Kinross ups reserves at Candelaria project
Toronto-based Kinross Gold (TSE) has delineated more underground and open-pit reserves at its Candelaria gold-silver mine near Hawthorne, Nev. At the Northern Belle pit, drilling confirmed minable res…
News
Moneta completes Wounded Bull buy
Toronto-listed Moneta Porcupine Mines (TSE) has bought Wounded Bull Resources from Australian-based Pima Mining. Moneta has issued 2 million shares as part of a 2-staged payment to be completed no lat…
NovaGold reworks subsidiary loan
An agreement-in-principle has been reached by NovaGold Resources (TSE) and the National Bank of Canada concerning the restructuring of a $4-million loan, owed by a wholly owned NovaGold subsidiary, Mu…
Quebec’s mining industry promised government support
Jacques Parizeau’s newly elected Parti Quebecois government will introduce measures to strengthen and diversify Quebec’s mining industry, delegates were told at the 20th annual meeting of the Quebec P…
Toronto Stock Exchange Indices (September 26, 1994)
Composite “300” 4376.87 4435.96 4403.85 4385.46 4345.03 4609.93 3518.31 Metals & Minerals 4163.53 4250.59 4230.77 4164.35 4097.43 4270.14 3273.56 Integrated Mines 4368.54 4467.29 4447.10 4358.41 4294….
Modest silver price hikes forcast
The best-performing metal in 1993 may have been silver, but Metals & Minerals Research Services sees only modest price increases for the metal in the years ahead. However, the London-based company, wh…
DIAMOND SPECIAL — The kimberlites of Yakutia
Descriptions of 10 pipes in the Russian diamond province of Yakutia follow: Mir The Mir kimberlite pipe was discovered in 1955 by geologists of the Amakinskaya expedition. It was the first primary dep…
DIAMOND SPECIAL — Challenges await northern diamond-mine
State-of-the-art diamond exploration in Canada is currently directed towards a cluster of kimberlite pipes of economic potential discovered at Lac de Gras in the central Slave Province of the Northwes…
Greenstone plans to raise $10 million in financing
Toronto-listed Greenstone Resources, together with the Emerging Markets Gold Fund, plans to raise US$10 million to fund work at its gold projects in Nicaragua and Honduras. The funding will consist of…
DIAMOND SPECIAL — Diamonds sought in Ontario, Quebec
Despite recent disappointing results from exploration in the Northwest Territories, companies are quietly continuing to explore other areas of the country. Four areas of note within Ontario and Quebec…
Anomalous assays uncovered at Starcore platinum project
Anomalous assays are evident from preliminary drill results from the Goodnews Bay platinum property, 420 miles southwest of Anchorage, Alaska. Starcore Resources (VSE) reports that seven holes tested …
Noranda shares
Noranda (TSE) intends to redeem all of its outstanding Series B fixed/floating-rate, cumulative, redeemable, retractable, convertible preferred shares on Oct. 15 at $26 per share. Holders may either r…