Omai expansion planned
Drilling conducted at the Omai gold mine in Guyana has led to a 40% increase in proven and probable reserves, compared with the estimates contained in the original (December, 1990) feasibility study. …
News
Sharpe, Freewest drill Wisconsin play
Partners Sharpe Energy & Resources (VSE) and Freewest Resources Canada (TSE) have drilled their first drill hole in the so-called Wisconsin massive sulphide program. The Sharpe-Freewest program is foc…
Caledonia acquires two South African producers
Toronto-listed Caledonia Mining has completed transactions to acquire two companies with operating gold mines in South Africa for a total of $49.1 million. Caledonia can acquire a 100% interest in Bar…
ODDS’N’SODS — A tale of two companies
There is no single way to build a successful mining company, as two giants on the Canadian scene affirm. In 1923, prospector Ed Horne undertook to work his way east from Kirkland Lake, Ont., and disco…
Kavanagh to address CIM dinner
Exploration and mining developments around the world will be the topic of an address Jan. 19 at the Students’ Night dinner of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Pet…
METAL PRICES — FREE MARKET (December 26, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Dec. 20 Dec. 19 Dec. 16 Dec. 15 Dec. 14 Copper 2974-2975 3002-3007 3054-3055 3038-3040 2957-2960 Lead 632.5-633.5 626-628 639-640 634.5-…
Garnet’s the target for Cominco Resources
Garnet mining is expected to begin next summer at the Alder property, 60 miles southeast of Butte, Mont. Owner Cominco Resources International (TSE) estimates reserves are sufficient for 30 years. A c…
Kennecott buys mine interest
An affiliate of Kennecott has bought an interest in Colowyo Coal, a surface mine south of Craig, Colo., which produces about 4 million tonnes annually of low-sulphur, high-Btu coal. Kennecott’s deal, …
GOLD FUNDS (December 26, 1994)
BGR Central Net Value $16.95 $6.48 Price $13.63 $6.75 Discount 19.60% Premium 4.2% Value $134,860,000 $117,210,038…
NEWS ROUNDUP — New Canamin studies Huckleberry
A milling study is under way at the Huckleberry porphyry copper property near Houston, B.C. Owner New Canamin Resources (VSE) is investigating the potential economic effects of milling 25,000 tonnes p…
Electra takes over Aurora mine
VSE-listed Electra Mining Consolidated has assumed total ownership of the Aurora Partnership heap-leach gold mine near Hawthorne, Nev. It did so by acquiring a half interest through the purchase of al…
INSIDER TRADING — Inter-Rock directors buy and sell shares
Three directors of Inter-Rock Gold (TSE) bought and sold shares in October and November. According to the Ontario Securities Commission’s OSC Bulletin, senior officer and director David Crombie bought…