Wheaton hits gold in Grizzly zone
Underground drilling at the Golden Bear mine in northwestern British Columbia continues to provide encouragement for Wheaton River Minerals (TSE) and North American Metals (TSE). All surface and under…
News
Busy year for Battle Mountain
This could be a busy year for Battle Mountain Gold (NYSE). Along with plans to increase production at existing operations around the world, the company will continue to work several exploration projec…
USMX earnings fall
Despite a slowdown of mining activities, USMX (NASDAQ) earned US$330,000 (or 2 cents per share) last year, compared with a net income of US$2.6 million (or 17 cents per share) in 1993. The company’s o…
Outlook favorable for antimony compounds
Demand for antimony has recovered somewhat with the general economic revival, but prospects for growth in the main markets for antimony metal are small, says research firm Roskill of London. On the ot…
MSV record for copper output
In the fourth quarter, MSV Resources (TSE) established a new record for copper production. The Montreal-based company mined more than 129,000 tons of ore to yield 4 million lb. of the red metal from i…
Junior tests Quebec property
Exploration has begun on the Jeremie Twp. gold property in northern Quebec. The 195-claim property, owned by Canadian Golden Dragon Resources (VSE) and Cyprus Canada, is adjacent to, and west of, the …
Caledonia mining private placement nears completion
Toronto-listed Caledonia Mining reports a partial closing on the European portion of its private placement of unsecured convertible debentures. To date, $20.5 million of the planned $20.6-million plac…
GOLD FUNDS (February 20, 1995)
Gold Funds as of Feb. 6 BGR Central Net Value $16.02 $6.46 Price $12.75 $6.125 Discount 20.40% 5.2% Value $125,529,000 $110,858,213…
OPINION — The risks of staking claims over old Ontario mine
Part VII of the Mining Act of Ontario, which deals with matters relating to the environmental reclamation of mining lands, was proclaimed into force in 1991. The first important decision interpreting …
Hemlo posts earnings, makes exploration plans
Toronto-based Hemlo Gold Mines (TSE) made more money last year than at any other time in its 8-year life. The gold-producer boosted earnings by 40% over the previous year to $64.5 million (or 67 cents…
Emerald Isle and Stralak plan garnet production
VSE-listed Emerald Isle Resources and Stralak Resources have announced production plans for their high-grade almandine garnet project in Street Twp., about 24 miles from Sudbury, Ont. An all-weather r…
NEWS ROUNDUP — Ariel to build pilot plant
Faced with substantial quantities of lower-grade oxidized ore on its Costa Rican gold properties, Ariel Resources (TSE) has decided to construct a 150-ton-per-day pilot plant. A patented flow vat-leac…