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…
News
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…
PEOPLE INTERNATIONAL MAHOGANY
Anton Hendriksz appointed chairman of the board succeeding Donald Busby who resigned.
PEOPLE GENTRY RESOURCES
Gerald Ross appointed chairman of the board and chief executive officer; Hugh Ross appointed president and chief financial officer; Kecha Panchmatia appointed secretary-treasurer.
Alberta Stock Exchange Tyranite mine sold
An agreement to sell their combined 40% interest in the Tyranite gold mine near Timmins, Ont., failed to spark the share price of either Gunnar Gold Mining or Mill City Mining in the week ended May 14…
LETTERS TO THE EDITOR Not all income is taken home
Regarding the article “Mining executives among best paid” (T.N.M., April 15/91), it is stated that sundry mining executives “took home” various substantial rewards. Are we to understand that these su…
Vancouver Stock Exchange El Condor making Kemess moves
The Vancouver composite and resource indices retreated during the period ended May 14. The resource index shed 3.37 points to finish at 530.87, while the composite index dropped 4.30 points to settle …