the Voisey Bay nickel-copper-cobalt deposit controlle…

Kootenay King Resources (KKG:VSE) has changed its name to Intercap Resource Management (IRC:VSE) on a 1-new-for-5-old-share basis.

Value ($000s)HighLowCloseChange Barrick Gold T238371$37 1/435 3/836 1/4+1Placer Dome T197219$38 3/835 3/437 3/8+1 7/8Inco Ltd T90612$37 1/434 1/237 1/4+2 1/2Teck Ltd B f T7…

Michael Sopko, chairman and chief executive officer of Inco, was recently elected chairman of the Mining Association of Canada (MAC), the national organization of the Canadian mining industry.He repla…