Opportunity expires for Barrick Gold
Senior producer Barrick Gold (TSE) has elected not to exercise its warrants to buy 1.1 million common shares of Canarc Resource (TSE) at $4.57 per share. As a result, Barrick’s right of first opportun…
1995
Pacific Comox trenching in Ghana
Trenching within a geochemical gold anomaly on the Adansi-Asaasi concession in Ghana is yielding higher gold values than those received by channel samples taken from old underground workings of the pa…
Crystallex pours gold
Almost 6,000 oz. gold was produced from last year’s bulk-sampling program at the Albino property in Venezuela’s Kilometre 88 region. Gold dore sold by Crystallex International (VSE) to the country’s c…
Mobrun reserves up as production starts on schedule
The year began auspiciously for Audrey Resources (ME). Not only did the Mobrun polymetallic mine enter production on schedule and under budget, minable reserves rose by 16%. Situated 30 km northeast o…
Royal Oak expects production rise
Gold production for Royal Oak Mines (TSE) reached 318,236 oz. in 1994, and is expected to rise to 425,000 oz. in 1995 at a projected cash cost of US$290 per oz. Throughput at the Colomac mine in the N…
Development plans for 543-S project
Joint-venture partners Great Lakes Minerals (TSE) and Brookline Minerals (VSE) will begin developing the 543-S copper project in Michigan’s Keweenaw Peninsula. Brookline will fund the $5.5-million, 3-…
Battle Mountain boosts earnings
New York-listed Battle Mountain Gold earned US$2 million in the fourth quarter of 1994, compared with a loss of US$400,000 for the same period in the previous year. This raises net income for the year…
Menora acquiring Czech royalty
Toronto-based Menora Resources (ME) plans to acquire a mill royalty and an option interest in a package of five gold properties in the Czech Republic. The junior will pay US$200,000 to the Harrison Gr…
Dakota to receive gilt-edged loan
Denver-based Dakota Mining intends to borrow US$5 million from Repadre Capital (TSE) to develop an oxide deposit at the Gilt Edge gold mine site in South Dakota. The agreement consists of a US$4-milli…
Tiomin feasibility study continues
A feasibility study is in progress at the 18,000-hectare Natashquan heavy mineral sands deposit along Quebec’s northern shore. Project operator Tiomin Resources (ME) expects a 20-year mine plan to be …
Major General makes Nfld. plans
Having received final drill results from its properties near Springdale, Nfld., Major General Resources (VSE) intends to continue exploring its 564 claims in the area. The claims cover a 15-km strike …
INSIDER TRADING — San Fernando officers make share
Two senior officers of San Fernando Mining (VSE) completed share transactions in December. According to the Ontario Securities Commission’s OSC Bulletin, senior officer David Duval bought 1,000 shares…