News

Toronto-based Kinross Gold (TSE) is increasing production at the QR mine near Quesnel, B.C. The daily rate will rise to 800 from 500 tonnes, as a result of the provincial government having approved an…

Underground tests have confirmed the grade, continuity and minability of the Holloway gold project in northeastern Ontario. Geological reserves of the Lightning zone have risen to 5.2 million tonnes a…

The Canadian Dealing Network (CDN) more than doubled its trading volume in 1993. The over-the-counter exchange traded more than a billion shares, up from 404.5 million in 1992. Also on the rise was th…

London Metal Exchange Spot closing prices in $US per tonne Date Feb. 8 Feb. 7 Feb. 4 Feb. 3 Feb. 2 Copper 1871-1872 1871-1872 1867-1868 1894-1896 1911-1912 Lead 498-499 506-507 510-511 507-508 506-507…

The 1980s saw American Barrick Resources (TSE) grow from a single, small-producing mine to one of North America’s premier gold companies, with five operations. This growth should continue, as the comp…

CDN-listed International Gold Resources can acquire 770 sq. km in Burkina Faso, West Africa. It can do so, subject to the government’s right to acquire a 10% interest, by making unspecified payments a…

Deciding that carbonized vegetable matter is not everything, Fording Coal has bought a wollastonite property in northwestern Mexico. Through a wholly owned Mexican subsidiary, the Calgary-based compan…

Junior Inter-Rock Gold (ME) is optioning seven properties near Jefferson, S.C. The 1,118-acre ground is immediately north of the past-producing Brewer gold mine. Recent exploration on one of the prope…

Patrick James elected president and chief operating officer; Richard Zitting appointed chairman and chief executive officer.

An option agreement has been signed, affecting the Frida gold concession in southeastern Venezuela. Over a 30-month period, Metallica Resources (CDN) can buy all the shares of vendor Minera Sabine for…

In an unusual reversal of roles, a mining company has announced its intention to sue the government of Ontario. Madsen Gold (TSE) has served the required 60-day notice of its intention to take legal a…

The southern portion of the Battle Mountain-Eureka Trend in eastern Nevada has heated up since Homestake Mining (NYSE) announced an impressive gold discovery there late last year. Since the discovery …