Gold producer USMX Inc. is taking its former president to court over certain mining claims in Pershing Cty., Nev. USMX has filed a suit in Nevada alleging a breach of fiduciary duty by Gary Grauberger…
Reporting encouraging drilling results from a 164-hole program representing almost 21,000 ft at the Duvay gold property in northwestern Quebec is Sphinx Mining (ME). A heap leach bulk test is being un…
Hillside Energy Corp. has changed its name to Charter Minerals Inc. (CMN:VSE) on a 1-new- for-2.5-old share basis. Transfer agent is Montreal Trust Company.
The American subsidiary of Placer Dome Inc. (TSE) has acquired an option on Oneida Resources (VSE) Mexican Hat gold property in Arizona. Placer has the right to earn a 60% interest by buying 400,000 O…
A land position comprising 105 claims near the Copperstone gold mine of Cyprus Minerals near Quartzsite, Ariz., has been acquired by Roddy Resources (TSE). President Steven Harapiak told the annual me…
Listless trading was the order of the week as investors appeared to be digesting the contents of the recent federal budget. Baloil Lassiter lost ground, as did the other five volume leaders. Lassiter …
The push is on to raise the $40 million needed to bring the Eastmain gold project in northern Quebec into production, MSV Resources (ME) reports. President Mario Caron says the directors of MSV have a…
Reserves at the Jerome property north of Sudbury, Ont., have been increased to 600,000 tons averaging 0.2 oz gold per ton. The joint venture partners exploring the old Jerome Gold mine property report…
Flanagan McAdam Resources (TSE) has entered into a private placement agreement with Echo Bay Mines (TSE) whereby Echo Bay will purchase 1.6 million Flanagan shares at a price of $2.50 per share. The $…
Although Wharf Res. (TSE) almost doubled its net income in 1988, the company had to make substantial payments to some of its former officers. Wharf, which came under the control of Dickenson Mines (TS…
Market activity in Vancouver slumped in the past week in response to declining gold prices and the continued use of high interest rates to keep the lid on inflation. The market remained stagnant at pr…
The takeover of Dickenson Mines (TSE) by Goldcorp Investments Ltd. of Toronto seems to have barely interrupted the operations of the gold producer. “It’s business as usual,” President John Kachmar tol…
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