News

STOCK MARKETS — TSE levels off after a rough ride

After losing ground for three consecutive weeks, the TSE 300 index has rallied and leveled off well above the psychologically significant 4,000-point support level. For the week ended July 5, the inde…


Rio metals unit

All North American service centre and metals distribution activities managed by Rio Algom (TSE) will be consolidated into a new entity called North American Metals Distribution Group. The group will c…


Silver Standard, Regeena team up

Junior Regeena Resources (VSE) can earn a half interest in the Pine Grove property from Silver Standard (VSE). Teck (TSE) spent US$2.2 million on the property, situated in Nevada, outlining a geologic…


Spot prices at a glance (July 11, 1994)

Week’s Price (US) Change Gold* $385.75 – $0.05 Silver* $ 5.32 + $0.05 Platinum* $407.50 + $7.75 Nickel** $ 2.77 + $0.03 Lead** $ 0.26 + $0.02 Copper $ 1.12 + $0.06 Zinc $ 0.43 + $0.01 Courtesy of Scot…


Manitoba Mineral sells Trout L. stake

Residents of Flin Flon, Man., received good news this week when Manitoba Mineral Resources (MMR), a crown corporation, sold its 27% interest in the Trout Lake base metal mine to Hudson Bay Mining & Sm…


Lakefield offering

Toronto-based Lakefield Minerals (CDN) has completed its initial public offering of shares through investment dealer McDermid St. Lawrence Chisholm. The offering enabled Lakefield to raise net proceed…


Orvana exploring Butte Highlands

Exploration is under way on the Butte Highlands gold property in Montana. Owner Orvana Minerals (TSE) plans to carry out 10,000 ft. of reverse circulation drilling and 15,000 ft. of diamond drilling. …




Redell plans drilling

A private placement of 160,000 units at 64 cents each will enable Redell Mining (VSE) to finance summer drilling on its La Forma gold mine property in the Yukon. The junior will test a potentially hea…


OBITUARY — Donald Bourne

A former chief mine geologist at the Arthur White gold mine of Goldcorp (formerly Dickenson Mines) at Red Lake, Ont., Donald Bourne died recently in Toronto after a short illness. He served as chief g…


Loki plans Brewery Creek startup

By next summer, Loki Gold (TSE) hopes to be in production at its Brewery Creek project near Dawson City, Y.T. Startup for an open-pit, heap-leach gold mine is scheduled for August, 1995, with planning…


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