Battle Mountain gains 51% of Inti Raymi
Battle Mountain Gold (TSE) has signed an option to increase its interest in Inti Raymi, a Bolivian mining company, to 51% from 33.3%. The agreement gives Battle Mountain the option to purchase 35,332 …
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Black Cliff looks south for Costa Rican gold
Black Cliff Mines (TSE) has joined the growing number of companies that are searching for gold in South and Central America. The company recently announced that it has signed a letter of intent to gai…
Treminco opens Ptarmigan mine at Yellowknife, N.W.T.
The official opening of Treminco Resources (TSE) Ptarmigan gold mine took place a week ago at Yellowknife. The mill has been operating on a 2-shift basis (afternoon and graveyard) with ore being hoist…
Taywin drill program yields good results
A drill program at Taywin Resources’ (VSE) Merry Widow property south of Port McNeill on Vancouver Island has returned some interesting gold values. Indeed, the gold discovery is one of the more excit…
Queries Cons Gilles Lake shares are worth $800
I understand that you are able to advise on the current status of “old” mining companies. I have a stock certificate dated June 8, 1954 for 1,000 shares of Consolidated Gillies Lake Mines. I would app…
U.S. Gold Corp. wins control of Atlanta Gold
In a dispute taken to the Supreme Court of British Columbia, U.S. Gold Corp. (NASDAQ) has emerged with a ruling allowing it to effect a change in control of Atlanta Gold Corp. (TSE). The company succe…
Premier Gold mill at design capacity
Project operator Westmin Resources (TSE) has reached the design capacity of 2,000 tonnes per day at the Premier Gold mine near Stewart, B.C. The new open pit gold-silver mine is owned 50.1% by Westmin…
Teck setting stage for possible Aur takeover
Teck Corp. (TSE) and Vancouver-based Cominco Ltd. (TSE) have purchased 19% of the issued common shares of Aur Resources (TSE) for $35.47 million and secured a foothold in Aur’s massive sulphide discov…
Minerex profits go back to Aurora
Proceeds from gold and silver sales in fiscal 1989 at the Aurora mine of Minerex Resources in Nevada will be used for operations, debt repayment and waste stripping, said President Rodney Duncan. Mine…
Problems at Elliot Lake mine reflected in Denison results
While Toronto-based Denison Mines (TSE) is still negotiating to sell its oil and gas assets before concentrating on uranium mining, the wisdom of that decision has yet to be reflected on the company’s…
Phelps Dodge could expand exploration activity in Canada
Phelps Dodge Corp. (NYSE), the largest copper producer in the United States, is reported to be contemplating beefing up its exploration role in Canada. The company has not been active in Canadian ex…
Amax earnings lower in 1989
Although gold production rose 26% for the first six months of this year, Amax Gold Inc. (TSE) reported a decrease in net earnings for both its 1989 first half and second quarter. The company reported …