Study boosts resource at Petaquilla property
The size of the Petaquilla copper-gold resource in Panama has almost doubled.An interim scoping study by Fluor Daniel Wright estimates the diluted measured and indicated resource at 1.1 billion tonnes…
1995
Northair shifts focus to Mexico
International Northair Mines (VSE) is focusing its exploration efforts on two properties in Mexico.Among its assets in the country is an option to acquire the 6,000-hectare Lachatao project in Oaxaca …
Weather hampers ANAK-1 drilling
Harsh weather has forced Tapestry Ventures (VSE) and Portman Explorations (VSE) to suspend drilling operations at their jointly held ANAK-1 property in the Voisey Bay area of Labrador.The companies re…
News Roundup — High River talks with Russians
A Russian gold mining company and High River Gold (TSE) are putting the final touches on an agreement that will see High River acquire a significant interest in the Russian company.The company being a…
Jonpol buys into Mexican company
Canadian junior Jonpol Explorations (TSE) will gain a 49% interest in Mexican-based Minera Y Metalurgica de Pozuelos.To do so, it will spend US$150,000 on exploration.Together, the companies will atte…
News Roundup — Yamana drills property
Reverse-circulation drilling is under way on Yamana Resources’ (TSE) Microonda property in Argentina’s Santa Cruz province.Seventy-five drill targets have been established in a 4-sq.-km area, and a dr…
Companies (December 11, 1995)
INDEXAbcourtAdrianAgnico-EagleAmerican BllnAmerican Res.Anglo AmericanArequipaArgentina GldAsarcoAshanti GldfldsAtebaAtnaAvalonBarrick GoldBHP MineralsBreakwaterCabot CreekCaldera…
Magma, BHP to form copper giant
Two New York-listed companies — BHP Minerals and Magma Copper — will join forces to become the second-largest copper producer in the world.The new entity will account for 10% of all production, seco…
METAL PRICES — FREE MARKET (December 11, 1995)
London Metal ExchangeSpot closing prices in $US per tonneDateDec. 5 Dec. 4Dec. 1 Nov. 30 Nov. 29Copper2950-2955 2980-29812957-2962 2913-29182987-2992Lead752.5-754.5 752.5-754.5756.5-758.574…
Dismal third quarter for Hecla
Gold and silver producer Hecla Mining (NYSE) received a blow when it was revealed that the lack of grade continuity at its Grouse Creek gold mine in central Idaho would lead to a significantly shorter…
STOCK MARKETS — Stronger resource index bodes well for western markets
Western markets perked up over the report period ended Dec. 5, with the Vancouver Stock Exchange resource index closing up almost 20 points at 1,270.62. The composite index also gained ground, notchin…
TSE Short Positions (December 11, 1995)
Short positions outstanding at November 15, 1995Larger individual positions included: Barrick Gold 2,731,254; Agnico-Eagle 119,293; Bema Gold 1,437,700; BGR Precious Metals 152,350; Caledonia M’g 291,…