Investing in Latin America
The Canadian Council for the Americas (CCA) will host a 2-day conference Feb. 10-11 in Toronto on investing in Latin America. The conference is titled “Mining Investment in Latin America: A view from …
News
DIAMOND PAGE — Ashton uncovers small kimberlite body in
A small kimberlite body in the Crystal Falls area of southwestern Michigan has been uncovered by Ashton Mining of Canada (TSE). The company has a 51% interest in the project. President David Hurburgh …
Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…
Altai buys stake in gas permits
Toronto-based Altai Resources (TSE) has acquired interests in four permits in the Lac St. Pierre natural gas and gas storage joint venture, east of Montreal, Que. A 71% interest in three permits total…
Armistice, Dynatec settle
Toronto-based Armistice Resources (ME) and its principal creditor have announced a settlement to their legal differences. Dynatec Mining, which was owed more than $2.1 million, will receive $450,000, …
STOCK MARKETS — Gold price stalls; TSE 300 index in slide
Gold, which seems to be having trouble cracking the US$400-per-oz. mark, pulled back this week. Entering our report period at better than US$390, the yellow metal was sitting at US$381 in London at pr…
Spot prices at a glance (January 31, 1994)
Week’s Price (US) Change Gold* $381.00 – $11.70 Silver* $ 5.08 – $0.24 Platinum* $380.60 – $12.90 Nickel** $ 2.59 – $0.04 Lead** $ 0.23 $0.00 Copper $ 0.83 – $0.02 Zinc $ 0.45 – $0.01 Courtesy of Scot…
Correction (January 31, 1994)
The substantial liabilities attributed to Milner Consolidated Silver Mines (ASE) (T.N.M., Jan. 17/94) were incorrect. Milner has a working capital of $1.7 million and Minerales de Copan S.A. de C.V. h…
Pacific Rim program testing previously drilled Oculto zone
The first of a 5-hole program on the Diablillos project in Argentina has returned an encouraging intersection. Pacific Rim Mining (VSE) reports a 326-ft. interval grading 0.12 oz. gold and 25.6 oz. si…
Sherritt plans share issue
Nickel refiner Sherritt (TSE) will raise $194 million by issuing 18.5 million shares, on a bought-deal basis, at $11 each. The agreement, scheduled to be completed Feb. 10, is subject to regulatory ap…
LATIN AMERICA ROUNDUP — Atna to buy Cumbre gold
Junior Atna Resources (VSE) can acquire a 75% stake in the Cumbre gold property in Chile. To do so, it has paid US$3,500 to owner Princeton Mining (TSE). It must pay a further 50,000 shares on signing…
LATIN AMERICA ROUNDUP — Musto considering offers
Vancouver-based International Musto Explorations (TSE) has received offers both to joint-venture and, alternatively, sell its interest in the Bajo de la Alumbrera gold-copper deposit in Argentina. A f…