Firm zinc price lifts Brunswick earnings
Strong zinc prices helped boost the second-quarter earnings of Brunswick Mining and Smelting (TSE) by about 20% during the 3-month period ended June 30. Brunswick’s second-quarter net earnings improve…
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Drilling resumes on Douay gold bet
A new drilling campaign has started on the Douay gold property owned by joint venture partners Inco (TSE), Societe d’Exploration Miniere Vior (ME) and Cambior (TSE). The property is in the Casa Berard…
COATS (over-the-counter) Gold Bar hit with lawsuit
It appears that Southern Arizona Mining and Smelting’s bid for a 50% interest in the Chester Twp. gold property near Gogoma, Ont. is in jeopardy. James Hunter, a shareholder of property owner Gold Bar…
Black Hawk completes acquisition of Union nickel-copper deposit
Toronto-based Black Hawk Mining (TSE) says it has acquired all the outstanding shares of First China Capital whose main asset is the Union nickel-copper deposit in the state of Maine. Based on 170 dri…
Northwest moves to next stage in Colomac construction phase
Having completed plant construction at its wholly owned Colomac gold project, 137 mile north of Yellowknife, N.W.T., NorthWest Gold (AMEX) (formerly ABM Gold) is tuning up the project’s milling facili…
Opawica, Minnova will go to court over Lac Shortt mine
A legal dispute over the Lac Shortt gold mine in northwestern Quebec will soon go to trial, according to Opawica Mines (TSE). Opawica will be battling for the proceeds of a 7.5% net profit royalty fro…
U.S. REPORT Nevada Goldfields pursuing Antioch
A letter of intent to acquire up to 100% of the outstanding shares of Antioch Resources of Spokane, Wash., has been signed by Nevada Goldfields (TSE). Terms of the share-exchange agreement and share-e…
U.S.REPORT RTZ trading on NYSE
London-based RTZ Corp. (NYSE), one of the world’s largest mining and metals companies, has recently listed its shares on the New York Stock Exchange under the symbol RTZ. The company, with nearly 50% …
Gold Standard wins Mercur suit round
A U.S. judge has elected not to dismiss a lawsuit filed by Gold Standard (NASDAQ) against a British merchant banking company in relation to the Mercur gold mine in Utah. Gold Standard, an exploration …
Deak negotiating financing for Kerr mill modification
Financing of an ambitious scheme by Deak Resources (TSE) to mill gold and base metal ore at Virginiatown, Ont., could result in the company more than doubling its share capitalization by 1993. Shareho…
Placer Dome after Corona?
Speculation abounds that Canada’s largest gold producer Placer Dome (TSE) may be eyeing rival Corona (TSE) as a potential takeover candidate. Both companies have been making headlines lately as they b…
Copper-rich boulder train discovered at MacLeod Lake bet
Windy Mountain Explorations (COATS) has discovered a train of mineralized boulders stretching for 1.5 km across its MacLeod Lake property north of Chibougamau, Que. The boulder train, parallel to the …