Cal Graphite split
Cal Graphite (VSE), operator of a graphite mine in the startup phase north of Huntsville, Ont., is proposing a 3-for-2 share split. Shareholders will vote on the proposed split June 12 in Vancouver. T…
News
Redstone acquiring royalty
Redstone Resources (TSE), an affiliate of royalty specialist Franco- Nevada Mining (TSE), recently agreed to acquire a 2% gross royalty interest in the Midwest uranium deposit in Saskatchewan for $3 m…
PRODUCER PRICES (May 14, 1990)
ALUMINUM: MW U.S. Market US71.25- 72.75 cents per lb. (May 3, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.20-4.30 per lb. (May 3, 1990). CADMI…
Pegasus, Pioneer face off in legal battle
Court dates have been set for several ongoing disputes involving Pioneer Metals (TSE) and Pegasus Gold (TSE). The two companies’ falling-out can be traced back to November, 1988, when Pegasus loaned P…
COATS(over-the-counter) Southern shares fall
Gordon Leliever, president of Southern Arizona Mining and Smelting says that the company will not proceed with previously announced share purchases of Catear Resources and Wydmar Development, two comp…
Canhorn moving into industrial minerals
With working capital of $1.6 million, Toronto-based Canhorn Mining (TSE) is getting out of gold and base metal exploration to concentrate its efforts on industrial minerals such as silica and dolomite…
Redpath wins safety awards
Two awards were recently given to Les Entreprises Minieres Redpath Limitee for safety performance. The Secoroc Trophy is for the lowest accident frequency (1.2) among mining contractors operating in Q…
Val d’Or negotiating deal with Abcourt
An option to acquire a 100% interest in the Vendome zinc deposit in Barraute and Fiedmont twps. near Val d’Or, Que., will be exercised, Ressources Val d’Or (ME) says. The junior is finalizing a series…
U.S.Report Gold operations enhance Newmont Mining earnings
Newmont Mining’s (NYSE) interests in U.S. and Australian gold operations were the main factors behind an increase in the Colorado company’s first-quarter earnings. First-quarter net income was US$57.4…
Belmoral selling Roddy stake to unnamed west coast group
An attempt by Belmoral Mines (TSE) to restructure an $8-million debt load took a new turn recently when it agreed to sell its interest in Roddy Resources (TSE) to a Vancouver-based group of companies….
Northern Dynasty involved with Placer
Following the acquisition of the WX Syndicate, Placer Dome U.S., a unit of Placer Dome (TSE), is an equal partner with Northern Dynasty Explorations (TSE) in the Little Bald Mountain mine. The mine, a…
Successful MDA programface uncertain future
Just as the exploration industry is adjusting to the sudden elimination of the Canadian Exploration Incentives Program (CEIP) earlier this year, another government program designed to stimulate explor…