Hecla buys kaolin mine in S. Carolina
Silver-producer Hecla Mining (NYSE) has bought a kaolin mine and processing facility from J.M. Huber, a private company.Situated in Langley, S.C., 15 miles from the company’s Aiken operation, the faci…
News
Echo Bay seeks junior partners for foreign exploration
By swimming with the “fast fish” of the junior mining sector, Echo Bay Mines (TSE) hopes to buoy up reserves, replacing some of its declining North American mine production with new mines in Asia, Afr…
Inco partnership secures future of Diamond Fields
Officials of Diamond Fields Resources (TSE) say the recently formed partnership with Inco (TSE), aimed at advancing the Voisey Bay nickel-copper-cobalt deposit near Nain, Labrador, is a “win-win” situ…
Geomaque’s San Francisco prepares for production
Construction of the San Francisco mine here in Sonora state is moving ahead as Geomaque Explorations (TSE) works toward its goal of pouring gold by August of this year.Output for 1995 is projected at …
Asarco triumphs in ’95 first quarter
U.S. mining giant Asarco (NYSE) earned US$65.7 million, or US$1.56 per share, in the first quarter — a substantial jump from the US$26.6 million, or 64 cents per share, earned in the same period last…
Companies (June 19, 1995)
INDEXAdrianArchangel DiamAsarcoAshton MngBaja GoldBattle MtnBDG PacificCanarcCanyonCluffComaplexComincoCominco IntlCons MadsnCrystallex CumberlandDiamond FldsEast AfricaEcho BayEtruscan F…
Wheaton drills Grizzly and Ursa
A $5-million drill program is under way on Wheaton River Mineral’s (TSE) Golden Bear property in northwestern British Columbia.Underground diamond drilling is attempting to delineate the Grizzly depos…
St. Andrew announces restructuring
Creditors and shareholders of St. Andrew Goldfields (TSE) have approved a restructuring which enables the company to issue shares as payment of unsecured liabilities.The company is now seeking final a…
Komis gold deposit reinterpreted
At the Komis gold property in Saskachewan’s La Ronge belt, Waddy Lake Resources (TSE) has defined areas along strike and down-plunge that could contain additional minable reserves.Underground test min…
BDG loses its legal battle against Teck
A lawsuit launched by BDG Pacific Resources (VSE) against Teck (TSE) has been decided in favor of the latter.The junior, previously known as Bridger Resources, alleged that Teck had breached a contrac…
PRODUCER PRICES (June 19, 1995)
ALUMINUM: MW U.S. market US84.5-85.5 cents per lb. (June 9, 1995).ANTIMONY: MW New York dealer US$2.20-2.30 per lb. (March 31, 1995).BISMUTH: MW New York dealer US$3.55-3.65 per lb. (May 12, 1995).CAD…
STOCK MARKETS — TSE neutral as economy shows signs of a slowdown
Fears that the Canadian economy may be headed back into a recession kept eastern markets in check this week as the TSE 300 composite managed only a slight gain. Over the 5-day report period ended June…