Holmer acquiring Chevron interest
Holmer Gold Mines has agreed to acquire Chevron Minerals’ interest in the Bristol Twp. gold property near Timmins, Ont., for 400,000 shares of Holmer. The agreement is subject to regulatory approval. …
News
Hecla revises CoCa merger
A merger agreement between Hecla Mining (NYSE) and CoCa Mines (NASDAQ) has been amended in order to establish the number of Hecla common shares to be issued in Hecla’s acquisition of CoCa. The number …
Montreal Exchange VSM is active
Active trading marked the week ended April 9, with daily volumes ranging between 4.5 million and 7.6 million shares. The market portfolio was off by almost 9 points on the week, with the mining and mi…
EDITORIAL Reactivating exploration in Quebec
When Quebec’s new budget is tabled this spring, there could be some good news for the province’s junior mining companies. Recent meetings between the Quebec Prospectors Association and provincial civi…
Noranda moves into South America
Noranda Minerals has redirected its exploration activities — and backed it up with millions of dollars — by establishing offices in Chile and Mexico. “We felt we needed a stronger commitment geograp…
OBITUARY Jack Davis
Jack Davis died at his West Vancouver home recently. He was 74. Davis had been British Columbia’s Minister of Energy, Mines and Petroleum Resources since 1986. Davis was born in Kamloops, B.C., and gr…
U.S. REPORT Kettle River boosts Crown’s 1990 earnings
With its first gold mine in production for just under a year, Crown Resources (VSE) managed to report earnings of US$953,000 for the year ended Dec. 31. Echo Bay Mines (TSE), operator and 70% owner of…
Alberta Stock Exchange Bitech on rise
As the price of gold bullion moved up to US$363 per oz. in the week ended April 9, shares of Bitech also rose to a high of 10 cents after the company said it has found a private backer to finance addi…
U.S. REPORT Galatic, Cornucopia agree on new share exchange ration
Following lengthy negotiations, Galactic Resources (TSE) and Cornucopia Resources (TSE) have agreed to a new share ratio for a merger proposal made last year. The new ratio will give Cornucopia shareh…
U.S. REPORT Coeur d’Alene looks far afield
During the past decade, Coeur d’Alene Mines (NYSE) has taken on a number of new projects that have enabled the company to grow as a gold producer. The company has been and still is one of the largest …
Where would you rather have your gold mine?
Where would you rather have your gold mine? The U.S. or Canada? Exploration potential, cost of exploration and development, and generally shareholder reward continue to favor the U.S. over Canada. A c…
Vancouver Stock Exchange Goldbelt plans exploration work
The VSE resource and composite indices remained little changed over the week ended April 9. The resource index posted a 4-point drop to 570.34 while the composite index remained virtually unchanged at…