A unit of William Resources (WIM-T) has submitted a bid to take over Swedish gold mining firm Terra Mining.William is offering $33.25 per share, or $147 million, for the company, which is listed on th…
Lower copper prices have prompted Summo Minerals (SMA-T) to revise the final feasiblity study for its Lisbon Valley copper project in Utah.The new study, which is based on a copper price of US90 cents…
Work continues on projects in the Timmins West camp in northeastern Ontario, where four of six recently drilled holes at the Bristol Twp.property of Holmer Gold Mines (HGM-A) have encountered gold min…
An agreement between Black Hawk Mining (BHK-T) and Kinross Gold (K-T) will allow for development of the former’s Vogel gold property in Hoyle Twp., 20 km east of Timmins.Black Hawk, which has been dri…
At the Mount Polley gold-copper porphyry mine, 45 miles north of here, construction is proceeding on schedule toward a projected startup of late 1997.Imperial Metals (IPM-T) has a 55% interest in the …
An area in eastern Greenland has been targeted for regional magnetic and aeromagnetic mapping.The surveys, to be flown next summer, will test targets and structures near Constable Pynt and Mestersvig….
Reserves continue to soar at the San Francisco gold mine in Mexico’s Sonora state.Geomaque Explorations (GEO-T) reports that minable reserves at the open-pit, heap-leach operation have increased by 22…
Safety staff at Noranda’s (NOR-T) Heath Steele mine, about 50 km southwest of Bathurst, N.B., are investigating an explosion that took the life of miner Arthur Doucet on Nov. 4.Staff member Roger Clin…
Frederic Hewett appointed president and chief executive officer; D. Bruce McLeod appointed vice-president and Donald McLeod appointed chairman.
Brian Douglas appointed vice-president of finance and chief financial officer; Robert McRae appointed chairman and chief executive officer; and Gregory Mosher appointed vice-president of exploration.
C. Cole appointed director.
Matthew Kavanagh appointed chief financial officer.
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