Insider Trading Gairdner sells Arimetco shares
Arimetco International (TSE) director John Gairdner recently missed an opportunity to cash on the Arizona company’s copper sales agreement with metals trader Billiton Minerals. The deal drove Arimetco…
News
Nev. Goldfields takeover approved
The takeover of financially troubled Nevada Goldfields (TSE) by Australian company Gwalia Consolidated was recently approved by shareholders of the Colorado-based company at a special meeting. Goldfie…
Exploration spending shifting to base metals
Most of Canada’s major mining companies will spend less on exploration this year as part of an industry-wide decline in the search for new deposits. And with the price of gold resting comfortably at U…
DRX explores Yap gold bet
New York-based DRX (NASDAQ) is encouraged by exploration results on a Micronesian gold property in Yap State, 750 miles north of Papua New Guinea. Yap State is a former U.S. trust territory and the gr…
TVX Gold reports profit
Toronto-based TVX Gold (TSE) has reported its audited net earnings for 1990 following the amalgamation of its predecessor company Consolidated TVX Mining with Inco Gold on Jan. 7. For accounting purpo…
Goldcorp ups Wharf ownership
Goldcorp Investments (TSE) recently made a private purchase of 250,000 shares of Wharf Resources (TSE) at $6.03 per share. Goldcorp now owns 2,813,700 shares and its 69% owned subsidiary Dickenson Min…
Tundra approval for consolidation
Shareholders of Tundra Gold Mines (VSE) recently voted in favor of a share consolidation and a corporate name change, the company reported. Pending regulatory approval, Tundra will consolidate its sha…
Vancouver Stock Exchange Prime Equities, Teck swing deal
Both the VSE resource and composite indices pulled back during the week ended April 16. The resource index posted a 9.14-point drop to finish at 561.20, while the composite index closed at 573.27 for …
Silver Standard boosts potential
Recent drilling by Silver Standard Resources (VSE) on the La Choya project in northern Mexico is reported to have outlined mineralization north and east of the project’s previously defined reserve of …
Cyanide usage
As a graduate of an accredited mining college, a geologist who trained with the Manitoba Department of Mines and a qualified physical scientist with the Geological Survey of Canada, plus a former gold…
NEWS IN BRIEF Freewest Resources
Freewest Resources (TSE) has completed a private placement of $450,000 at $3.80 per share with La Societe en Cammandite Miniere. Proceeds from the placement will be used to continue exploration on the…
Noranda plans more holes at Hislop project
Six more drill holes are being proposed by Noranda Exploration for gold property in Beatty and Hislop twps. in northeastern Ontario, project partner Glimmer Resources (VSE) reported. The new holes wou…