Companies make deals near Lebel-sur-Quevillon
Several companies continue to make deals involving ground in the Lebel-sur-Quevillon camp of northwestern Quebec. Wiscan Resources (TSE) and Sharpe Energy & Resources (VSE) have jointly acquired 56 cl…
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PRODUCER PRICES (January 30, 1995)
ALUMINUM: MW U.S. market US97.5 cents-98.5 per lb. (Jan. 13, 1995). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Dec. 2, 1994). BISMUTH: MW New York dealer US$3.90-4.10 per lb. (Dec. 23, 1994). …
Bre-X forges ahead at Indonesian play
Results from recent drilling have prompted Bre-X Minerals (ASE) to persevere at its Busang gold project in East Kalimantan. A third phase of drilling, already under way, is aimed at delineating 5 mill…
Abitibi options Marshall Lake
A recent agreement enables Consolidated Abitibi Resources (ME) to acquire the Marshall Lake polymetallic property from Challenger Minerals (VSE). Situated 160 miles northeast of Thunder Bay, Ont., the…
Vengold acquiring Lihir interest
Vancouver-based Vengold (TSE) is acquiring an indirect 10% interest in the large Lihir gold project in Papua New Guinea (PNG). The junior has signed an agreement with project manager RTZ (NYSE) to acq…
Cominco Res. re-opens U.S. nickel smelter
An improvement in nickel prices has prompted Cominco Resources International (TSE) to re-open its half-owned Glenbrook nickel smelter in Oregon. A subsidiary of Cominco (TSE) owns the other 50% intere…
EDITORIAL PAGE — A voice from the wilderness
Ontario is fortunate to have a vibrant prospecting community, one that has contributed significantly to many important discoveries in the province. And that is why political leaders should pull up a c…
STOCK MARKETS — TSE market sell-off continues to smart
A host of negative factors — continued downward pressure on the Canadian dollar, threats of inflation, higher interest rates and weaker markets in New York and Tokyo — took its toll on the Toronto S…
Silver Standard to drill El Gato
By early February, a 1,400-metre drilling program will begin on El Gato, a silver property in central Mexico. Silver Standard Resources (VSE) reports that preliminary exploration outlined a large silv…
COMMENTARY — Stimulate mine exploration
An unfortunate reality of today’s mining business is that more and more mining companies are investing their exploration dollars outside Canada, says Gregory Waller, financial analysis manager for Com…
Caledonia boosts stake in Spanish gold mine
Toronto-listed Caledonia Mining has bought an additional 15.2% interest in the Filon Sur gold mine in Spain for US$1.3 million. This raises to 98.4% the company’s ownership in the project. Since 1988,…
Mine yard scrap proves valuable
At the South mine of Inco near Sudbury, Ont., what began as scrap in the muck has evolved into big bucks in the backyard. Armed with only a suspicion and the co-operation of their fellow miners, suppl…