Ashanti to increase African property portfolio
In an effort to increase its gold production in Africa, Ashanti Goldfields has announced plans to acquire Toronto-listed International Gold Resources (IGR).IGR’s principal asset is the right to acquir…
News
ODDS’N’SODS — High water and base language
I was employed at New Ontario Machine Works for many years, and it was 1936 when the shop received an urgent telephone call from the Desantis gold mine’s master mechanic, who was sending us the projec…
COMMENTARY — Community relations in P.N.G.
Placer Dome’s Porgera gold mine in Papua New Guinea (P.N.G.) is one of the more socially, politically and technically complex mining operations in the world. Besides the task of winning more than 400 …
Baylis to speak at CIM meeting
The president of Crown Butte Resources will speak at the April 18 luncheon of the Canadian Institute of Mining, Metallurgy & Petroleum, to be held at the Ontario Club in Toronto.John Baylis, who is al…
Miners and natives meet at forum
Improved relationships among First Nations peoples, resource companies and government were the focus of the recent Mining and Energy Forum, held in Lower Post, B.C.Hosted by the Yukon’s Kaska Dena nat…
METALS COMMENTARY — Changes are expected in cost structure of the nickel industry, study says
A recent study by mining and metal consultants Brook Hunt suggests the cost structure of the nickel industry will be “dramatically altered” by the end of the decade when the significance of the Voisey…
Cata Preta returns good gold values
Drilling on the Cata Preta property in Brazil is returning gold values for Black Swan Gold Mines (TSE).The company has already issued the property vendor 8 million shares under an option agreement to …
Voisey Bay Res. in Indonesia
Voisey Bay Resources (VSE) will buy a 24.5% interest in four Indonesian gold properties held by Minorca Resources (ME).As consideration, it will pay US$2 million and 500,000 of its shares.Three of the…
FINANCING (April 08, 1996)
Santa Cruz Gold — 5,845,500 Units each consisting of one Common Sh and one-half of one Common Sh Purchase Wt to be issued upon the exercise of 5,845,500 previously issued Special Wts @ 50 cents per U…
STOCK MARKETS — Resource stocks left behind as TSE climbs
Gold producers and base-metal miners lost ground over the report period ended April 2, while the Toronto Stock Exchange composite index moved past the 5,000-point mark. The TSE 300 composite index gai…
STOCK MARKETS — Western markets hot as gems return to favor
The Vancouver Stock Exchange set new records for volume and value during the first quarter, with 2.2 billion shares traded, representing a value of $2.5 billion.Trading during the report period ended …
Eastfield and Prism plan work in Nevada
Partners Eastfield Resources (VSE) and Prism Resources (VSE) have bought the Three Hills project in Nevada.The companies paid Coeur Exploration US$320,000 for the property, which, when combined with t…