1994

Both Consolidated Oasis Resources (ME) and Quebec Crown-owned Soquem are encouraged by results of a $200,000 exploration program on the Pontiac gold property near Chibougamau, Que. An induced polariza…

Junior Consolidated Pope Valley Holdings (VSE) expects to raise $10.5 million through a special warrant financing. Goepel Shields, Yorkton Securities and First Marathon have agreed to an agency offeri…

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…

Having consulted with Congress on the proposed California Desert Wilderness Bill, Canyon Resources (NASDAQ) can now proceed with development of its Briggs gold project. It has been determined that the…

Getty Copper (VSE) is expanding its property holdings in Highland Valley near Kamloops, B.C. Under an agreement with Robak Industries, the company will earn a half interest in four concessions: Getty …

Gold production is continuing at the Porgera mine in Papua New Guinea (PNG), despite a strike by members of the Porgera Mining and Allied Workers Union. The dispute, over wage and other employment ben…