1992

INSIDER TRADING (April 27, 1992)

Noramco Capital President Murray Sinclair recently increased his stake in Noramco Mining (TSE) to 24% by paying Breakwater Resources (TSE) $1.4 million for a block of shares. According to the Ontario …


Guyana’s modest gold output growing

Increased gold purchases by the state-run gold authority here have led to official predictions of a record-breaking production year in this key sector, Guyana’s fifth ranked foreign exchange earner. F…



Canyon improves its bottom line

A total of 57,070 oz. gold was produced last year by Canyon Resources (NASDAQ) from the Kendall mine in Montana, an increase of 104% from the company’s gold output in 1990. This improved operating per…


NEWS IN BRIEF (April 27, 1992)

Tournigan Mining Exploration Ltd. (TGN:VSE) has changed its name to International Tournigan Corp. (ITG:VSE) with a consolidation of capital on a 1-new-for-5-old-share basis. The transfer agent is Mont…


Western Copper, Thermal stake additional claims

The staking of an additional 89 claims on and around the Williams Creek property by partners Western Copper Holdings (VSE) and Thermal Exploration (ASE) brings the companies’ holdings in the area up t…


Hemlo boosts stake in Freewest

Toronto-based Hemlo Gold Mines (TSE) recently increased its stake in Freewest Resources (TSE) to 13.4% by purchasing 268,516 common shares under financing agreements signed during the past two years. …


Amax wins award for reclamation plan

Amax Gold (TSE) has won an award from the California Mining Association for a comprehensive plan to reclaim the Hayden Hill gold mine in Susanville, Calif. A combined effort involving environmental an…




5-hole program at Newton Hill

A 5-hole drill program was recently completed on the Newton Hill property southwest of Williams Lake, B.C., and about 24 miles north of the Fish Lake deposit. Verdstone Resources (VSE) is in the proce…


Yakutia, De Beers in diamond deal

The Republic of Sakha (Yakutia), a member nation of the Russian federation, has secured the right to retain 10% of its rough diamond production for independent sale, De Beers Centenary reports. Yakuti…


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