Timmins Nickel, Dumont in deal
An agreement has been entered into by Timmins Nickel (TSE) and Dumont Nickel (ME) whereby Timmins will spend up to $5 million to acquire a majority interest in, and act as operator of, the Dumont nick…
News
Lawyers pushes Cheni into red
First-quarter earnings for Cheni Gold Mines (TSE) took a turn for the worse this year with the company reporting a net loss of $1.5 million on revenues of $5.2 million. The company reported a cash fl…
EDITORIAL PAGE Good news, bad news
The good news is that the federal government and the Saskatchewan government have agreed on a method to streamline the environmental assessment process for uranium mines. In the world of environmenta…
$2 million for Iskut properties
A $2-million exploration program has been proposed by Thios Resources (VSE) and Eurus Resource (VSE) for their Rock & Roll and Bornagain properties in the Iskut River district of northwestern British …
Spokane meeting reviews ore deposits worldwide
Diversification for the ’90s” was the theme for the Pacific Northwest Metals & Minerals Conference recently held here. It featured a symposium on platinum and base metal deposits in North America. The…
Columbia increases Spectrum to 100%
In a move to increase its interest in the Spectrum property to 100%, Columbia Gold Mines (VSE) has renegotiated its option agreement with property owners Northair Mines (TSE) and Calnor Resources (VSE…
Falconbridge Gold minority holders to vote June 3
Minority shareholders of Falconbridge Gold (TSE) will vote June 3 at the annual meeting in Toronto on a resolution approving the purchase of the African gold assets of its controlling shareholder, nic…
Miroc active in research
Last year was a milestone in the 16-year history of the Mining Research Organization of Canada. MIROC, the oldest research organization sponsored by the mining industry, has emerged from its partial d…
Name change for Malartic
Shareholders of gold producer Malartic Hygrade Gold Mines (Canada) (VSE) recently voted in favor of a corporate name change to Republic Goldfields Inc. The company, with producing properties near Val…
Teck completes private placement
A private placement agreement between Teck (TSE) and Prime Equities (VSE) was recently completed with the sale of four million Prime shares at a price of $1.25 per share. Along with the private place…
U.S. REPORT MinVen acquires balance of Stibnite
With the purchase of the other 50% interest in the Stibnite heap leach gold mine from Pegasus Gold Mines (TSE), MinVen Gold (TSE) now controls 100% of the open pit operation. Pegasus recently acquire…
U.S. REPORT LAC starts drill program on Blue Moon project
A first-stage, US$1 million exploration program is now in progress at the Blue Moon project in Mariposa Cty., Calif. LAC Minerals (TSE) recently finalized an option agreement with property owner, Co…