Drilling ups reserves at Hislop-Beatty
Results from the first five holes of a 37-hole program have increased reserves at the Hislop-Beatty project in northeastern Ontario. Operator Hemlo Gold Mines (TSE) reports that the best intersection …
1994
AMERICAS — Latin America to Canyon’s liking
The search for minerals in South and Central America is by no means restricted to Canadian companies. Colorado-based Canyon Resources (NASDAQ) has exploration offices and staff in Argentina, Venezuela…
Shareholders of Royal Oak back revised takeover offer
Shareholders of Royal Oak Mines (TSE) voted 95.7% in favor of the company’s revised takeover offer for Lac Minerals (TSE) at a special meeting here. Royal Oak is now offering, for each Lac share, the …
Steen takes charge at Lac — Royal Oak sweetens Lac offer
The latest round of what has been referred to as an “auction” of Lac Minerals (TSE) saw initial bidder Royal Oak Mines (TSE) increase its offer to $2.4 billion. And million-ounce gold producer Lac too…
Echo Bay, Canyon back out of Seven-up Pete venture
Having spent US$2.3 million on a due diligence investigation, Echo Bay Mines (TSE) has decided not to participate with Canyon Resources (NASDAQ) on a proposed joint purchase of an interest in the McDo…
Commodity index eases slightly
The commodity price index of Scotiabank dipped slightly in June from the previous month. A pickup in the metal and mineral and oil and gas sub-indexes was offset by a decline in the forest product ind…
Two Yukon mining groups back Bonnet Plume work
Two territorial mining organizations hope to intervene in a court challenge to existing federal mining regulations. The Canadian Parks and Wilderness Society (CPAWS) is challenging the legality of the…
Black Swan at odds with Goldbelt
A new dispute is brewing between Black Swan Gold Mines (TSE) and Goldbelt Resources (VSE). The companies are at odds over a settlement agreement made in January, 1992, regarding the Leninogorsk gold t…
Noranda boosts earnings
Improved second-quarter and first-half results are attributed by Noranda (TSE) to stronger prices and improved sales volumes for many of the company’s principal products and to more favorable currency…
EDITORIAL PAGE — The school of hard knocks
A sobering dose of reality hit the Canadian diamond play this past week as disappointing results were released by Kennecott Canada from the DO-27 (Tli Kwi Cho) kimberlite in the Lac de Gras region of …
AMERICAS — Chile and Mexico draw globetrotter Cominco Int’l.
Geologists working for Cominco Resources International (TSE) are ensuring that their company lives up to its name. This year’s activities include searching for porphyry copper deposits in Chile’s Atac…
Vengold decides against acquisition of St. Philips
The proposed acquisition of all the shares of St. Philips Resources (VSE) by Vengold (TSE) will not proceed. Vengold had offered to purchase all the issued shares of St. Philips in return for Vengold …