Wheaton reports income for 1993
Toronto-listed Wheaton River Minerals has reported a consolidated net income of $1.8 million or 17 cents a share for 1993, compared with a loss of $520,000 or 7 cents a share in 1992. Almost $1 millio…
News
LATIN AMERICAN SPECIAL — Free-trade pacts popular throughout
Free-trade agreements are catching on across Latin America. Mexico, Colombia and Venezuela have been negotiating a trading zone which, once in place, could attract new members such as Peru, Bolivia an…
LATIN AMERICAN SPECIAL — Colombia attracts Canadian miners
Long known as one of the world’s leading emerald producers, Colombia is now emerging as a location for renewed gold exploration. This is due to two factors: one is that little of the country has been …
Green light for Eskay Creek
The British Columbia government has awarded a mine development certificate to Prime Resources Group (TSE) for its Eskay Creek gold project 80 air-km north of Stewart. The project was given a full tech…
South Australia invites exploration
An increase in exploration in South Australia has prompted that state’s government to commit funds for a further work program. About A$1 million of the A$5-million program will finance airborne geophy…
Onshore, Minorco to drill Irish play
Partners Onshore Resources and Minorco are continuing their search for base metals on a 650-sq.-km property in central Ireland. The property is on a major structural trend which extends southwestwards…
Copper doldrums force Crew to drop Red Dog project
The poor price of copper has prompted Crew Natural Resources (VSE) to drop its interest in the Red Dog copper-gold project on northern Vancouver Island. The decison was also influenced by BHP Minerals…
Gold Funds (April 04, 1994)
Gold Funds as of Mar. 30 BGR Central Net Value $18.08 $7.10 Price $17.25 $7.750 Premium 9.2% Discount 4.61% Value $146,924,000 $140,269,575…
NEWS IN BRIEF (April 04, 1994)
Zicton Gold (ZGL:ASE) has changed its name to Saddle Mountain Mining (SLD:ASE) on a share-for-share basis.
Orco’s Donalda producing gold again
The operator of the Donalda gold mining project is projecting output of about 20,000 oz. for the first year. Orco Resources (ME) placed the project, which sits just outside city limits, into productio…
Int’l Platinum halted pending assay check
The shares of International Platinum (IPC) have been halted from trading on the Toronto Stock Exchange pending an “independent verification” of recently reported assay results from its property in La …
Campbell divides time between Mexico and Quebec
For years, Campbell Resources (TSE) has been hobbled with a mixed bag of gold-copper, asbestos and coal investments. Profitability and a clean balance sheet were elusive. However, the past few years h…