Claude posts profit from gold and oil
In 1993, Claude Resources (TSE) earned $4.5 million, or 45 cents a share, on revenues of $29.8 million. The company operates the Seabee gold mine north of La Ronge, Sask., which produced 57,000 oz. go…
News
Software designed to aid pit design (May 02, 1994)
Australia-based Whittle Programming has developed two software packages to determine the most economical shape for an open pit. The two packages. Three-D and Four-D, are also designed to help indicate…
NEWS IN BRIEF (May 02, 1994)
Ruby Mountain Mines (RUB:VSE) has changed its name to Syrus Capital on a 1-new-for-3-old-share basis.
COMMENTARY — Lake Superior iron ore marks 150th
A year-long celebration has begun, marking the 150th anniversary of the discovery of iron ore in the Lake Superior region. Transportation, construction, industry, communications, national defence and …
World Wide drilling Nevada gold property
A 15,000-ft. rotary drill program has begun on World Wide Minerals’ (TSE) Easter gold project, 110 miles northeast of Las Vegas, Nevada. The property, which adjoins a major past producer, contains a p…
Brunswick turns quarterly profit
Favorable exchange rates, improved lead prices and positive adjustments to year-end inventories more than offset weaker prices for zinc and copper, enabling Brunswick Mining and Smelting (TSE) to earn…
Uranium Res. signs $US22m contract
Dallas-based Uranium Resources (TSE) and its wholly owned subsidiary, URI, have signed a long-term contract to supply 1.3 million lb. of uranium oxide to a major U.S. electric utility. The contract, w…
NEWS ROUNDUP — Manson buys Venezuelan ground
Calgary, Alta.-based Manson Creek Resources (TSE) will buy the Oroturba gold concession in Bolivar state, Venezuela. The 500-hectare property includes both alluvial and lode rights and has never been …
NovaGold negotiates for 3 concessions
Negotiations allowing NovaGold Resources (TSE) to acquire three Venezuelan mineral concessions are entering the final stages. The concessions — Halifax 1, 2 and 3 — comprise 8,894 acres in the Kilom…
Golden Kristy forms venture in Vietnam
An extended agreement has been reached between Golden Kristy Resources (VSE) and a company owned by the Vietnam Defence Ministry. The two have agreed to form a new company to explore regions in Vietna…
Pangea options more ground near Musselwhite
CDN-listed Pangea Goldfields has acquired rights to a second property contiguous with Placer Dome’s (TSE) Musselwhite gold property in northwestern Ontario. In addition to the 55 claims north of Musse…
Lenora concludes private placement
Junior Greater Lenora Resources (TSE) has completed a private placement of 2.9 million special warrants valued at $2.55 each for gross proceeds of more than $6.5 million. Each special warrant allows t…