Cyprus, Amax spawn mega mining company
The merger of two of the largest mining companies in the U.S. is expected to create one of the largest in the world. Amax (NYSE) and Cyprus Minerals (NYSE) are proposing to merge into a new entity, Cy…
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Mining comes to B.C. students
Students in British Columbia are being introduced to mining through a program produced by the province’s Mining Association (MABC) and a division of its teachers federation. The joint project resulted…
NEWS ROUNDUP — Noble Peak secures funding
Toronto-based Noble Peak Resources (ASE) has entered an agreement with four private investors to raise $750,000. The placement comprises about $600,000 in flow-through common shares at $1.05 per share…
DIAMOND UPDATE — Pure Gold faces lawsuit from Loumic
Legal action has been brought against Pure Gold Resources (TSE) by Loumic Resources (VSE), which claims to have interests ranging from 6.5%-16% in four of Pure Gold’s properties in the Northwest Terri…
Spot prices at a glance (May 31, 1993)
Week’s Price (US) Change Gold* $377.25 – $1.50 Silver* $ 4.56 – $0.18 Platinum* $390.10 – $1.90 Nickel** $ 2.57 + $0.03 Lead** $ 0.18 $0.00 Copper $ 0.83 + $0.02 Zinc $ 0.44 $0.00 Courtesy of Scotiaba…
Arimetco boosts MacArthur interest
Tucson, Ariz.-based Arimetco International (TSE) plans to acquire the remaining half of the MacArthur copper property in western Nevada. The property, jointly owned by Arimetco and Brookline Minerals …
Ex-Gold Fields managers run Akiko
Several former senior executives of Gold Fields Mining have taken over the helm of Akiko Gold Resources (VSE). President Stephen Flechner said Akiko intends to pursue projects that will enable it to b…
INSIDER TRADING — Downey sells Northgate stake
Patrick Downey, chief financial officer for Campbell Resources (TSE) and Northgate Exploration (TSE), sold his holdings in the sister companies in late April. According to the Ontario Securities Commi…
JUNIOR MINING — Juniors display varied exploration
The strategies employed in searching for mines vary from company to company. Among other factors, they are determined by company size, financial clout and management’s view as to which minerals offer …
JUNIOR MINING — Campbell mine gives MINEX a try
Notwithstanding a full plate of interesting international gold prospects, one of Placer Dome’s (TSE) priority exploration programs is being played out at its North American flagship operation. The Bal…
JUNIOR MINING — Canadian juniors active in African metals
The search for deposits has taken many Canadian junior companies abroad, including to Africa where the chances of discovering precious metals, base metals or diamonds are as favorable as anywhere else…
JUNIOR MINING — De Beers plans increase in producer
South Africa-based diamond house De Beers announced recently that it will buy more diamonds from producers because of an improvement in the market. The company controls more than 80% of the global tra…