MSV increases revenue, earnings
Revenue and earnings were higher, but third-quarter production of 12,439 oz. gold and 3.12 million lb. copper was off slightly from the same period in 1993, MSV Resources (ME) reports. A higher copper…
News
Sutton resumes Guyana drilling
Drilling is nearing the halfway point of a 40,000-ft., US$1.5 million exploration program for Sutton Resources (VSE) on its Marudi concession in southern Guyana. The drill program is to confirm the re…
Darnley Bay dispute resolved
A dispute has been resolved concerning prospecting permits issued to Darnley Bay Resources by the Department of Indian Affairs and Northern Development (DIAND). A portion of Darnley Bay’s ground lies …
Non-ferrous metal industry set for major turnaround
A study indicates that times can only get better for the non-ferrous metal industry. Resource Strategies Inc. (RSI) of Pennsylvania, in association with Metals and Minerals Research Services of the Un…
Obituary — Sherwin Kelly
A member of the British Columbia and Yukon Chamber of Mines and the first person to be named a “Fellow of the British Columbia Chamber of Commerce,” Sherwin Kelly died recently. He was 99. A native of…
NEWS ROUNDUP — Madsen buys Dona Lake mill
Junior Madsen Gold (TSE) intends to buy the facilities of the Dona Lake mine, near Pickle Lake, Ont. Madsen will pay $820,000 to Dona Lake Gold Mines for the plant, which includes the 500-ton-per-day …
Wrightbar, Charlim get OK for merger
Shareholders of both Wrightbar Mines and Charlim Explorations have approved the merger of the two Montreal-listed companies. Each Wrightbar shareholder will receive one common share of Lithos, the new…
Glimmer Drilling tests Hislop-Beatty
Junior Glimmer Resources (VSE) has released final results from the last hole in a drill program on the Hislop-Beatty property in northeastern Ontario. Hole 142 featured five intercepts, including an u…
TSE Short Positions (November 14, 1994)
Semi-monthly reports as of Oct 15, 1994 showed 257,344,810 shares of 878 issues compared with 240,252,804 shares of 835 issues on Sep 15, 1994. Larger individual positions included: Aber 132,740, up 3…
FACTS & FIGURES — Peru’s growing mining sector
The mining sector of Peru now represents 11% of the country’s gross national product and more than 40% of legal exports; directly and indirectly, it supports some 10% of the population. It is virtuall…
First Silver eyes Mexican properties
Junior First Silver Resources (VSE) intends to earn a half interest from Agincourt Explorations (VSE) in three silver-zinc properties in Mexico’s Sonora state. The properties consist of 18 concessions…
Rowland leaving Lonrho
One of London’s more controversial and colorful tycoons, Roland (Tiny) Rowland, will resign from the trading company Lonrho PLC, which he has run for three decades, Associated Press reports from the B…