Commentary — Public holidays and mining
The Chamber and its members have registered strong disapproval of the state’s action to increase the number of national public holidays to 12 days, noting that this will incur significant costs in the…
News
Pegasus completes offering in takeover bid for Zapopan
In a takeover bid for the outstanding portion of its Australian subsidiary, Pegasus Gold (TSE) has completed a US$100-million offering in convertible subordinated notes.The notes, due in April, 2002, …
Toronto Stock Exchange Indices (April 24, 1995)
— 1995 –Apr 18Apr 17Apr 14Apr 13Apr 12HighLowComposite”300″4299.39 4302.72 N/A4303.28 4296.54 4320.52 3983.34Metals&Minerals4158.76 4192.09 N/A4231.31 4203.55 4337.89 3273.56Int…
Battle Mountain bids for Crown
A merger is in the works between Battle Mountain Gold (NYSE) and Crown Resources (NASDAQ).The deal could result in Crown becoming part of Battle Mountain after an exchange of shares. For every one Cro…
Broadlands joins with Shorewood
Two companies, Broadlands Resources and Shorewood Explorations, have amalgamated under the name of International Broadlands Resources (VSE).The new company has 8.8 million shares outstanding and its p…
Lithos pours first gold brick
Processed material from the Bourlamaque-Nord project of Lithos (ME) near Val d’Or, Que., contained gold, silver and a strong percentage of copper.The company says there is now the possibility of produ…
Private placement to fund Bumbat
Proceeds from a private placement will enable Mongolia Gold Resources (VSE) to carry out exploration and development work on its 49%-owned Bumbat gold project in Mongolia.The financing will consist of…
Infill drilling planned on BIF Island at northern Damoti Lake project
With spring breakup fast approaching at Damoti Lake in the Northwest Territories, a second drill rig is being engaged, in order to carry out infill drilling of the original discovery on BIF Island.The…
Goldcorp buys shares of Wheaton
Toronto-listed Goldcorp (TSE) has bought 2.3 million common shares and 823,540 warrants of Wheaton River Minerals (TSE).One warrant and $1.30 can be exchanged for one Wheaton share on or before Nov. 1…
Pentland intersects gold near Bell Creek property
Vancouver-based Pentland Firth Ventures (ASE) has intersected gold mineralization on its Allerston property in Timmins, Ont. The project is adjacent to, and west of, the Bell Creek mine.Two of three P…
Asarco increases stake in Southern Peru Copper
In an effort to acquire more low-cost copper production and expand its ore reserves, Asarco (NYSE) has bought an additional 10.7% interest in Southern Peru Copper from Newmont Gold (NYSE).The purchase…
Index (April 24, 1995)
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