William to raise funds for Velardena
Toronto-listed William Resources intends to raise as much as $9 million to develop and construct a silver-gold mine at its Velardena project in Mexico’s Durango state.The company will issue 10-11.25 m…
News
Canyon extends date for warrants
Junior Canyon Resources has extended the expiration date of warrants for buying stock.The extension, to Sept. 30 from June 30, applies to 3.9 million warrants exercisable at US$3.50 per share.Startup …
Morrison Knudsen picked for Fort Knox
Contractor Morrison Knudsen (NYSE) has been selected to construct facilities for the Fort Knox gold mine, north of Fairbanks, Alaska.Fairbanks Gold Mining, a wholly-owned subsidiary of Amax Gold (NYSE…
Hecla Mining moves closer to turnaround
Despite a considerable improvement over the same period of 1994, Hecla Mining’s (NYSE) report for the recent first quarter was marred with red ink.A US$10-million rise in revenue to US$37 million did …
Tri Origin drills Straw Lake play
A 2,000-metre drill program is under way at Tri Origin Exploration’s (TSE) Straw Lake gold property, west of Thunder Bay, Ont.The northern half of the 2,135-hectare property is underlain by intrusive …
USMX acquires Ecuadorian firm
Colorado-based USMX (TSE) has acquired all of the outstanding capital stock of Mega Minerals, an Ecuadorian company which holds title to eight exploration concessions in the South American country.In …
Spot prices at a glance (May 29, 1995)
Wednesday, May 24Week’sPrice (US)ChangeGold*$382.90-$0.50Silver*$5.40+$0.02Platinum*$431.75+$3.10Nickel**$3.43+$0.12Lead**$0.28+$0.01Copper$1.29+$0.03Zinc$0.47 $0.00Courte…
EDITORIAL PAGE — Expect the unexpected
Residents of Ontario will go to the polls in early June to decide which political leader will hold the reins of power for the next four years. And not long after that, British Columbians will do the s…
LETTER TO THE EDITOR — RTF method unique to Geco
I read, with special interest, the Odds ‘n’ Sods article by Mr. S.J. Hunter referring to the Geco mining system (T.N.M., May 15/95). Mr. Hunter’s frequent contributions and references to unique indivi…
INSIDER TRADING — Senior officers and directors trade Barrick Gold shares
A senior officer and two directors of Barrick Gold (TSE) sold common shares of the company in March.According to the Ontario Securities Commission’s OSC Bulletin, Luis Baertl, senior officer, exercise…
EDITORIAL PAGE — A catalyst for change
The Voisey Bay nickel-copper-cobalt project has sparked the largest staking rush ever seen in Atlantic Canada, with more than 100,000 claims registered in Labrador since the discovery was announced la…
Companies (May 29, 1995)
Aber Akiko GoldAltaiAmax GoldAshton Mng CanAurAurizonBarrick GoldCaledoniaCamphor VCanyonChampionChannelConquistdr Cons SamrkdContl PacfcDiamnd FldsEcho BayElectra MngFalcon…