Falco to close Lockerby mine
With the price of nickel in the doldrums, Falconbridge has announced its intention to shut down indefinitely the Lockerby mine in Sudbury, Ont. As of June 1, the high-grade producer will be closed as …
News
ODDS’N’SODS — An outstanding exploration team
They had been commissioned by the syndicate formed by Karl Springer and “Doc” Kidd to prospect and explore for gold and silver in the Coast Range Mountains, north of Stewart, B.C., in the summer of 19…
NEWS ROUNDUP — Battle Mountain options Gold Creek
A New York-listed major familiar with skarn deposits will test such a prospect in western Montana. Battle Mountain Gold (NYSE) has signed an agreement with Blue Ribbon Resources (VSE) to earn a 60% in…
NEWS ROUNDUP — Amax drilling Robertson play
Five rigs are set to begin drilling at the Robertson project in Nevada’s Crescent Valley. The program will involve drilling 140 holes, for a total of 50,000 ft. Amax Gold (NYSE) can earn a 60% interes…
NEWS ROUNDUP — MIM free to sell Granges stake
Producer Granges (TSE) has failed to find a buyer for the 12.7 million shares in the company owned by MIM Holdings. The shareholding represents 37% of the issued shares in Granges and the agreement wi…
IGR selling warrants
By issuing 3.8 million special warrants at $3.40 each, International Gold Reserve (CDN) hopes to raise more than $12.8 million. Each special warrant is exercisable into one unit consisting of a common…
TVI options Atlas gold-copper project
Calgary-based TVI Copper (ASE) and Manila-based Atlas Mining & Development have tentatively agreed to explore and develop a gold-copper prospect in the Philippines. TVI will earn a half interest in th…
Golden Regent options Slovak gold properties
Junior Golden Regent Resources (ASE) can earn a 66.7% interest in several gold properties in the Slovak Republic. It will acquire the interest from joint-venture partner Eco Trends Consulting of Brati…
International Gold Fund formed
A new venture capital fund has been formed for the purpose of acquiring direct equity and equity-related investments in gold mining companies or foreign gold projects. Investments of the latter type w…
Florida conference to focus on Latin American activity
The third annual “Investing in Americas” conference is scheduled for April 11-15 at Bal Harbour, Fla. The conference, which highlights the mining investment potential of various Latin American countri…
COMMENTARY — Namibia attracting Canadians
As more and more Canadian mining companies move offshore, one country sure to gain prominence in the next few years is Namibia. Hidden in the shadow of South Africa for 75 years, Namibia is now being …
EDITORIAL PAGE — Qualifications please
“It’s no secret that the mining industry hasn’t been very forceful in pointing out its contribution to our economic well-being.” So says federal Natural Resources Minister Anne McLellan. There is some…