BMR to acquire control of Bullion gold project
Vancouver-based BMR Gold (TSE) has an option to buy all the shares of Bullion Mines, a private company in Delaware. Bullion holds certain mineral and operating rights to the Bullion gold project in th…
1994
Rio Narcea uncovers new zone
Toronto-listed junior Rio Narcea has found a new zone of gold mineralization at its property in northern Spain. The new zone, known as the Boinas West, lies between the Boinas and El Valle deposits an…
Ore being hauled at Mt. Hamilton
A fleet of trucks is busy hauling ore at the Mt. Hamilton gold mine near Ely, Nev., only three months after Rea Gold (TSE) started construction. Rea secured an option on the property in December, 1993…
Transgold seeks reactivation
CDN-listed Transgold Explorations and Investments (CDN) has asked the Ontario Securities Commission to remove the cease-trading order imposed on it in 1992 for failing to file financial statements. If…
EDITORIAL PAGE — Grading the securities industry
The Canadian securities industry has come under considerable scrutiny in recent years, and each review usually leads to a fresh batch of proposals to reform the regulatory system so that investors can…
Bitterroot to produce garnet
In a bid to become a dominant low-cost producer of alluvial almandine garnet products, Bitterroot Resources (VSE) will buy a 700-ton-per-day modular heavy mineral recovery plant in Arizona. The 4-year…
PRODUCER PRICES (October 10, 1994)
ALUMINUM: MW U.S. market US78.5-79.5 cents per lb. (Sept. 22, 1994). ANTIMONY: MW New York dealer US$2.80-2.90 per lb. (Sept. 30, 1994). BISMUTH: MW New York dealer US$3.90-4.30 per lb. (Sept. 30, 199…
COMMENTARY — Silver multilayer systems catch on
U.S. fabrication demand for silver in electronic-electrical applications jumped to more than 18.8 million oz. in 1993 from 18.3 million oz. in 1992. A significant cause of that 500,000-oz. increase is…
U.S. Congress fails to reform 1872 Mining Law
Intense lobbying from mining companies and the impending end of the congressional session in the U.S. have sunk efforts to rewrite that country’s 122-year-old Mining Law. In late September, frustrated…
10 (October 10, 1994)
Consistent with its objective of becoming a pure silver company, Pan American Minerals (TSE) is acquiring two undeveloped silver properties in the U.S. from Asarco (NYSE). The principal property is th…
LETTER TO THE EDITOR — Silver price headed much higher
A new study about silver (T.N.M., Sept. 26/94) by the British firm Metals & Minerals Research Services (MMRS) paints a bleak outlook for the rest of the decade. According to the study, silver prices a…
Mutual busy in Ghana
Three deals concerning gold concessions in Ghana have been struck among Mutual Resources (VSE), EQ Resources (CDN) and Opawica Explorations (TSE). Mutual can acquire EQ’s interest in Ghana-based SETO …