Santa Elina to build new plant
Last year, Brazilian gold producer Santa Elina Gold (TSE) raised over US$36.5 million through an initial public offering and private placement.The funds were used to pay down existing debt, to purchas…
News
Prefeasibility study expected for El Dorado
A drilling program is helping Mirage Resource (TSE) to gain a better understanding of the northernmost prospect on its El Dorado gold project in El Salvador.Drilling has tested the La Coyatera North z…
Quebec juniors conclude Auclair joint venture
Silver Century Explorations, an affiliate of Agnico-Eagle Mines (TSE), has concluded an option agreement with two Quebec-based juniors, Explorations Diabior (TSE) and Virginia Gold Mines (ME).The agre…
Patrician forms joint venture
Details of a proposed joint- venture agreement between South African gold-producer JCI and Patrician Gold (ASE) on three of Patrician’s Tanzanian properties have become available.JCI has the option to…
Red Chris play shows potential
Junior American Bullion Minerals (VSE) is more than satisfied with preliminary drill results at its Red Chris project in northern British Columbia.Several holes on the southern margin of the establish…
INSIDER TRADING — Northfield directors trade common shares
Three directors of Northfield Minerals (TSE) traded common shares of the company in March.According to the Ontario Securities Commission’s OSC Bulletin, Robert Cudney, director, bought 25,000 shares p…
INVESTMENT COMMENTARY — Sleeping Giant results cause analysts to wake up to Aurizon Mines’ potential
Gold producer Aurizon Mines (TSE) has cropped up on the buy lists of several mining analysts who follow junior resource stocks.The company’s share price has improved from earlier this year, when it wa…
Monarch starts off slowly in 1995
With gold production below target, Monarch Resources (TSE) lost US$2.2 million during the first quarter, compared with a net income of US$55,000 in the same period last year.While production increased…
Metal Prices — FREE MARKET (June 12, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 6June 5June 2June 1May 31Copper2881-2882 2911-2913 2877-2887 2862-28642851-2852Lead593.5-594.5 593.5-594.5 610.5-611.5 605.5…
New zone found at Mount Pleasant
A 5-hole exploration program has enabled Adex Mining (TSE) to confirm continuity of ore-grade mineralization between two known zones on the Mount Pleasant property in southern New Brunswick.The drilli…
Reunion Mining busy in Ghana
Reunion Mining, 30.7% owned by Toronto-based Caledonia Mining (TSE), has acquired rights to earn an interest in two gold prospecting licences near Bibiani, Ghana.Reunion’s agreement with the Placer Do…
Corner Bay acquires Arizona copper play
Corner Bay Minerals (TSE) is acquiring the Korn Kobb copper property in Arizona by making option and acquisition expenditures and paying a residual royalty on production to the vendor.Corner Bay has, …