Metallica options Frida concession
An option agreement has been signed, affecting the Frida gold concession in southeastern Venezuela. Over a 30-month period, Metallica Resources (CDN) can buy all the shares of vendor Minera Sabine for…
News
NEWS ROUNDUP — Madsen suing ministry
In an unusual reversal of roles, a mining company has announced its intention to sue the government of Ontario. Madsen Gold (TSE) has served the required 60-day notice of its intention to take legal a…
U.S. MINING REPORT — Exploration revival on Battle-Eureka
The southern portion of the Battle Mountain-Eureka Trend in eastern Nevada has heated up since Homestake Mining (NYSE) announced an impressive gold discovery there late last year. Since the discovery …
LAST BUT NOT LEAST — Inter-Rock options South Carolina land
Junior Inter-Rock Gold (ME) is optioning seven properties near Jefferson, S.C. The 1,118-acre ground is immediately north of the past-producing Brewer gold mine. Recent exploration on one of the prope…
Mexico’s Acapulco to host 3-nation Expo-Festival
A 3-nation trade show and seminar will take place March 20-27 in Acapulco, Mexico. The International Free Trade Expo-Festival will focus on new opportunities for businesses in Mexico following the imp…
Active trading year for CDN
The Canadian Dealing Network (CDN) more than doubled its trading volume in 1993. The over-the-counter exchange traded more than a billion shares, up from 404.5 million in 1992. Also on the rise was th…
Metal Prices (February 14, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 8 Feb. 7 Feb. 4 Feb. 3 Feb. 2 Copper 1871-1872 1871-1872 1867-1868 1894-1896 1911-1912 Lead 498-499 506-507 510-511 507-508 506-507…
U.S. MINING REPORT — Barrick plans for continued growth
The 1980s saw American Barrick Resources (TSE) grow from a single, small-producing mine to one of North America’s premier gold companies, with five operations. This growth should continue, as the comp…
U.S. MINING REPORT — IGR to option Burkina Faso bet
CDN-listed International Gold Resources can acquire 770 sq. km in Burkina Faso, West Africa. It can do so, subject to the government’s right to acquire a 10% interest, by making unspecified payments a…
Newmont Gold
Gold producer Newmont Gold (NYSE) sold 1.7 million oz. in 1993, up from 1.6 million oz. the previous year. The Denver, Colo.-based company received an average price of U$361 per oz. last year, compare…
Mini-rush to the Klondike — Kennecott commits to
The Klondike gold rush days may be long gone, but it would seem Kennecott Canada is of a different opinion. The company will spend more than $500,000 this year exploring properties in the Klondike cam…
Talapoosa royalty worries Pegasus
With a third phase of work completed on the Talapoosa gold project in Nevada, Pegasus Gold (TSE) is nervously awaiting confirmation of a proposal from the U.S. government that a royalty be applied to …