Milling results from Beaufor
Partners Louvem Mines (TSE) and Aurizon Mines (TSE) are encouraged by results from their Beaufor gold project near Val d’Or, Que. In December, the operation yielded 1,998 oz., raising production for t…
News
INVESTMENT COMMENTARY — MK Gold seen as undervalued
Brokerage house Robertson, Stephens & Co. recommends MK Gold (NASDAQ) as a buy, describing it as an “undervalued gold miner with a bright future.” And yet, despite this positive outlook, investors app…
DIAMOND NEWS ROUNDUP — Parker Lake diamond discovery prods
An unusual and unexpected diamond find at the Parker Lake property, west of Hudson Bay in the Northwest Territories, sent a momentary shock wave through an otherwise sleepy diamond market. The Geologi…
New zones at La Ronde mine
Ongoing exploration by Agnico-Eagle Mines (TSE) is enhancing the resource potential of its La Ronde mine property near Cadillac, Que. La Ronde, which started up in 1988, is Agnico-Eagle’s main operati…
Noranda to develop Bell Allard
Noranda Mining & Exploration (NM&E), a wholly owned subsidiary of Noranda (TSE), will spend $84 million to develop the Bell Allard zinc-copper deposit, near the company’s Matagami division in northwes…
LETTERS TO THE EDITOR — Vendors terminated option
I would like to bring your attention to an error in your Feb. 6 edition. In the “News Roundup” column on Page 3, in the story “Blue Emerald eyes yellow metal,” it is stated, in reference to the compan…
NRC seeks to increase spending on machinery
The machines that run Canadian industry are getting smarter, friendlier to the environment and more reliable, all because of collaborations with research and development bodies such as the National Re…
Cominco Resources options X-Cal’s Eureka gold project
Partners Cominco Resources International (TSE) and X-Cal Resources (VSE) will soon begin drill-testing the Eureka gold project in Nevada. Cominco will earn an initial 60% interest by paying US$130,000…
Orvana drilling projects
Not averse to working in warm climes, Orvana Minerals (VSE) has started drilling a property in Jamaica and has negotiated an option agreement for a Mexican property. At its Central Inlier gold project…
Aur drills two plays near Joutel
Drill programs on two copper-zinc properties southwest of Joutel, Que., are planned by Aur Resources (TSE). In 1993, drilling on the 380-hectare Bonfortel property intersected significant copper, zinc…
Chile’s El Indio important focus for Barrick Gold
Last year’s takeover of Lac Minerals is expected to boost Barrick Gold’s (TSE) gold production to 3.1 million oz. this year, up from 2.3 million oz. in 1994 and 1.6 million oz. in 1993. This hefty gro…
METAL PRICES — FREE MARKET (February 20, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 14 Feb. 13 Feb. 10 Feb. 9 Feb. 8 Copper 2908-2909 2904-2905 2875-2876 2855-2856 2811-2812 Lead 536-537 555-566 575-577 575-576 561-…