NEWS ROUNDUP — MIM selling Asarco shares
Australian firm MIM Holdings is selling 9.5 million shares of Asarco (NYSE) at US$28 per share in an international offering. Of that total, a U.S. syndicate is offering 6.6 million shares; the interna…
1994
NEWS ROUNDUP — Anvil completes $30m offering
The sale of a $30-million offering of flow-through shares and silver royalty certificates is complete, Anvil Range Mining (TSE) reports. The company plans to use the funds for stripping of its Grum de…
Inco opens new coating facility
Phase one of the $17.3-million nickel coating facility of Inco Europe in Wales was recently inaugurated by Canadian High Commissioner Royce Frith. The high-tech project, at the Inco nickel refinery at…
Old Weedon mine site undergoes reclamation
It cost almost $4 million to reclaim an old copper mine site at Weedon, Que., about 100 km east of Sherbrooke. The work at the old mine site, which was fully operational in the 1950s, was wrapped up i…
Battle Mountain poised to produce more gold
Houston-based Battle Mountain Gold (NYSE) is expected to increase its gold production in 1995 and in succeeding years. A preliminary business plan projects a 17% increase to 565,000 oz. in 1995 from 4…
Cusac confirms mineralized vein
At the Table Mountain gold property in northern British Columbia, preliminary work has begun on the western extension of a new structure identified as the Big Vein. The work coincides with advancement…
Asarco strives to meet objectives
To date, Asarco (NYSE) has spent nearly $1 billion in an effort to move the thrust of its operations away from custom smelting and refining, and more towards copper and lead production. The money was …
IMPACT active in Guyana
Vancouver-listed IMPACT Minerals can acquire the Growler gold property in central Guyana. The agreement is with a Guyanese partnership, Eagle Mountain Associates. IMPACT may earn its initial interest …
STOCK MARKETS — Jump in bank rate deals a blow to TSE
A surging bank rate helped take the wind out of the TSE’s sails over the 5-day report period ended Dec. 13. The composite 300 index dropped 35.03 points to close at 4,044.41 as higher interest rates m…
Black Hawk cuts more nickel at Redstone
Three holes drilled on Black Hawk Mining’s (TSE) Redstone nickel property south of Timmins, Ont., have intersected additional nickel mineralization. The holes were drilled to test the downdip extensio…
Spot prices at a glance (December 19, 1994)
Week’s Price (US) Change Gold* $378.35 – $1.45 Silver* $4.77 + $0.08 Platinum* $409.65 + $5.75 Nickel** $3.75 – $0.27 Lead** $0.28 $0.00 Copper $1.34 + $0.02 Zinc $0.49 – $0.01 Courtesy of Scotiabank….
Carson options Philippine project
The new year will see Carson Gold (VSE) begin drilling a newly optioned gold property in the Philippines. The Marian property, on Luzon Island, will be subjected to a 7,000-metre program. Carson can a…