EXPLORATION ’94 — Holloway decision awaited
The Holloway gold project in northeastern Ontario could be in production by late 1995 pending approval by partners Hemlo Gold Mines (TSE), Freewest Resources (TSE) and Teddy Bear Valley Mines (CDN). A…
News
NEWS ROUNDUP — Tri Origin to sell 1.2 million units
Junior Tri Origin Resources (TSE) plans to sell up to 1.2 million units on a best-efforts basis. Each unit will consist of one common share and one warrant. Holders of warrants will be entitled to buy…
EXPLORATION ’94 — Promoters a unique breed of people
Promoters are a unique breed of people who share a common ability to create and share a vision. Some of them can do it with an almost evangelical fervor. The undisputed star in Vancouver is Murray Pez…
Rich coastal deposits in southern Africa — Namibian Minerals
About half the world’s diamonds have come from river and coastal deposits along the west coast of South Africa and Namibia. And while virtually all of that has been produced by De Beers, the industry …
Severe winter takes toll on metals
Some first-quarter forecasters will be disappointed, particularly in the U.S. and parts of Europe. Severe winter weather across the Northern Hemisphere has slowed output and consumption of many produc…
NEWS ROUNDUP — CSA revenues and expenses decline
Earnings and revenues for CSA Management (TSE) declined last year as a result of a non-recurring gain of $1.4 million on the sale of an investment in securities realized during 1992. CSA reported a ne…
Acadia signs first deal — Nunavut lands open to mining
In a positive sign for the exploration industry, two companies have inked the first agreement to explore and develop deposits in the newly formed region of Nunavut in the eastern Northwest Territories…
Eden Roc hits gold in five zones
Encouraging drill results, coupled with an imminent influx of $17.6 million cash, bode well for Eden Roc Minerals (TSE). On its 68%-owned, 320-sq.-mile concession in Ivory Coast, the company has inter…
Agnico-Eagle increases earnings
Higher gold prices, together with higher grades at the LaRonde mine in Quebec, enabled Agnico-Eagle Mines (TSE) to earn more money in 1993 than in the previous year. Revenue from the Val d’Or area min…
COMMENTARY — Tungsten and the Chinese market
China is affluent in tungsten resources and its operational costs are lower than those of most tungsten producers in the world. Although the demand for tungsten in the world market is not strong, if C…
Goldcorp approached 100,000 oz. in `93
Total attributable gold production for Goldcorp (TSE) approached 100,000 oz. in 1993, compared with 92,798 oz. in the previous year. Goldcorp is the major shareholder of Dickenson Mines (TSE) and Whar…
STOCK MARKETS — New opportunities fuel Western markets
For much of the past decade, junior mining companies listed on western markets focused on projects in Canada and the U.S., where the target was typically gold. Today, they are raising funds to explore…