The major shareholder of Newmont Mining (NYSE) plans to reduce its holdings in the giant mining corporation. English firm Hanson, which through an affiliate owns 49% of Newmont, would lower its intere…
A spokesman for Amax Gold (TSE) recently described the Colorado company’s recent decision to sell its 44% stake in Canamax Resources (TSE) to parent Amax (TSE) as “a non-event.” The sale of 10.4 milli…
This summer’s exploration program on the Lawyers property, owned by Cheni Gold Mines (TSE), has proved disappointing for the junior gold producer. The 100% owned Lawyers Mine is in the Toodoggone regi…
Recent drilling by Timmins Nickel (TSE) on the Langmuir No. 1 deposit, four miles east of the company’s Redstone mine, has intersected 3.44% nickel over a true width of 40 ft. The intersection came fr…
Cash-rich Hemlo Gold Mines (TSE) has dug into its deep pocket with a $9-million offer to Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE) for their interests in the mill and surface fac…
Recent results from Major General Resources’ Rendell-Jackman property in Newfoundland suggest that the Hammer Down gold zone may be pinching out to the east. While probing strike extensions of the zon…
For the three months ended June 30, Granges (TSE) reported a loss of $972,000 versus a loss of $1.07 million in the second quarter, 1989. The company reported that earnings from mining operations for …
.U.S. Grant Gold Mining Co. Ltd. (USG:VSE) has changed its name to Atrium Resources Ltd. (ATM:VSE) on a 1-new-for-7-old- share basis. Transfer agent is Central Guaranty Trust.
George Webber, longtime employee of the Hollinger gold mine in Timmins, Ont., died recently in Georgetown, Ont. He was 89. Born in London, England, he came to Canada in the early 1920s. Webber initial…
Jess Cline appointed vice-president of administration and Paul Daggett appointed to vice-president and controller.
Denison Mines recently sold its 19.5% interest in Parlake Resources (TSE) in a private transaction. Denison declined to reveal the price it received for the 496,611 shares of the junior it sold.
After an extended downward spiral, both Vancouver Stock Exchange Indices staged rebounds over the week ended Sept. 4: the Resource Index up about five points to the 740 level, and the Composite Index …
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