News

Terry Fields appointed president and director. N5…

The Granada gold project, 6 km southwest of Rouyn-Noranda, Que., is set to begin producing this month. Joint owners KWG Resources (ME) and SEG Exploration (ME) report that the property, a former produ…

Antonio Mabanta appointed director. N5…

John Campbell appointed director. N5…

Toronto-listed World Wide Minerals (TSE) has acquired an option on six gold and base metal properties in Ecuador. Nestled in the Andes, the properties are underlain by structurally deformed volcanic r…

Work is continuing on two concessions in Tanzania under the direction of BHP Minerals International. The company is earning a 66% and a 58% interest, respectively, in the Kagera and Kabanga ground fro…

BHP Minerals Chief Executive Officer Jeremy Ellis told a meeting of financial analysts in Toronto this past week that 1994 will be pivotal to the BHP-Dia Met play in the Northwest Territories. The com…

ALUMINUM: MW U.S. market US49.75-51.50 cents per lb. (Oct. 28, 1993). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…

Encouraged by assays from its Guadalupe prospect in northwestern Mexico, Bishop Resources International Exploration (CDN) says exploration will continue. Initial samples of high-grade material returne…

Production results so far this year have Placer Dome (TSE) confident it can meet or exceed its production goal for 1993. That goal is 1.8 million oz. gold at a cash cost of US$190 per oz. The company’…

A decision to spend an additional $5.5 million on increased exploration of the Red Mountain gold project in British Columbia has led to a quarterly loss, Lac Minerals (TSE) reports. The gold producer …

Taking advantage of the recent jump in its share price, Orvana Minerals (TSE) plans to raise $19.2 million through a private placement at $7.37 per share. Proceeds would fund further exploration of th…