Cortez partners increase stake in Royal Gold
The joint venture that operates the South Pipeline gold project in Nevada’s Crescent Valley has increased its hold on Royal Gold (NASDAQ).The Cortez joint venture, a partnership between Placer Dome (T…
News
Lithos finds gold on Guinean property
On its recently optioned property in Guinea, Lithos (ME) has identified an alluvial gold deposit with a resource exceeding 200,000 oz. grading 0.12 oz.gold per ton.Lithos must pay the Guinean vendor U…
STOCK MARKETS — Metals lose ground as TSE rises
The gold and base metal issues lost ground over the report period ended April 23, as the Toronto Stock Exchange creaked to a new high. The TSE 300 composite index slipped on April 17 but rose steadily…
Noveder options Baie Verte ground
Montreal-listed Noveder has signed option agreements involving three of its properties on the Baie Verte Peninsula in Newfoundland.Sulliden Exploration (ME) has acquired a half interest in the Long Po…
Major options Corner Bay ground
The Mexican unit of Phelps Dodge (NYSE) has signed an agreement to explore Corner Bay Minerals’ (TSE) Cerro Verde copper property in Mexico’s Sonora state.The target is a near-surface oxide copper dep…
Barrick profit even in first quarter
First-quarter income improved only slightly for Barrick Gold (TSE) in 1996 as increased exploration and development expenditures took a bite out of higher revenues.The major reported a first-quarter i…
PRODUCER PRICES (April 29, 1996)
ALUMINIUM: MW U.S. market US74.25-75.25 cents per lb. (April 19, 1996).ANTIMONY: MW New York dealer US$1.80-$1.95 per lb. (April 5, 1996).BISMUTH: MW New York dealer US$3.90-4.00 per lb. (April 19, 19…
Solitario options property in Peru
Solitario Resources (TSE) has signed an option agreement with Britannia Gold (VSE) to earn a 60% interest in the Tigre gold property in northern Peru.Solitario must spend US$900,000 on exploration and…
Continental and Procoloro team up
Drilling is expected to begin in June on the Santa Cruz and Palmichala gold properties near Remedios, Colombia, following an agreement between Montreal-listed companies Continental Resources and Proco…
Far West lists on Alberta exchange
Junior Far West Mining has completed its initial public offering on the Alberta Stock Exchange.A wholly owned subsidiary of 337 Sail View Venture, the company is engaged in the aquisition, exploration…
Casmyn ups gold resources to 5m oz.
Junior Casmyn (USOTC) is preparing to expand its mining and milling operations in Africa.The company, which owns the Turk mines in Zimbabwe, was able to close a US$9.7-million private placement, arran…
Voisey’s Bay might top 150m tonnes
Nickel giant Inco (TSE) pegs the Voisey’s Bay nickel-copper-cobalt find in northern Labrador at more than 150 million tonnes — 50% more than Falconbridge (TSE) had estimated in its bid for the deposi…