GeoNova picks up African property
Montreal-listed GeoNova Explorations has acquired an exploration concession in Burkina Faso which hosts three gold showings.The junior will be permitted to explore the 484-sq.-km Titao concession for …
News
Greenstone ups stake in project
Greenstone Resources (TSE) can increase its interest in the San Andres gold project in Honduras to 92% from 81.75%.The company began acquiring an interest in the project in February, 1994, since which…
Falconbridge grows despite production snags at Sudbury
Production problems at the Sudbury operations of Falconbridge (TSE) have not impaired the company’s year-over-year increases in earnings and revenues.Earnings for the second quarter amounted to $72.3 …
New agreement at CCR refinery
Unionized workers at Noranda Metallurgy’s CCR refinery voted 86% in favor of accepting the terms of a new collective agreement.The agreement, which expires in May of 1998, calls for a 2% increase in t…
Drilling at Midas adding lustre to royalty sisters
A second phase of drilling is being completed by Franco-Nevada Mining (TSE) and Euro-Nevada Mining (TSE) on their 22,000-acre Midas gold property in northern Nevada.For the past three years, the compa…
ODDS’N’SODS — A hairbreadth ‘scape down Mexico way
Along with a great many other miners who have turned towards Latin America, I had the opportunity of working in Mexico last year.I have worked in, or visited, many of the famous old mining camps of ye…
Noranda to buy shares of BM&S
A transaction valued at about $225 million will enable Noranda (TSE) to acquire all the publicly held shares of its 63%-owned subsidiary, Brunswick Mining & Smelting (TSE).Noranda will issue half a No…
DIAMOND NEWS ROUNDUP — BHP, Dia Met inching towards production
The recent submission of an environmental impact statement by partners BHP Diamonds (a subsidiary of BHP Minerals) and Dia Met Minerals (TSE) sets in motion the permitting process for what could be No…
PRODUCER PRICES (July 31, 1995)
ALUMINUM: MW U.S. market US89.56.5-90.5 cents per lb. (July 21, 1995).ANTIMONY: MW New York dealer US$2.30-2.50 per lb. (July 14, 1995).BISMUTH: MW New York dealer US$3.60-3.70 per lb. (July 21, 1995)…
VSE names Johnson as president
The Vancouver Stock Exchange has appointed a new president and chief executive officer to succeed Donald Hudson, who is retiring after almost 14 years in the position.Michael Johnson, 52, former chair…
Kinbuari acquires African ground
CDN-listed Kinbauri Gold will explore the 478-sq.-km Soukoura concession in western Burkina Faso.The property is underlain by a sequence of Birimian volcano-sedimentary rocks cut by the 65-km-long, no…
Gold output is set to grow
Gold production throughout the world is expected to increase by an average of 2.5% annually over the next four years, according to World Mine Production of Gold 1994-1998, an annual report issued by t…