Underwriters Midland Walwyn Capital, Nesbitt Thomson and Goepel Shields & Partners have agreed to acquire 10 million special warrants of Kinross Gold (TSE) at $2.50 each for total proceeds of $25 mill…
Vancouver-based Kalahari Resources (VSE) has acquired 31 properties along the Abitibi greenstone belt of northwestern Quebec and northeastern Ontario. The properties were chosen by a group of prospect…
A sampling program on the Corbiere Twp. property near Wawa, Ont., has extended the gold-rich pyrite zone another 60 metres to the west, reports Reed Lake Exploration (ASE). The 3-metre-wide zone, whic…
Diamonds are still the hardest substance available for cutting, but only in a few cases (for example, wheel dressing) are large stones used on their own. Most diamond tooling is made in a manner simil…
Since production started in 1972, Gibraltar Mines (TSE) has adapted to adversity several times and survived. It hopes to continue that strategy partly by expanding mill capacity at its Gibraltar open-…
Toronto-listed Cominco has laid off 190 union employees at its smelter complex in Trail, B.C., bringing the total number of layoffs this year to 285. The company said the job losses are part of a cont…
ALUMINUM: MW U.S. market US56-57 per lb. (July 29, 1993). ANTIMONY: MW New York dealer US76-80 per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.70 per lb. (June 11, 1992). CADMIUM: MW Ne…
Trench results have been received from the Choco-6 gold property in El Callao district in Venezuelas Guyana Shield, reports Gold Vessel Resources (ASE). Three trenches, one of which represents a deepe…
Gold production increased by 29%, to 233,321 oz., during the first half of 1993 compared with the same period last year, Cambior (TSE) reports. The increase is attributed to start-up of production in …
High operating costs resulting from lower-than-expected head grades at the Hayden Hill mine prompted Amax Gold (NYSE) to take a second-quarter writedown of US$69 million. Since June, 1992, when the mi…
Several recent agreements are expected to increase Venezuelan Goldfields (VSE) exposure to mining concessions in Venezuela. The company intends to subscribe for two million units of Consolidated Cassa…
The silver-zinc-lead mine of Minera Real de Angeles in the Mexican state of Zacatecas is expected to be re-opened in the near future, Mexican sources say. The mine was closed in April, but higher silv…
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