Greenstone raises project funding
Investors have exercised a series of warrants enabling Greenstone Resources (TSE) to raise $2.2 million. The warrants were issued in conjunction with two rounds of financing completed in mid-1992. The…
News
New legal action against Westminer
A group of Nova Scotian investors representing Cavalier Capital Corp. has initiated legal action against Westminer Canada and six other defendants. The investors claim to have suffered an $8-million l…
Miramar plans Talapoosa takeover
A new suitor has turned up for the Talapoosa heap-leach gold-silver property in Lyon Cty., Nev. Miramar Mining (TSE) plans to acquire Talapoosa through a merger with the property’s owner, Athena Gold …
Joutel and Teck complete Cuban deal
Two TSE-listed companies, Teck and Joutel Resources, have reached an agreement to develop the latter’s exploration lands in Cuba. In accordance with the agreement, Teck has bought 1.5 million subordin…
INSIDER TRADING — Cons. Ramrod officers buy and sell shares
Three senior officers and one director of Consolidated Ramrod Gold (TSE) bought and sold shares in June. According to the Ontario Securities Commission’s OSC Bulletin, director Allan Frame bought 2,00…
Drilling ups reserves at Hislop-Beatty
Results from the first five holes of a 37-hole program have increased reserves at the Hislop-Beatty project in northeastern Ontario. Operator Hemlo Gold Mines (TSE) reports that the best intersection …
AMERICAS — New Stillwater mill should double output
A new mill is being constructed at the Stillwater mine in Montana, which should double its yearly output of platinum and palladium by 1997. Owned by Stillwater Mining, which was originally a joint ven…
DO-27 bulk-sample results disappointing
The junior partners of Kennecott Canada saw their DO-27 (Tli Kwi Cho) kimberlite project downgraded in early August from a development project to one of many exploration-stage projects in the Lac de G…
AMERICAS — Latin America to Canyon’s liking
The search for minerals in South and Central America is by no means restricted to Canadian companies. Colorado-based Canyon Resources (NASDAQ) has exploration offices and staff in Argentina, Venezuela…
COMMENTARY — Anglo American tops corporate list
South Africa’s Anglo American Corp. is the world’s most important mining group measured by the value of the non-fuel minerals production controlled in 1992 — it controls 7.7% of the total Western wor…
U.S. Hall of Fame to induct eight (August 15, 1994)
The National Mining Hall of Fame in the U.S. will welcome eight new members at its seventh induction banquet Sept. 18 in Phoenix, Ariz. For the first time since the inaugural banquet in 1988, two of t…
Shareholders of Royal Oak back revised takeover offer
Shareholders of Royal Oak Mines (TSE) voted 95.7% in favor of the company’s revised takeover offer for Lac Minerals (TSE) at a special meeting here. Royal Oak is now offering, for each Lac share, the …