TVI, Echo Bay in Philippine venture
Junior TVI Pacific (ASE), in conjunction with Echo Bay Mines (TSE), intends to form a joint venture in order to bid on acquiring an interest in the Kingking Lumanggang-Casagumayan-Tiogdan porphyry gol…
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METALS COMMENTARY — Metals markets in correction mode
A correction phase seems to be taking hold in most metals markets, no doubt a result of last year’s bull market and the accompanying speculative excesses that quickly pushed some prices to levels not …
Red Chris passes flotation tests
Metallurgical tests on four bulk samples from the Red Chris deposit in north-central British Columbia indicate the mineralization can be processed by standard flotation techniques. American Bullion Mi…
McLeese reopening helps Gibraltar’s quarterly profit
The reactivation of the McLeese Lake open-pit copper mine in British Columbia enabled Gibraltar Mines (TSE) to report a profit of $416,000 for the fourth quarter of 1994, on revenue of just over $13 m…
Andacollo ahead of schedule
Construction at the Andacollo gold mine in central Chile is proceeding ahead of schedule, according to owner Dayton Mining (TSE). President Wayne McClay reports that construction of the process plant …
Companies must disclose corporate governance system
Listed Canadian incorporated companies will be required to disclose their approach to corporate governance in their annual reports or information circulars, says the Toronto Stock Exchange’s board of …
Lonrho axes Rowland
After 34 years, British conglomerate Lonrho has severed its links with its founder, Roland (Tiny) Rowland. Lonrho says Rowland has ceased to be a director or employee of the company, Agence France Pre…
Ashanti dominates Accra exchange
Partially privatized gold producer Ashanti Goldfields of Ghana dominates economic activity on Accra’s fledgling stock exchange, according to figures released by a senior exchange official in Accra. As…
Electra increases capacity at Aurora plant in Nevada
By constructing a gold leaching plant at the Aurora mine near Hawthorne, Nev., Electra Mining Consolidated (VSE) hopes to boost capacity for processing ore, as well as accelerate gold recovery from th…
EXPLORATION ’95 — Kennecott plans more Honduran drilling
Results from recent exploration work have prompted Kennecott Exploration to plan further drilling for a gold-copper project in Honduras. The major, which has the right to earn a 60% interest in the pr…
EXPLORATION ’95 — Management of Westmin sees better times
Management of Westmin Resources (TSE) is expecting a significant improvement in its earnings and cash flow this year. Even though it posted a loss of $24.8 million for 1994, somewhat reduced from the …
NEWS ROUNDUP — More ground for Rio Narcea
Junior explorer Rio Narcea Gold Mines (TSE) has acquired mineral rights to three parcels of land in the western half of Spain’s Asturias region. The properties — known as the Navelgas, Oscos and Sala…