News

A new Mexican president was elected this summer and his party, which has ruled the country for the past 65 years, kept a solid majority in both houses of the General Congress. In the presidential vote…

The Canada Business Centre opened its doors Sept. 1 in Mexico City. The Mexican operation is Canada’s first stand-alone trade centre. It provides Canadian business people with a “work place” other tha…

Having taken it on the chin in the recent recession, metals producers — and their customers — are bouncing back in championship style. By shedding non-core assets and reducing costs by remarkable pe…

At the Palmarito project in Mexico’s Sinaloa state, Great Lakes Minerals (TSE) has identified an area with significant gold and silver values. The mineralized area has a strike length exceeding 600 me…

Mexico is projected to produce 65 million oz. silver in 1994. The Silver Institute of Washington D.C., in its World Silver Survey 1994, says mine production in the country fell to 61 million oz. in 19…

Drilling on the Akie property in northeastern British Columbia continues to expand a zone of zinc mineralization. Metall Mining (TSE) is earning a 60% interest in the property from Ecstall Mining (VSE…

Ontario Premier Bob Rae has appointed Gilles Pouliot as acting minister of northern development and mines. He replaces Shelley Martel, the Sudbury East representative who recently resigned from cabine…

WMC International, a subsidiary of Australian mining giant Western Mining Corp. Holdings, has become a player in the search for diamonds in the Northwest Territories. WMC recently signed a deal with L…

Spot closing prices in $US per tonne Date Oct 18 Oct 17 Oct 14 Oct 13 Oct 12 Copper 2485.5-2486.5 2481-2482 2483-2485 2490-2491 2511-2513 Lead 643.5-644.5 640-641 641.5-642.5 634-635 634.5-635.5 Zinc …

Tough deficit talk by Finance Minister Paul Martin failed to inspire investors, the result being that the Toronto Stock Exchange remained flat over the 5-day report period ended Oct. 18. The composite…

Royalty-holder Franco-Nevada Mining (TSE) has paid US$2.25 million to South Africa-based Rustenburg Platinum for a 5% net profits interest royalty in that country’s Pandora platinum property. The depo…

Mexico may not be a leader among gold-producing nations, but it has been consistent in its gold output during the past 10 years. Gold Fields Mineral Services of London, in its Gold 1994 report, says M…