Mt. Grant name change reflects regional focus
Shareholders of Mt. Grant Mines recently approved a name change to Venezuelan Goldfields (VSE) to reflect the junior company’s growing exposure to mineral projects in Venezuela and other Latin America…
News
Swedish mine closes after a millennium
After a millennium of continuous operation, the Falun copper mine in central Sweden has finally run out of ore. Cleanup operations at the mine began in December and are expected to continue through th…
Carlin Gold expands Oregon land holdings
Joint venture negotiations are continuing between Carlin Gold (ASE) and an undisclosed major mining company relating to Carlin’s gold properties in eastern Oregon. Carlin recently acquired claims that…
Eastern Stone options Kenora property
Toronto-based junior Eastern Stone Products (ASE) has acquired 100% of a private Ontario company that has the right to earn a 50% interest in Kenora Prospectors & Miners’ (CDN) Shoal Lake gold deposit…
Minnova arranges smelter contract for Winston Lake
Canadian Electrolytic Zinc (CEZ), a division of Noranda (TSE), has agreed to purchase the zinc concentrate production from Minnova’s (TSE) Winston Lake mine for the first six months of 1993 to a maxim…
Metal Prices — FREE MARKET (January 18, 1993)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan. 12 Jan. 11 Jan. 8 Jan. 7 Jan. 6 Copper 1412-1413 1492-1493 1538-1539 1530-1531 …
Metalore critical of judge’s ruling
An appeal by Metalore Resources (TSE) of the 1990 decision that awarded the Brookbank gold property near Beardmore, Ont., to Ontex Resources (ASE) began recently in Toronto. In a harsh opening stateme…
Granges reports record output
Consolidated production reached record levels for Granges (TSE) for the year ended Dec. 31, 1992. The company reported a 6% rise in gold production over 1991 levels to 110,896 oz., and a 66% increase …
Analysts forecast only slight metal price increases in 1993
As base and precious metal prices either declined or remained relatively flat across the board, 1992 was a rather dismal year for Canadian metal producers. Most industry analysts are forecasting only …
Wharf arranges US$20-million loan
Wharf Resources Partnership, which owns the Wharf open-pit gold mine near Lead, S.D., has arranged a US$20-million term loan with a U.S. bank. The Wharf Resources Partnership is 100% owned by Wharf Re…
Imperial sells Crow Butte interest
A net gain of more than $2 million is expected by Imperial Metals (TSE) from the recent sale of a 22% interest in the Crow Butte uranium mine to Uranerz U.S.A. The transaction will increase Uranerz’s …
Nanisivik funds Asquith on new belt
Nanisivik Mines, a unit of Conwest Exploration (TSE), has agreed to fund initial exploration work on Asquith Resources’ (CDN) claims south of Shining Tree, Ont., through a private placement of common …