Hecla plans Lucky Friday expansion
A newly discovered deposit is expected to reduce overall mining costs and more than double the silver output of the Lucky Friday mine near Mullan, Idaho. Operator Hecla Mining (NYSE) intends to start …
News
Miramar plans Talapoosa takeover
A new suitor has turned up for the Talapoosa heap-leach gold-silver property in Lyon Cty., Nev. Miramar Mining (TSE) plans to acquire Talapoosa through a merger with the property’s owner, Athena Gold …
Joutel and Teck complete Cuban deal
Two TSE-listed companies, Teck and Joutel Resources, have reached an agreement to develop the latter’s exploration lands in Cuba. In accordance with the agreement, Teck has bought 1.5 million subordin…
NEWS ROUNDUP — Hardrock property portfolio grows
Affiliated companies Hardrock Extension (TSE), Geraldton Longlac (CDN) and Ferau Resources (CDN) have entered into agreements whereby Geraldton and Ferau will vend their interests in mining claims to …
ANC in favor of returning mineral rights to the state
The new government of South Africa wants mineral rights inside the country to come under state ownership. British news magazine The Economist says the African National Congress (ANC) of newly elected …
ODDS’N’SODS — A `ground loop’ to remember
Aircraft were used extensively by Canada Tungsten in the development of its tungsten mine at Flat River, N.W.T. We had many exceptional bush pilots in our aircraft charters and finally we settled on B…
TVX acquiring Czech prospect
An agreement with two companies will allow TVX Gold (TSE) to acquire controlling interest in a Czech company which owns the exploration rights to the Kasperske Hory gold property in the Czech Republic…
BHP drills Cabre property
Project operator BHP Minerals Canada reports receiving results from four additional holes drilled at Southern Africa Minerals’ (ASE) Caber base metal property in northwestern Quebec. TAbout 35 km sout…
Sentinels award winners announced
To be eligible for the eight Sentinels of Safety awards, a mine in the U.S. must have accrued at least 30,000 injury-free hours in a given year. Far exceeding that total in 1993 was the Cyprus Sierrit…
Eldorado active at new Mexican gold project
With one gold mine in Mexico up and running, Eldorado (TSE) is turning its attention to another gold project in that country. Earlier this year, the company opened La Colorada. Situated in Sonora stat…
GOLD FUNDS (August 15, 1994)
BGR Central Net Value $17.36 $6.68 Price $15.75 $7.250 Premium 8.5% Discount 9.28 Value $141,055,000 $131,219,925 \…
NEWS IN BRIEF (August 15, 1994)
Leader Mining Corporation (LMC:ASE) has changed its name to Leader Mining International Inc. (LMN:ASE) on a 1-new-sh-for-5-old-shs basis.