After acquiring the Copper Rand and Portage gold-copper mines near Chibougamau, Que., in late February, MSV Resources (ME) returned the properties to production. MSV bought the mines and a 3,000-ton-p…
It was a tough year for Curragh (TSE), which had to cease production in early April at its Faro lead-zinc mining operation in the Yukon. Deteriorating metals markets played havoc with Curraghs balance…
Three officers of American Barrick Resources (TSE) sold shares in November and December. According to the Ontario Securities Commissions OSC Bulletin, senior officer G. C. Wilkins exercised 230,000 op…
Exploration has wound down at the Marudi Mountain gold project in southern Guyana. Sutton Resources (VSE) drilled 2,600 metres in nine diamond drill holes to test seven targets. Five holes tested five…
Toronto-based Burgess Point Resources (CDN) plans to acquire Venezuelan Mineral Development Corp. (Vencorp). The proposed takeover would see Burgess shares consolidated on a 1-for-7 basis. Shares of V…
The Dakoro joint venture is now producing gold from one of its six properties in Bolivia. Dakota Resources (ASE) owns a half interest in the venture through wholly owned subsidiary SGS Resources. Prod…
Lansco Resource (LNS:VSE) has changed its name to Bomax Resource (BXS:VSE) on a 1-new-for-10-old-share basis.
A private placement of 316,305 units at $25.50 each will net Sutton Resources (VSE) about $8.1 million. Each unit includes a share, plus a 2-year purchase warrant exercisable at $25.50 in the first ye…
Several mines were either placed in production or reopened in 1993 by Canadian companies, both at home and abroad. Gold was the metal of choice and Ontario and Quebec experienced the most activity. Th…
Citing the unlikelihood of finding a base metals deposit to meet its economic requirements, Rio Algom (TSE) has dropped its option on the Key Anacon Mines (TSE) property in the Bathurst camp of New Br…
Denver-based Newmont Mining and 90.1%-owned subsidiary Newmont Gold will combine their assets, gold reserves and operations. The plan calls for Newmont Mining to move all its operating assets, liabili…
If 1992 was the year diamond fever swept Canada, 1993 will be remembered for the solid exploration results that made even diehard skeptics concede that this country may soon have its first diamond min…
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