First Dynasty Mines completes financing
Newly listed First Dynasty Mines (TSE) has raised US$6.2 million and issued 2 million special warrants (at US$3 per) to close its private placement.So far in 1995, the company has raised US$12.7 milli…
News
Miramar to develop Delita
A preliminary feasibility study on the Delita gold-silver project in Cuba is now complete.Miramar Mining (TSE) hired Davy International to conduct the study, which projects yearly output at 98,000 oz….
TSE SHORT POSITIONS (June 12, 1995)
Short positions outstanding at May 15, 1995.Larger individual positions included: Aber Res. 48,500; Agnico-Eagle 108,080; Asia Pacific 75,000; Baja Gold 71,500; Bema Gold 1,047,100; Breakwater 287,800…
World Wide to explore Peggy property
A recent option agreement sets the stage for World Wide Minerals (TSE) to earn a 50% interest in the Peggy property from AG Armeno Mines & Minerals (VSE).Situated in south-central Ecuador, the Peggy p…
U of T honors Barrick Gold’s Peter Munk
The University of Toronto has bestowed an honorary degree on renowned mining executive Peter Munk.The chairman and chief executive officer of Barrick Gold was awarded an honorary doctorate of law duri…
Reserves increased at Goldfields
Recent drilling has allowed Greater Lenora Resources (TSE) to increase its reserves in the Box pit area of the Goldfields project to 13 million tons grading 0.07 oz. gold per ton.The property is locat…
Metal Prices — FREE MARKET (June 12, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateJune 6June 5June 2June 1May 31Copper2881-2882 2911-2913 2877-2887 2862-28642851-2852Lead593.5-594.5 593.5-594.5 610.5-611.5 605.5…
Santa Fe drills Swan property
A 15-hole diamond drill program by Santa Fe Pacific Gold (NYSE) is testing the potential of several mineralized, “pipe-like bodies” on the Swan gold property, 20 miles south of Helena, in southwestern…
Index (June 12, 1995)
CareersClassified AdvertisingDiamond DrillersDiamond NewsDividendsEarnings ReportsEditorialsInsider TradingInvestment CommentaryLetters to the EditorMetal PricesOdds’n’SodsPeopleProfessional Directory…
New zone found at Mount Pleasant
A 5-hole exploration program has enabled Adex Mining (TSE) to confirm continuity of ore-grade mineralization between two known zones on the Mount Pleasant property in southern New Brunswick.The drilli…
Spot prices at a glance (June 12, 1995)
Wednesday, June 7Week’sPrice (US)ChangeGold*$384.65+$0.40Silver*$5.34+$0.04Platinum*$432.15-$1.95Nickel**$3.51+$0.10Lead**$0.27-$0.01Copper $1.30+$0.01Zinca$0.45-$0.01…
Collahuasi mine expansion has Falconbridge excited
Definition drilling at the Collahuasi copper project in northern Chile has enabled Falconbridge (TSE) and equal partner Minorco to boost geological resources.The figure now stands at a staggering 3.1 …