From August to September, both the composite indicator and mining indicator of the Vancouver Stock Exchange dropped by 2%. Also, four exploration and development companies were newly listed, including…
Vancouver-based Cominco (CLT-T) has approved a US$300-million expansion program at its Cajamarquilla zinc refinery near Lima, Peru.The expansion, expected to be completed by the first quarter of 2000,…
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A new gold zone discovered by Richmont Mines (RIC-T) at its Francoeur mine, west of Rouyn-Noranda, Que., promises to add significantly to reserves.The new No. 7 zone, a steeply dipping structure that …
Preliminary drilling by Mirandor Exploration (MIQ-M) has uncovered three new gold zones on its Railroad property in Nevada’s Carlin trend.Dubbed Bunker Hill, LT East and Elliot High Ranch, the zones r…
Through a deal with a private owner, Brazilian Resources (BZIN-C) has acquired a majority interest in the producing Santa Maria open-pit, heap-leach gold mine in Brazil.Brazilian recently signed a 3-y…
Additional financing may help the Madsen gold mine in Red Lake, Ont., to reach full production this fall, several months behind schedule.Madsen Gold (MGF-T) has arranged a private offering of 1 millio…
Drilling on the South Voisey’s Bay property in Labrador has returned three separate narrow zones of massive sulphide mineralization for equal partners Northern Abitibi Mining (NAI-A) and Donner Resour…
Toronto-based Wheaton River Minerals (WRM-T) has added nearly 2 million oz.to its gold mineral base by acquiring the Bellavista gold project in Costa Rica from Minera Rayrock (MRN.Z-T).Wheaton conclud…
The Toronto Stock Exchange shifted into high gear over the report period ended Oct. 7, setting records on each of the five trading days. The TSE 300 index closed the week at 7,209.93 for a gain of 169…
The Canadian-South African Consortium, in which Crew Development (CRU-T) holds a 48% direct and indirect interest, has acquired the Chibuluma copper-cobalt project from state-owned Zambia Consolidated…
Drilling at Birch Mountain Resources’ (BMD-A) 12,000-ha Swift River property in southern Yukon has encountered sulphide mineralization in three of nine drill holes.Last summer’s exploration program in…
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