Goldcorp Inc. amalgamation
Shareholders of CSA Management (TSE), Goldcorp (TSE) and Dickenson Mines (TSE) have formally agreed to form a new company, to be known as Goldcorp (see T.N.M., Feb. 14/94). The plan was approved by 99…
News
LAST BUT NOT LEAST — Globex finds more gold at Tarmac
Three holes have intersected additional gold mineralization at Globex Mining’s (ME) Tarmac property in Dubuisson Twp., Que. Hole G-94-13 intersected 0.5 ft. averaging 1.52 oz. gold per ton at a depth …
LAST BUT NOT LEAST — Arequipa plans funding
With fundraising plans in place, Arequipa Resources (VSE) expects to boost its interest in Peruvian-based Acuarios Minera y Exploradora to 50% from 20%. Arequipa acquired the initial 20% interest last…
U.S. Antimony producing again
Having avoided bankruptcy, United States Antimony is again producing gold on a small scale. More than 250 oz. per month is being produced from its Yellowjacket property in central Idaho. (The mill is …
Adex options Guyanese project
Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…
Battle Mountain gets leeway in Crown Jewel ruling
An arbitrator has ruled that Battle Mountain Gold (NYSE) is not required to make the first two US$1-million penalty payments to Crown Resources (TSE) under the companies’ Crown Jewel joint-venture agr…
LETTERS TO THE EDITOR — Information sought about claims
I am one of a group of three independent prospectors who hold potential base metal claims in northwestern Grenfell Twp., near Kirkland Lake, Ont. These claims were the subject of considerable explorat…
OBITUARIES — Sherman Tough
The son of a prospector and a native of Cobalt, Ont., Sherman Tough has died. He was 82. His entry into the world of mining came at a young age when he accompanied his father, George, and his uncles i…
STOCK MARKETS — Bank rate jump causes 300 index to plummet
The Toronto Stock Exchange 300 composite index dropped 94.36 points March 29 to 4,393.61, its largest single-day loss since Feb. 4. The selloff was triggered by a two-thirds-of-a-percentage-point jump…
Loki ups tonnage at Brewery Creek
As part of an ongoing feasibility study of its Brewery Creek property, Loki Gold (VSE) has released a new estimate of the Yukon project’s geological resource. Based on a cutoff grade of 0.3 grams gold…
Producer Prices (April 04, 1994)
ALUMINUM: MW U.S. market US61.25-62.75 cents per lb. (Mar. 17, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
China imposing a sales levy on miners
China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …