In order to reduce cash outlays for exploration, Cominco Resources International (TSE) has formed or is negotiating joint ventures for many of its exploration projects. In most cases the company will …
Drilling on the Iron Colt vein at the North Belt property near Rossland, B.C., is continuing to return high-grade intersections. The latest hole, NB-1-91, graded 5.0 oz. gold per ton over 8.9 ft. Vang…
An offer by Trimin Resources (VSE) to purchase up to 2.2 million of its common shares at a cash price of $2 per share expired with only 556,657 shares tendered. After taking up these common shares, Tr…
Why is it so difficult for industry to communicate with other groups in society, such as environmentalists, workers, unions and journalists about issues of environment and health? Why do apparently ra…
Despite record gold production from its four major mines, Echo Bay Mines (TSE) lost almost US$60 million in 1990 as writeoffs on gold mining investments took their toll on operating earnings. Compared…
A 2,216-ft. drilling program on Willingdon Resources’ (COATS) Sioux Narrows property near Kenora, Ont., has intersected the gold-bearing structure in all six holes. Results from the shallow, narrow zo…
The boards of Hecla Mining (NYSE) and CoCa Mines (NASDAQ) unanimously approved a definitive merger agreement that will result in CoCa becoming a wholly owned subsidiary of Hecla. The companies hope to…
Toronto-based Madeleine Mines (TSE) and company President J. Patrick Sheridan were recently charged with six counts of violating Ontario’s environment laws. The charges were laid February 14 following…
Two of Glamis Gold’s (TSE) senior executives recently took the opportunity to cash in on the company’s success. According to the Ontario Securities Commission’s OSC Bulletin, James Billingsley, Glamis…
Drilling of Freewest Resources’ Benoit Twp. property near Miquelon in northwestern Quebec continued to return wide widths, the company reported. For the week ended Feb. 19, shares of the junior rose t…
During the report period ended Feb. 19, Goldconda Resources traded 530,100 shares to close up 24 cents at 45 cents. Earlier this month, the company acquired an option to earn a 100% interest in an Ore…
Rather than pursue a hostil takeover, Akiko-Lori Gold Resources (VSE) has agreed to withdraw its recent offer to acquire Bradner Resources (VSE). Bradner’s board of directors refected Akiko-Lori’s pro…
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