Barrick hedges gold to 1999
Already one of the best-hedged gold miners in the business, American Barrick Resources (TSE) recently extended its safeguard against weak gold prices to the end of the century. Under a deal with banke…
News
U.S. REPORT — Imperial ups stake in Sterling with Cathedral
Several recent agreements set the stage for Imperial Metals (TSE) to increase its ownership of Cathedral Gold (TSE) and acquire a 10% direct interest in the producing Sterling gold mine in Nevada. Imp…
Brewery Creek winding down its 1992 exploration program
The 1992 exploration program is winding down at the Brewery Creek gold project near Dawson, Yukon, a joint venture held 51% by Hemlo Gold Mines (TSE) and 49% by Loki Gold (VSE). At last report, 15 rev…
MINING IN MEXICO — New opportunities expected with NAFTA
The Canadian mining industry should carefully consider the new opportunities in Mexico which will result from ratification of the North American Free Trade Agreement (NAFTA), says James Buchanan, a pr…
LETTERS TO THE EDITOR — Economic recovery needs
Today, the WNW Prospecting Syndicate, a venture funded by the Ontario Prospectors Assistance Program, began stripping overburden from a showing in the Geraldton, Ont., gold area. The Ministry of Natur…
Dignitary to showcase Australia at CIM lunch
Globe-trotter Sir Arvi Parbo will give a talk on Australia’s minerals industry at an Oct. 22 luncheon in Toronto’s Royal York Hotel. His speech will address such topical issues as land rights, sustain…
Kookaburra lands Ecuador property
Adding to a portfolio of copper-oxide properties, Kookaburra Gold (VSE) reached an agreement with AG Armeno Resources (VSE) to acquire up to a 65% interest in the Chaucha copper project in Ecuador. Ko…
MINING IN MEXICO — Placer Dome mining Mexican silver
As an international mining company, Placer Dome (TSE) has years of experience working in a variety of foreign countries. Today the company has mines and exploration projects all over the globe. While …
NEWS ROUNDUP — Deak exercises Yorbeau option
Having completed mill tests on 6,000 tons of ore to confirm grade and recovery, Deak Resources (TSE) says it will exercise its option to acquire the Astoria deposit in northwestern Quebec from Yorbeau…
NEWS ROUNDUP — Westray coal unavailable, Devco fills gap
Unable to buy coal from the closed Westray mine at Plymouth, N.S., provincial utility Nova Scotia Power Corp. will purchase an additional 300,000 tonnes coal from Cape Breton Development Corp. (Devco)…
NEWS ROUNDUP — Northgate buys back debentures
Under an offer to repurchase its debentures, Northgate Exploration (TSE) announced that $11,553,000 (84%) of its 7% convertible subordinated debentures have been tendered. Under the offer, Northgate p…
ON THE LEVEL — Ontario Hydro needs a Bill James
Ontario Hydro, that giant Crown-owned utility, is creating quite a headache and dilemma for Falconbridge Ltd., its largest buyer of industrial electricity. The big mining firm, suffering from what it …