Caledonia and Holmer in Cuban joint venture
Two juniors, Caledonia Mining (TSE) and Holmer Gold Mines (ASE), have formed an alliance to explore mineral prospects in Cuba. Caledonia can acquire up to a 50% interest in Holmer’s Cuban properties b…
News
Canadian projects shine at PDAC convention
Although billed as an international affair, this year’s convention of the Prospectors and Developers Association of Canada (PDAC) had a decidedly Canadian flavor. More than 3,000 delegates and guests …
Tenajon, Westmin update reserves at SB gold project
Underground drilling has enabled Tenajon Resources (VSE) and Westmin Resources (TSE) to expand reserves at their jointly owned SB gold property near Stewart, B.C. The program, carried out in 1994, con…
Alaskan permits stalled for Echo Bay
A report by the Environmental Protection Agency (EPA) is stalling the permitting process required to reopen the historic Alaska-Juneau gold mine. The project is owned by Echo Bay Mines (TSE). A Techni…
PEOPLE — AMAX GOLD (March 13, 1995)
Roger Kauffman appointed president and chief operating officer.
River Gold, Muscocho group in mill deal
Gearing up for production during the third quarter of this year at its Eagle River gold project near Wawa, Ont., River Gold Mines (TSE) has reached a leasing deal for the nearby Magnacon mill. The mil…
EDITORIAL PAGE — Around the world in four days
Without leaving the comfort of Toronto’s Royal York Hotel, delegates of the 63rd annual convention of the Prospectors and Developers Association of Canada in early March were able to sample a tempting…
PRODUCER PRICES (March 13, 1995)
ALUMINUM: MW U.S. market US91.75-92.75 per lb. (Feb. 24, 1995). ANTIMONY: MW New York dealer US$2.30-2.40 per lb. (Feb. 16, 1995). BISMUTH: MW New York dealer US$3.75-3.90 per lb. (Feb. 24, 1995). CAD…
STOCK MARKETS — Currency crisis adds a chill to the TSE
A lack of investor confidence in the U.S. dollar rattled Canadian currency markets, which led the Toronto Stock Exchange to post a small loss during the 5-day report period ended March 7. The composit…
Airborne survey for New Brunswick
The mineral industry in New Brunswick received a boost when it was announced that the province will undergo an airborne geophysical survey. Aimed at identifying exploration targets, the survey will be…
STOCK MARKETS — Murgor still adding shine to dull western
Trading activity on the Vancouver Stock Exchange in February was down considerably from the same time a year ago. At 331 million shares, volume was off by 35%, while the value of the shares at $290 mi…
FREE MARKET (March 13, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date March 7 March 6 March 3 March 2 March 1 Copper 2877-2878 2897-2898 2924-2925 2872.5-2873.5 2815-2816 Lead 573-574 585-587 590-592 570.5-…