Homestake’s gold output up by 27%
Second-quarter earnings for Homestake Mining Co. (NYSE) increased 9% to $20.9 million (or 22 cents a share) from $19.2 million (or 19 cents a share) in the same period last year. The gain reflects a…
News
Talbot Lake bet readied for drill by Golden Crescent
Golden Crescent Resources (ASE), which is earning a 49% stake in 26 exploration projects owned by Placer Dome Inc. (TSE), has begun a surface stripping program at Talbot Lake, near Geraldton, Ont. Gol…
Newmont completes start-up of No 4 mill in Carlin area
Newmont Gold Company (NYSE) has completed start-up operations at its Number 4 mill in the Carlin area of Nevada. The mill began operations June 1, one month ahead of schedule and throughput exceeded 5…
Nugget Pond deal
Bitech Corp. (VSE) and Equity Silver Mines (TSE) have agreed to modify the joint venture agreement relating to the phase one exploration program of the Nugget Pond project in Newfoundland. Under the r…
INSIDER TRADES (July 31, 1989)
Aurizon — F. Lang bought 30,000 (June) @ $26 to hold 608,763. Dauntless Dev. holds 285,758. Cane — Jonpol bought 86,000 (June, private) @ 8 cents to hold 1,000,000. Coral Gold — G. Greer holds 1,8…
Placer Dome encouraged by Mexican Hat results
Drilling by Placer Dome Inc. (TSE) on the Mexican Hat project in Arizona is returning encouraging results. The property is held under option from Oneida Resources (VSE). Results from drilling include …
$125 million offering tabled by Metall Mng.
Toronto-based Metall Mining (TSE) says it has filed a prospectus for a public offering of $125 million in convertible subordinated debentures. With an annual interest rate of 7.5%, payable semi-annual…
Denver hosts Gold Expo
The keynote speaker at Western Gold Expo, to be held in Denver, Colo., Sept 29, will be mineral economist Simon Strauss. The 2-day conference is sponsored by the Denver Gold Group, an organization dev…
Mining Society of N.S. honors John Skotynski
Nova Scotian prospector John Skotynski has been honored with The Mining Society of Nova Scotia Medal for his long and distinguished service to that province’s mineral industry. Skotynski has been pros…
High Frontier expands Louvicourt holdings
High Frontier Resources (VSE) has agreements in principle to acquire another three blocks of ground near the zinc-copper-gold discovery made by Aur Resources and Societe Miniere Louvem in Louvicourt T…
Sikaman sells equity in Ghanaian gold project
Sikaman Gold Resources (TSE) has sold a 25% equity interest in the Bogosu gold project in Ghana to its joint venture partner, Billiton BV for $5.1 million. Billiton now holds 65.5% interest and Sikama…
Report calls for shaft on Fontana claims
A $5.86-million shaft sinking program is justified on the Fontana property near Amos, Que., says a report compiled for partners Bay Resources and Services (ASE) (37.5%), Stratmin Inc. (ME) (37.5%) and…