Private placement financings have enabled Northfield Minerals (TSE) to fund work programs at four of its properties.Northfield has raised $2.5 million through the issuance of 3.6 million common shares…
The Toronto Stock Exchange had a relatively quiet week, with low to moderate trading volumes and little movement in the indices. The TSE 300 composite index fell 9.53 points over the period Feb. 21-27…
Improved copper prices and additional production from the Cerro Colorado mine in Chile helped Rio Algom (TSE) post improved financial results in 1995.The company produced 197.1 million lb. copper in 1…
The Geological Survey of Canada’s (GSC’s) fourth biennial Minerals Colloquim in Ottawa attracted representatives from Canadian, as well as foreign, companies.Entitled “Canadian Mineral Deposit Types: …
A grid geochemical sampling program is proceeding on the Manacal prospect, which forms part of the 1,032-sq.-km Trinidad concession in central Cuba.The Trinidad is one of three Cuban concessions compr…
Despite an increase in gold reserves, Homestake Mining (NYSE) posted lower profits in 1995. The decrease was caused by a combination of a high tax rate and low gains from the sale of assets.The compan…
Drill results from the Itetemia gold property in Tanzania have prompted Tan Range Exploration (ASE) to inject more cash into the project.Tan Range has allocated more than US$2 million to the Itetemia …
Exploration work will attempt to increase reserves in three target areas on the Siwash property near Merritt, B.C.Owner Fairfield Minerals (TSE) will spend $1.2 million on the property this year and p…
Earnings of $15.9 million were reported by Denison Mines (TSE) for 1995, compared with $15.2 million a year earlier.Revenues fell to $64.1 million last year from $85 million in 1994. The decrease in r…
Exploration expenditures in Scandinavia reached record levels in 1994, and the trend continued into 1995.According to Scandinavian Mining and Exploration Annual Review 1995, published by Raw Materials…
A drill permit for the Bismillah 1 claims west of Nain, Labrador, will not be issued until an archaeological survey has been conducted there and the project is approved by the Newfoundland Department …
Consolidated Callinan Flin Flon Mines (VSE) has started exploratory drilling on the Walter polymetallic property near Flin Flon, Man.The company plans to drill up to 10 previously untested targets, de…
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