Index (April 24, 1995)
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News
Barrick targets potential of South American projects
First-quarter results reveal that senior gold producer Barrick Gold (TSE) enjoyed greater earnings, revenue and cash flow, compared with the same period in 1994.Net income rose 18% to US$71.1 million …
GMD options JBG claim group
Vancouver-listed GMD Resources can earn a 60% interest in Fortune Minerals'(CDN) JBG claim group 150 km northeast of Yellowknife, N.W.T.The claims are 3 km east of Fortune’s NICO property where high-g…
Canmine program intersects copper at Ontario prospect
Drilling on the Werner Lake base metal property, northwest of Kenora, Ont., has encountered encouraging copper mineralization.Canmine Resources (ASE) is carrying out the multi-hole program in order to…
Nugget completing joint-venture deal
By spending more than $500,000 on exploration work at Hawkins Hill at the Hill End gold property in New South Wales, Australia, Nugget Resources (ASE) has earned a 45% interest in the project.A drilli…
Teck buying stake in Diamond Fields
After weeks of speculation, a senior mining company has finally emerged and made a bid to acquire a piece of Canada’s hottest new base metal discovery.Mining conglomerate Teck (TSE) will purchase 3 mi…
Metal Prices — FREE MARKET (April 24, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateApril 18April 17April 14April 13April 12Copper2927-2929N/AN/A2932-29332942-2943Lead604-605N/AN/A597-598602.5-603.5Zinc1055-…
Cumberland, Comaplex focus on three Meadowbank targets
Drilling is under way at the Meadowbank gold project 60 miles north of Baker Lake, N.W.T.The property is owned 60% by Cumberland Resources (VSE) and 40% by Comaplex Minerals (TSE).The partners are con…
Fatal accident at Rabbit Lake
A worker was killed underground recently after being struck by a truck at the Eagle Point uranium mine on the Rabbit Lake site in northern Saskatchewan.Cameco (TSE) reports that the man, whose name wa…
Shares of BYG listed on TSE
Working to bring its Mt. Nansen gold project in the Yukon into production, BYG Natural Resources recently began trading on the Toronto Stock Exchange.The company completed a positive feasibility study…
Reno symposium attracts global crowd
It was yet another sign that North America’s mining industry is growing in scope when 1,200 explorationists from around the world converged on this gambling centre to attend a geological symposium.The…
EDITORIAL PAGE — Bigger and bigger
Just when you thought you had heard it all, along comes another takeover bid in the always interesting mergers and acquisitions game.The latest activity on this front is in the auto industry, with con…