News

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…

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…

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…

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…

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…

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 …

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…

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 …

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…

Donald Hudson appointed senior vice-president of development (special projects); W. Hart appointed senior vice-president for eastern coal operations; William Ivy appointed vice-president and general m…

Drilling conducted at the Omai gold mine in Guyana has led to a 40% increase in proven and probable reserves, compared with the estimates contained in the original (December, 1990) feasibility study. …

Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) have drilled their first drill hole in the so-called Wisconsin massive sulphide program. The Sharpe-Freewest program is foc…