NEWS IN BRIEF (February 20, 1995)
Bar Resources (BSL:VSE) has changed its name to Southern Bar Minerals (BMW:VSE) on a 1-new-for-3.5-old-share basis.
News
MSV record for copper output
In the fourth quarter, MSV Resources (TSE) established a new record for copper production. The Montreal-based company mined more than 129,000 tons of ore to yield 4 million lb. of the red metal from i…
Junior tests Quebec property
Exploration has begun on the Jeremie Twp. gold property in northern Quebec. The 195-claim property, owned by Canadian Golden Dragon Resources (VSE) and Cyprus Canada, is adjacent to, and west of, the …
Caledonia mining private placement nears completion
Toronto-listed Caledonia Mining reports a partial closing on the European portion of its private placement of unsecured convertible debentures. To date, $20.5 million of the planned $20.6-million plac…
New zones at La Ronde mine
Ongoing exploration by Agnico-Eagle Mines (TSE) is enhancing the resource potential of its La Ronde mine property near Cadillac, Que. La Ronde, which started up in 1988, is Agnico-Eagle’s main operati…
DIAMOND NEWS ROUNDUP — Parker Lake diamond discovery prods
An unusual and unexpected diamond find at the Parker Lake property, west of Hudson Bay in the Northwest Territories, sent a momentary shock wave through an otherwise sleepy diamond market. The Geologi…
Freeport plans smelter-refinery
Financing is in place for construction of a copper smelter-refinery in Indonesia. Freeport-McMoRan Copper & Gold (NYSE), with a 20% interest, has new partners for the US$550-million smelter-refinery a…
Viceroy out of MK Gold deal
Toronto-listed Viceroy Resource will not proceed with the private purchase of 9 million common shares representing 46.4% of MK Gold (NASDAQ). The deal involved Morrison Knudsen (NYSE), MK Gold’s large…
Golden Star OKs share exchange
The shareholders of Golden Star Resources (TSE) have approved an exchange of shares. One old common share of the company will be exchanged for one new common share and one-fifth of one Class B common …
Future of B.C. exploration in question
A much discussed topic at the 12th Annual Cordilleran Geology and Exploration Roundup was the role played by junior companies and by the Vancouver Stock Exchange in the discovery and development proce…
STOCK MARKETS — BQ losses in by-elections add grit to TSE
Recent Liberal wins in hotly contested federal by-elections were welcome news to investors, which helped the Toronto Stock Exchange post a modest gain during the 5-day report period ended Feb. 14. The…
Mobrun reserves up as production starts on schedule
The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…