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…
News
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…
Cominco Resources hits high-grade gold in Turkey
High-grade gold mineralization over significant thicknesses was encountered by Cominco Resources International (TSE) during a recent shallow drill program on two 100% owned properties in Turkey. The c…
U.S.Report Higher earnings for CoCa Mines
First-quarter earnings of US$798,700 (6 cents per share) on revenue of US$7.3 million were reported by CoCa Mines (TSE), compared with US$94,900 (1 cents per share) on revenue of US$4.1 million for th…
Giant Yellowknife records loss in first quarter (May 14, 1990)
A loss of $610,000 (7 cents per share) was reported by Giant Yellowknife Mines (TSE) for the first quarter, compared with a loss of $183,000 (2 cents per share) for the same 3-month period in 1989. Re…
Radisson financing
Regulatory approval for a private placement worth $2.1 million has been received, Radisson Mining Resources (ME) reports. The placement involves 3,387,090 shares at a price of 62 cents per share and w…