Yandal time-bomb keeps ticking
To the consternation of its hedging counterparties and noteholders, Newmont Mining (NEM-N) is making a bold move to clean up a financial mess at its wholly owned Newmont-Yandal gold-mining subsidiary …
Great Central Mines Limited
Franco trades mine for 20% of Normandy
A market that was plainly awaiting a merger announcement may have been nonplussed, but Franco-Nevada Mining (FN-T) has agreed to exchange the Ken Snyder mine, the Midas property and Australian assets …
Companies (January 25, 1999)
Aber ResourcesAddwest Minerals InternationalAG Armeno Mines & MineralsAlberta EnergyAmblin ResourcesAmeridexAntares Mining & ExplorationArgentina GoldArmada GoldAshton MiningAurizon MinesBarrick GoldB…
Normandy attempts takeover of Great Central
DenverNormandy Mining (NDY-T) and a private Australian company, Edensor Nominees Proprietary, have offered to acquire all the remaining shares of Great Central Mines (GTCMY-Q) they do not already own….
Astro signs agreement with Caldera
Australian-based Caldera Resources (CDR-M) has dealt an option to earn a 60% interest in its Abminga diamond project, on the northern border of South Australia, to Australian diamond explorer Astro Mi…
Great Central takes control of Eagle
Great Central Mines (GTCMY-Q) continues to shore up its land hondings in the Yandal mineral belt of Western Australia.The New York City-based company has acquired control of a Western Australia gold p…
Great Central considers options Down Under
An attempt by Great Central Mines (GTCMY-Q) to shore up holdings in the Yandal and Wiluna mineral belts of Western Australia is faltering as the closing date for the proposed transaction approaches.In…
STOCK MARKETS — Metal mines awaken to enlivened Toronto markets — Even the gold sub-group recovers modestly in upbeat market
The Toronto Stock Exchange finished with another record high close on July 29, finishing the trading period at 6,801.17 — a gain of 86.92 points — over the trading period July 23-29.The Canadian dol…
Great Central goes strong in Australia
As a result of higher quarterly production, Great Central Mines (NASDAQ) is on target to produce more than 500,000 oz. gold this year from its Australian operation.Gold production for the quarter was …