Battle Mountain posts profit
On the strength of higher gold production from the Kori Kolla mine in Bolivia, Battle Mountain Gold (NYSE) posted a profit for the first quarter.Net income was US$2.5 million which, after a preferred …
News
Wheaton River plans program
The proceeds of a $2.5-million private placement will be used by Wheaton River Minerals (TSE) to increase the scope of exploration and development this summer at the Golden Bear mine in northwestern B…
GeoNova tests two properties
Three gold structures and other targets at the Diomines and Diomines Extension properties in northwestern Quebec were tested during the 1995 winter drill campaign.GeoNova Explorations (ME) reports tha…
Glamis nixes merger with Golden Queen
A proposed merger of two Toronto-listed companies Golden Queen Mining and Glamis Gold will not proceed.Glamis decided against the amalgamation despite a positive due diligence review of Golden Queen’s…
Nelson sets production date
Production at the Zeravshan gold project in Tajikistan is scheduled to begin in early 1996.Nelson Trade & Finance (TSE) has a 49% interest in the project, where construction of a carbon-in-leach plant…
NEWS ROUNDUP — Noranda options Keltic ground
The Rio Veraguas and Guayabal concessions in Panama have piqued the interest of Noranda (TSE).The major signed an agreement to earn a 51% interest in the properties from Western Keltic Mines (VSE) whi…
Arimetco to drain Yerington pit
Copper producer Arimetco International (TSE) has reached an agreement with federal, state and local authorities for the dewatering of the Yerington pit in Nevada.The federal government has agreed to s…
Ramrod to acquire Atlanta
The acquisition of all outstanding shares of Atlanta Gold (TSE) will give Consolidated Ramrod Gold (TSE) a 100% interest in the Atlanta gold project in southwestern Idaho.Ramrod proposes to issue one …
Voisey Bay a major discovery
Ten minutes, maybe 15. That’s about the time it took for prospectors Albert Chislett and Chris Verbiski to realize they had made a potentially significant mineral discovery while examining a prominent…
Index (May 15, 1995)
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Companies (May 15, 1995)
AberAdanacAdikannAkikoAlbannyAlmadenAmerican REsArgentina GoldArimtecoAtlanta GoldAuraurizonAzcoBattle MountainBell MolybdenumBHPCamphorCanada TungstenCanyonCathedralChaseChief Cons Minin…
Eskay spins gold for Prime
The newly opened Eskay Creek mine in northwestern British Columbia is cranking out profits for Prime Resources Group (TSE).The company earned $5.4 million for the first quarter on revenue of $29.1 mil…