STOCK MARKETS — TSE stages pre-Christmas rally
A pre-Christmas rally enabled the Toronto Stock Exchange to post a modest gain over the 3-day report period ended Dec. 27 (Canadian markets were closed on Dec. 26 and 27). The composite 300 index rose…
News
Cdn. Reserve options platinum play in Ontario
Junior Canadian Reserve Gold (VSE) can earn a half interest in a 44-claim Tib Lake platinum property, 16 km west of North American Palladium’s (TSE) Roby zone. As consideration, Canadian Reserve will …
STOCK MARKETS — Murgor leads as western markets stage
With the bugaboo of tax-loss selling now past, western markets managed to rebound during the holiday-shortened period ended Dec. 27, 1994. The Vancouver Stock Exchange composite index added 22 points …
Pandora expands Monterde ground
Partners Pandora Industries (VSE) and Mill City Gold (VSE) have added 720 acres to their Monterde mine property in Mexico’s Chihuahua state. The new ground covers the possible strike extension of gold…
1994: A LOOK BACK — The events that led to . . .The making
Dominating mining news this past year was the dramatic battle for control of Lac Minerals which, until recently, was one of Canada’s — and the world’s — leading gold producers. The suspense-filled s…
1994: A LOOK BACK — North American companies producing gold,
The increasing trend toward “globalization” of the mining industry continued in 1994, with an increasing number of North American-based companies succeeding in bringing foreign properties into product…
Royal outlines resource at Long Valley
At its Long Valley project in California, Royal Gold (NASDAQ) has outlined an indicated resource of 49.6 million tons averaging 0.018 oz. gold per ton. In the process of drilling 18 vertical and angle…
1994: A LOOK BACK — Seven mines come on stream in ’94
Seven mines — four gold, one platinum group metals, one nickel and one base metal — achieved producer status in 1994. By far the largest of these is Louvicourt, co-owned by Aur Resources (TSE), Teck…
1994 A LOOK BACK — Falconbridge goes public
Canada’s second-largest nickel producer, Falconbridge (TSE), completed a successful initial public offering about mid-year. The transaction, worth about $1.4 billion overall, was one of the country’s …
1994 A LOOK BACK — Anvil Range makes Grum plans
A group of former employees of Curragh successfully acquired the Faro zinc-lead mine assets of the bankrupt producer. The operation is situated in the Yukon. Anvil Range Mining (TSE), which became a p…
Hendricks on track at properties
Several developments are reported from Hendricks Minerals Canada’s (CDN) three base and precious metals projects. Assay results are now available from the last hole of the 1994 exploration project at …
Breakwater completes rights offering
Zinc producer Breakwater Resources (TSE) reports that its previously announced rights offering has been fully subscribed. Proceeds, prior to expenses, were $23.9 million. About $15.5 million will be u…