Pioneer finalizing Pegasus settlement
The agreement reached late last year to settle all legal disputes between Pioneer Metals (TSE) and Pegasus Gold Mines (TSE) is near completion. The agreement was conditional upon the verification of c…
Articles by Northern Miner Staff
Placer drops option on Sask. gold bets
Vancouver-based Placer Dome (TSE) has dropped an option to earn in on two gold properties near Claude Resources’ (TSE) Seabee property in Saskatchewan. Placer Dome will not be continuing an option on …
Good results at David/Lew
Drilling on the David/Lew project near Cranbrook, B.C., continues to return good gold values with the best hole, 90-43, intersecting 36 ft. grading 0.37 oz. gold per ton. The project is a 50-50 joint …
Editorial Helping the USSR
The Soviet Union is going to need a lot of help from the West if it plans to continue the reform of its economy. There are, for example, a number of Canadian mining and consulting companies eager to l…
News In Brief Deltec Resources
Deltec Resources Ltd. (DEC:VSE) has changed its name to Pacific Titan Resource Corp. (PFR:VSE) with a consolidation of capital on a 1-new-for-2-old-share basis. The transfer agent is Pacific Corp. Tru…
Falconbridge options California gold mine
A wholly owned subsidiary of Falconbridge Gold (TSE) recently paid American Gold Resources US$625,000 for an option to purchase a 50% interest in the Royal Mountain King mine in Calaveras Cty., Calif….
Writeoffs hurt Echo Bay despite record production
Despite record gold production from its four major mines, Echo Bay Mines (TSE) lost almost US$60 million in 1990 as writeoffs on gold mining investments took their toll on operating earnings. Compared…
Cominco Resources Int’l. follows joint venture strategy
In order to reduce cash outlays for exploration, Cominco Resources International (TSE) has formed or is negotiating joint ventures for many of its exploration projects. In most cases the company will …
Hecla, CoCa approve merger plans
The boards of Hecla Mining (NYSE) and CoCa Mines (NASDAQ) unanimously approved a definitive merger agreement that will result in CoCa becoming a wholly owned subsidiary of Hecla. The companies hope to…
IOCC GOLD OPTIONS (February 25, 1991)
Options Open Series Volume Last Interest May 370 C 26 11.00 10 May 380 C 290 6.00 48 May 400 C 123 3.10 95 May 410 C 58 2.30 67 May 440 C 50 1.00 73 May 450 C 18 0.80 50 Aug. 380 C 25 14.00 76 Aug. 44…
Trimin share offer expires
An offer by Trimin Resources (VSE) to purchase up to 2.2 million of its common shares at a cash price of $2 per share expired with only 556,657 shares tendered. After taking up these common shares, Tr…
Madeleine faces environmental charges
Toronto-based Madeleine Mines (TSE) and company President J. Patrick Sheridan were recently charged with six counts of violating Ontario’s environment laws. The charges were laid February 14 following…