Imperial teams with Sumitomo
Development work is being accelerated now that financing is at hand for the Mount Polley copper-gold project in central British Columbia. Imperial Metals (TSE) reached an agreement with Japan-based Su…
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INVESTMENT COMMENTARY — Merger expected to boost Granges
With the merger between Granges (TSE) and Hycroft Resources & Development (TSE) now approved, Yorkton Securities sees upside in the combined company. “Very simply, the merger unites cash on one side w…
LETTER TO THE EDITOR — Ensuring the industry’s future
I must respond to Bryan Lee’s unwarranted attack (“Keep mining in Canada, but at what cost?”, T.N.M., April 3/95) on the Canadian mining industry, in which he states that mining “has not been environm…
PEOPLE — AMARADO RES.
A. Ransom appointed president, chief executive officer and director.
PEOPLE — FALCONBRIDGE DOMINICANA (FALCONDO)
James Corrigan appointed president and general manager.
Exploration gives life to Red Lake mine
The discovery of new reserves below current working levels at the Red Lake gold mine in northwestern Ontario has given the project new life. Owner Goldcorp (TSE) has budgeted $10 million, including $6…
Kennecott out of Hanover JV
Citing an unsatisfactorily small land position, Kennecott has withdrawn from a joint venture with Hanover Gold (NASDAQ) in southwestern Montana. (An increase in reserves was needed to meet Kennecott’s…
Minorca pitches plan to creditors
The owners of Minorca Resources (ME) are hoping to reach a settlement with creditors which will allow the company to expand its development plans for the Donalda gold mine near Rouyn-Noranda, Que. Min…
Loki Gold facing permitting delays
Red tape is tying up Loki Gold (TSE) as it endeavors to begin construction at the Brewery Creek open-pit project in the Yukon. The deposit hosts a diluted minable reserve of 16.7 million tonnes gradin…
Inco completes IP survey work
Drilling is under way at a gold-copper-zinc property in Quebec’s Casa Berardi Twp., Cross Lake Minerals (VSE) and East West Resource (VSE) report. The juniors say the exploration unit of Inco (TSE) co…
Orvana upgrades Central Inlier
Drilling on the Central Inlier property in Jamaica has returned significantly better gold grades than previous attempts. Orvana Minerals (TSE) drilled four test holes on the Bennet zone, using techniq…
Arequipa signs up Asarco
Junior explorer Arequipa Resources (VSE) has formed a joint venture with a major mining company. That company, Asarco (NYSE), can earn up to a 60% interest in nine newly formed Peruvian companies, eac…