News


Exploration gives life to Red Lake mine

The discovery of new reserves below current working levels at the Red Lake gold mine in northwestern Ontario has given the project new life. Owner Goldcorp (TSE) has budgeted $10 million, including $6…


Kennecott out of Hanover JV

Citing an unsatisfactorily small land position, Kennecott has withdrawn from a joint venture with Hanover Gold (NASDAQ) in southwestern Montana. (An increase in reserves was needed to meet Kennecott’s…


Minorca pitches plan to creditors

The owners of Minorca Resources (ME) are hoping to reach a settlement with creditors which will allow the company to expand its development plans for the Donalda gold mine near Rouyn-Noranda, Que. Min…


Companies drill in Cuba

A new area of base metal mineralization has been uncovered at the San Fernando project in central Cuba, Holmer Gold Mines (ASE) reports. The junior says hole 1, designed to test an anomaly north of th…


Placer Dome to swallow Equity

Management of Placer Dome (TSE) is offering minority shareholders of Equity Silver Mines (TSE) 70 cents each for all the shares Placer does not already own. Placer already holds 58.8% of Equity’s outs…



EDITORIAL PAGE — NRC’s `strategic renewal’

Natural Resources Canada Minister Anne McLellan, together with other cabinet ministers, has been busy selling the 1995-96 federal budget. So far, it has been a relatively easy sell, as most Canadians …


ODDS’N’SODS — Not-so-deluxe quarters

I have slept in many strange rooms over the years. However, my sleeping quarters in the mill building at the Granduc mine in British Columbia proved to be an experience to cherish. Development work on…


Silver supply projected to stay in deficit position

New silver supplies are projected to fall short of fabrication demand again this year, with the deficit narrowing slightly to about 190.4 mil- lion oz. That is the word from research company CPM Group…


Memorial fund honors Jack White

A memorial fund has been set up by Commercial Testing & Engineering Co. of Illinois to honor a longtime employee, Jack White, who died in an airplane crash in 1994. The company has provided the initia…


PRODUCER PRICES (April 17, 1995)

ALUMINUM: MW U.S. market US91.25-92.25 cents per lb. (April 7, 1995). ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995). BISMUTH: MW New York dealer US$3.65-3.75 per lb. (April 7, 199…


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