Metall ups stake in M.I.M. to 13.9%
German metals giant Metallgesellschaft AG, has agreed to sell Toronto-based subsidiary Metall Mining (TSE) 75.6 million shares of Australian company M.I.M. Holdings in exchange for 13.1 million shares…
News
Coeur losses reflect merger
The recent losses reported by Coeur d’Alene Mines (NYSE) reflects substantial non-recurring, non-cash writedowns related to the company’s acquisition of Callahan Mining which became effective at the e…
More study ordered for part-time garnet mine
The British Columbia government is calling for additional study on the Crystal Peak garnet project before a permitting decision is made. Anne Edwards, energy and mines minister, and John Cashore, mini…
Texas smelter plans are withdrawn
Plans to construct a copper smelter at Texas City, Tex., with the capacity to process 182,000 tonnes per year have been withdrawn by Mitsubishi Materials. The company announced in 1989 it would go ahe…
Crown slips into the red
Higher production costs at its 30% owned Kettle River project in Washington state helped push Crown Resources (TSE) into the red for the year ended Dec. 31, 1991. The company reported a loss of US$1.0…
LETTERS TO THE EDITOR (April 13, 1992)
As lawyers for Sherwood Mines and Casamiro Resource Corp., we would like to bring to your attention a small detail which seems to be omitted every time there is an editorial or comment on government r…
BOOKS IN REVIEW (April 13, 1992)
The Professionals: The Institution of Mining and Metallurgy, 1892-1992, by A.J.Wilson. Published by the Institution of Mining and Metallurgy, London, 1992, 348 pages, 25. This centenary volume covers …
GOLD FUNDS (April 13, 1992)
BGR Central Net Value $7.87 $5.07 Price $6.25 $3.750 Discount 20.54% 11.8% Value $46,837,000 $63,091,125…
FINANCING (April 13, 1992)
Best Pacific Resources Ltd – 1,500,000 shs offered @ 10 cents per sh. Ventex Resources Corp – 1,500,000 shs offered @ 10 cents per sh. Hong Kong Gold Corp – 750,000 shs offered @ 35 cents per sh.
Red Rock drills confirm Mexican project reserves (April 06, 1992)
Private Australian company Walhalla Mining and 63%-owned Red Rock Mining (VSE) are set to pick up where Terra Mines left off by putting the Amelia gold project in Mexico back into production. Three ye…
Pegasus acquires interest in Australian gold producer
The purchase of 38.4 million treasury shares of Zapopan NL gives Pegasus Gold (TSE) a 35% interest in the Australian miner’s 111 million outstanding common shares. Pegasus paid A65 cents per share for…
Special meeting of Breakwater set for April 10
Shareholders of Breakwater Resources (TSE) will be meeting April 10 to consider various matters related to the company’s proposed debt restructuring. Earlier this year, Breakwater management negotiate…