Auger sampling has begun at the Guarimba property in the Kilometre 88 region of southeastern Venezuela. By paying US$3 million cash, Canarc Resources (VSE) can buy the Venezuelan company which owns th…
The rumor machine is in overdrive as speculation mounts that some type of merger may be in the works between junior companies involved with Kennecott in the Lac de Gras region of the Northwest Territo…
Semi-monthly reports as of Nov 15, showed 78,877,144 shares of 800 issues compared with 76,562,043 shares of 792 issues on Oct 31. Larger individual positions included: Aber 123,100; Agnico-Eagle 214,…
A gold discovery by Homestake Mining (NYSE) has triggered a staking rush in the southern portion of the Battle Mountain-Eureka trend in eastern Nevada. A recent hole drilled by the major encountered 0…
Montreal-listed Chesbar Resources has outlined several gold anomalies on two projects it operates in northern Venezuela. On the 2,000-hectare LaSalle project, in the Anacoco camp, a well-defined, gold…
A rescue effort to find two miners trapped underground at the Macassa gold mine of Lac Minerals (TSE) west of Kirkland Lake, Ont., continued at presstime. The pair, identified as Robert Sheldon, 34, a…
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 7 Dec. 6 Dec. 3 Dec. 2 Dec. 1 Copper 1678-1679 1671-1672 1656-1657 1665-1666 1643-1644 Lead 447-448 443-444 433-434 431-432 430-431…
By selling its remaining oil and gas assets in Australia, Brenda Mines (TSE) hopes to add $1.9 million to cash reserves. As of June 30, 1993, Brenda had a cash position of more than $107 million. It i…
Kemano Resources (KRL.A:ASE) and Canadian Northcor Energy have amalgamated to form Purcell Energy (PEL:VSE). Kemano shareholders receive 0.9 new for one old share and Canadian Northcor Energy sharehol…
Toronto-listed Horsham has completed a 25-year debt financing with gross proceeds of US$550 million. The debentures will carry an interest rate of 3.25% and be indexed to the common share price of ass…
Under an agreement with Guinean government, Cyprus Amax Minerals (NYSE) can explore for gold in the region known as Mandiana Prefecture. The area has an extensive gold mining history, with some deposi…
Diamond explorer SouthernEra (TSE) has completed a private placement of 1.4 million units to a group of European investors. Each unit consists of one common share and one half-share purchase warrant a…
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