Cambior buying 50% stake in Sleeping Giant mine
As part of a growth plan designed to boost its Quebec gold production, cash-rich Cambior Inc (TSE) is picking up a 50% stake in the troubled Sleeping Giant mine of Aurizon Mines (TSE). The mine, which…
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Rhodium price heads skyward
Investors waiting for a rise in the price of gold might want to turn their attention to an expensive member of the platinum group of metals. Rhodium, used mainly in the manufacture of catalytic conver…
Gratton to head Asbestos Institute
A former minister of revenue for the Liberal government in Quebec, Michel Gratton, has been appointed president of The Asbestos Institute, which has its headquarters in Montreal. Gratton, who served a…
U.S. investors back Sheridan despite Madeleine uncertainty
One of Madeleine Mines’ (TSE) biggest shareholders is satisfied the company’s Lac des Iles palladium project near Thunder Bay, Ont., is progressing into production even though it has not met early dea…
Corrections Melinga Resources
Melinga Resources (VSE) is based in Vancouver and in London, England. A previous story (T.N.M., July 2/90) had the company situated elsewhere.
MinVen acquires gold prospect
Blackdome Mining, a wholly owned subsidiary of MinVen Gold (TSE), recently entered into an agreement to acquire a group of four claims known as the Elizabeth property, 19 miles south of the Blackdome …
Corona revises plans for merger to bypass Pezim
Murray Pezim, chairman of Prime Resources (VSE), has forced Corona (TSE) to revise its plans for control of the Eskay Creek gold play. As a result of Pezim’s rejection of Corona’s bid for a larger sta…
Correction Geddes Resources
Contrary to what was reported (T.N.M., July 2/90), Geddes Resources (TSE) is proposing to construct a 104-km road to link its Windy Craggy project to the Haines Highway which then leads south to Haine…
Gold price forces shut down of Canamax’s Kremzar, Ketza
Unless gold prices improve dramatically in the near future, Canamax Resources (TSE) will wind down production temporarily at two of its three Canadian gold mines. A company spokesman said the Ketza Ri…
Asarco options Asquith property
A Canadian subsidiary of Asarco (NYSE) recently signed an option agreement to earn a 60% interest in 71 claims owned by Asquith Resources (COATS) in the Shining Tree area of northern Ontario. Asarco c…
NEWS IN BRIEF Dunfrazier Gold Expl.
Dunfrazier Gold Expl. (DFG: ASE) has extended the expiry date for its rights offering from May 17 to July 16.
More resignations at Cheni
Just months after Paul Girard resigned as president, Cheni Gold Mines (TSE) has announced the resignation of Malcolm Taschereau, chairman of the company’s board of directors and executive committee. E…