TSE to rule on governance plan
The Toronto Stock Exchange’s Committee on Corporate Governance in Canada has delivered its final report, following a process that began almost two years ago. The committee’s recommendations, which wou…
News
METAL PRICES — FREE MARKET (January 02, 1995)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 27 Dec. 26 Dec. 23 Dec. 22 Dec. 21 Copper N/A N/A 2989-2990 3004-3006 2967-2970 Lead N/A N/A 639.5-640 644-645 634-635 Zinc N/A N/A…
PRODUCER PRICES (January 02, 1995)
ALUMINUM: MW U.S. market US89.5 cents-90.5 per lb. (Dec. 9, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.20 per lb. (Oct. 27, 1994). C…
1994: A LOOK BACK — North American companies producing gold,
The increasing trend toward “globalization” of the mining industry continued in 1994, with an increasing number of North American-based companies succeeding in bringing foreign properties into product…
Birim eyes production plans for Dunkwa gold property
Having acquired a prospecting licence for the Dunkwa gold property in Ghana, Birim Goldfields (CDN) is setting its sights on production, possibly within three years. President Stuart Lee says the comp…
1994 A LOOK BACK — Falconbridge goes public
Canada’s second-largest nickel producer, Falconbridge (TSE), completed a successful initial public offering about mid-year. The transaction, worth about $1.4 billion overall, was one of the country’s …
1994 A LOOK BACK — Anvil Range makes Grum plans
A group of former employees of Curragh successfully acquired the Faro zinc-lead mine assets of the bankrupt producer. The operation is situated in the Yukon. Anvil Range Mining (TSE), which became a p…
Hendricks on track at properties
Several developments are reported from Hendricks Minerals Canada’s (CDN) three base and precious metals projects. Assay results are now available from the last hole of the 1994 exploration project at …
Omai expansion planned
Drilling conducted at the Omai gold mine in Guyana has led to a 40% increase in proven and probable reserves, compared with the estimates contained in the original (December, 1990) feasibility study. …
Sharpe, Freewest drill Wisconsin play
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) have drilled their first drill hole in the so-called Wisconsin massive sulphide program. The Sharpe-Freewest program is foc…
Caledonia acquires two South African producers
Toronto-listed Caledonia Mining has completed transactions to acquire two companies with operating gold mines in South Africa for a total of $49.1 million. Caledonia can acquire a 100% interest in Bar…
ODDS’N’SODS — A tale of two companies
There is no single way to build a successful mining company, as two giants on the Canadian scene affirm. In 1923, prospector Ed Horne undertook to work his way east from Kirkland Lake, Ont., and disco…