New deal lifts Fish Lake deadline
A new property agreement effectively removes the deadline hanging over the Fish Lake copper-gold property southwest of Williams Lake, B.C. To acquire the property, Taseko Mines (VSE) will pay Cominco …
News
Kinross to get remaining Falco Gold interest
Having arranged to acquire the remaining portion of Falconbridge Gold (TSE) that it does not own, Kinross Gold (TSE) is well on its way to achieving its goal of becoming a medium-sized gold producer b…
New chairman for Metall
Heinz Schimmelbusch has been replaced as chairman of Metall Mining (TSE). The company’s board of directors has filled the vacancy by appointing Klaus Goeckmann, a director of Metallgesellschaft AG. Sc…
Bishop Res. adds ground to Mexican gold property
Having outlined four new targets on its Guadalupe gold property in Sonora state, Mexico, Bishop Resources International Exploration (CDN) has staked an additional 920 hectares. The new target areas we…
COMMENTARY — Reclamation not inexpensive
The gold mining industry in the United States spends millions of dollars annually on reclamation efforts. The planning, design, recontouring, revegetation and maintenance associated with reclamation e…
PRODUCER PRICES (December 27, 1993)
ALUMINUM: MW U.S. market US51.5-53 cents per lb. (Dec. 9, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 1993). …
LATIN AMERICAN BEAT — Republic Goldfields in Cuban deal
Republic Goldfields (VSE) has entered two joint-venture contracts with the Cuban government entity Geominera S.A. The contracts cover the Gaspar and Purial concessions, which total 2,110 sq. km. It is…
Bolivar acquiring Nena concession
Bolivar Goldfields (VSE) can acquire a gold concession previously worked by local miners in the Chicanan district of Venezuela. The 2,000-hectare Nena concession is south of a gold discovery made by G…
Bitech, Noveder in option deal
Private company Noveder of Rouyn-Noranda, Que., has signed a letter of intent to acquire the Nugget Pond gold property in northern Newfoundland. Nugget Pond is owned by Toronto-based Bitech (ASE) and …
DIAMOND PAGE — Torrie pipe yields more diamonds at Yamba
Joint-venture partners Tanqueray Resources (ASE), Fibre-Klad Industries (ASE) and Mill City Gold (VSE) provided some Christmas cheer to shareholders by reporting that diamonds were found in the second…
STOCK MARKETS — Mining shares add strength to TSE’s year
The Toronto Stock Exchange enjoyed a fabulous year. With only about a week to go before 1993 fades into history, the 300 Composite Index gained nearly 1,000 points year over year. On Dec. 22 last year…
Funds move the marketplace
The short-term rebound in metals has yet to raise prices to profitable heights. Most of the London Metal Exchange (LME) volumes, which have doubled over similar periods last year, are almost entirely …