Mill City takes on foreign projects
Joint-venture partners Mill City Gold Mining (VSE) and MacDonald Mines Exploration (CDN) can earn a combined half interest in the Florencia-Jobabo gold concession in Cuba. The vendor, Geo Minera, has …
News
Still no consensus on Hemlo deposit
After 10 years of production at the Hemlo gold camp, the geological community may be a lot wiser about the deposits. But several key questions have yet to be answered. This was the message delivered a…
Anglo American a world player
The winds of change have had a significant impact on the politics and economics of South Africa, a nation known as much for deep gold mines as for its abundance of varied mineral wealth. Large mining …
Francisco augments Mexican holdings
Vancouver-listed Francisco Gold has added to its portfolio of gold-silver projects in Mexico. The junior has agreed to acquire 50.1% of privately owned Goldeneye Explorations for $2 million. Goldeneye…
Platinova financing for zinc project
Toronto-listed Platinova A/S is planning to issue 2 million units, each of which will consist of a Platinova common share and purchase warrant. The unit price will be based on the average price of the…
Caledonia affiliate upgrades Zimbabwe copper mine
Plans are afoot to expand the Sanyati copper mine, currently under development in Zimbabwe. Majority owner Reunion Mining, an affiliate of Caledonia Mining (TSE), intends to produce 5,000 tonnes of th…
Placer dropping Gowest option
An option agreement given to Placer Dome (TSE) and covering 2,400 acres in northeastern Ontario will be terminated by Placer, Gowest Amalgamated Resources (ASE) reports. The property adjoins, to the e…
EDITORIAL PAGE — Who is conning whom?
In October of this year, Paul Birckel, chief of the Champagne and Aishihik First Nations, fired off a letter to British Columbia Premier Michael Harcourt asking the government to withdraw its support …
ODDS’N’SODS — Early bush pilots operated with a sense of
When I was busily involved in mineral exploration in Ontario in the early 1950s, I met a young bush pilot named Hong Mar. He was flying for Canadian Superior Air Services at the time, following a peri…
Metall selling Mobrun royalty to Cambior
Toronto-based Metall Mining (TSE) has agreed to sell its 4% net smelter return (NSR) royalty on production from the Mobrun polymetallic property of Audrey Resources (TSE) for $11 million to Cambior (T…
NEWS ROUNDUP — MIM selling Asarco shares
Australian firm MIM Holdings is selling 9.5 million shares of Asarco (NYSE) at US$28 per share in an international offering. Of that total, a U.S. syndicate is offering 6.6 million shares; the interna…
NEWS ROUNDUP — Anvil completes $30m offering
The sale of a $30-million offering of flow-through shares and silver royalty certificates is complete, Anvil Range Mining (TSE) reports. The company plans to use the funds for stripping of its Grum de…