1994

Montreal-based Freewest Resources (TSE) has signed an option to acquire three claims, comprising 1,040 acres, north of Kirkland Lake, Ont. Over a 5-year period, Freewest will pay $150,000 cash and iss…

Denver-based Golden Star Resources (TSE) and its Venezuelan partner, BPC, have entered an agreement to earn a 60% interest in the Increible 6 and Valle Hondo group of properties. The vendor is the Inv…

Interest in gold, among central banks, has rarely been so high. This is because the price of gold is approaching US$400 per oz. and because of the mobilization of gold (gold loans, options, etc.) by s…

Alan Lindsay appointed chairman; Anthony Harvey appointed vice-chairman; David Beling appointed president and chief operating officer; and Edward Rose appointed chief financial officer.

In the past five years, central bank activities in the gold market have increased significantly. There are currently more than 80 central banks active in the gold market. Indeed, central banks are an …

Thus far into 1994, American Barrick’s (TSE) earnings statement shows every sign of outshining that of last year. For the first quarter, revenues were US$187.3 million compared with US$144.1 million i…

Junior Habsburg Resources (TSE) reports that its previously announced private placement with Canaccord Capital has not been completed. Instead, Habsburg will sell, on a private placement basis, up to …

Alberta-listed New Island Minerals (NIM) intends to acquire mining assets from CDN-listed Newfoundland Goldbar Resources (NGR). Included are 51% of the shares of Tiara Marble. NIM will retain ownershi…

For gold and base metal producer Lac Minerals (TSE), 1993 was a year with mixed results. Attempts to reduce cost and increase productivity were offset by after-tax provisions associated with mine clos…

Toronto-based T & H Resources (TSE) intends to acquire at least a 49% interest in the Shuangyang cement plant in northeastern China. It will buy the interest from Imperial Investment, subject to a due…

In the first quarter, Battle Mountain Gold (NYSE) had a consolidated net income of US$2.8 million on revenues of US$52.8 million. This compares with a net loss of US$3.2 million on revenues of US$60 m…

A sentencing hearing has been scheduled for May 31 to deal with the conviction of Noranda Minerals on three violations of the Occupational Health and Safety Act. The conviction stems from a 1991 fatal…