News


Echo Bay pins hopes on Alaskan growth

Denver-based Echo Bay Mines (TSE) has cited three objectives — exploration, acquisition and development of its two major Alaskan projects — as being key to corporate growth. The two Alaskan properti…


Black Swan looks to SW Ecuador

Under an agreement with Minera Australiana Cia, Toronto-listed Black Swan Gold Mines can acquire a half interest in the Zaruma property in southwestern Ecuador. Between 1892 and 1950, South American D…


Jordex to issue special warrants

Vancouver-based Jordex Resources (TSE) has set the terms of a private placement of 4 million special warrants at $1.30 each. Each special warrant will entitle the holder to acquire one unit consisting…


Potash Corp. boosts earnings in quarter

Higher potash sales and a weaker Canadian dollar helped Potash Corp. of Saskatchewan (TSE) record net income of $10.1 million for the first quarter, compared with $8 million for the same period last y…


BOOKS IN REVIEW — GSC products

The Geological Survey of Canada (GSC) has released on CD-ROM a new geological map (Open File 2559) and an integrated collection of geoscience data (Open File 2743), including both geological and geoph…



Granduc closes financing

Toronto-listed Granduc Mining has completed a previously announced $3.5-million financing with Conwest Exploration (TSE) and Jascan Resources (TSE). Proceeds from the loan will be used to complete Gra…


Government, MAC fund enviro study

The federal government, the Mining Association of Canada (MAC) and four provinces (British Columbia, Ontario, Quebec and New Brunswick) are collaborating in an attempt to identify economical ways to m…



Regional sells Fairfield shares

Junior Regional Resources (TSE) has sold 1.7 million shares of Faifield Minerals (TSE). Proceeds amount to $5 million. Some of the shares were sold under an option agreement for $1.10 per share. An ad…


Gold and the federal reserve system

The largest concentration of refined gold lies in the vault of the Federal Reserve Bank of New York (FRBNY). It is held there in safekeeping mainly for foreign monetary institutions which make extensi…


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