South Africa and the USSR play a vital role in the world gold and platinum industries: in 1989 their combined output accounted for 45% of world gold production and 91% of total platinum group metal (p…
A new gold zone and the possible extension of a zone at the Aurora joint venture property in Guyana, South America, have been reported by South American Goldfields (TSE) and Denison Mines (TSE). The l…
Calgary-based Golden Rule Resources (TSE) has adopted a shareholders’ rights plan to protect the company from hostile takeovers. Under the plan, if any person or group acquires more than 10% of Golden…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Sep 104.70 104.00 104.45 + 1.55 Oct 104.20 103.65 103.95 + 1.45 Nov 103.40 103.40 103.60 + 1.40 SILVER (in US cen…
Craibbe-Fletcher Gold Mines (CDN) says it has almost completed rehabilitation work at the 2,000-ft. level of the company’s property, and should be drilling there by the end of September. The undergrou…
Dasher Resources Ltd. (DSR:VSE) has changed its name to Consolidated Dasher Resources Inc. (CDH:VSE) with a consolidation of capital on a 1-new-for-4-old-share basis. The transfer agent is National Tr…
Peter Munk, the flamboyant chairman of Toronto-based gold miner American Barrick Resources (TSE), is set to earn a pretax profit of $36.6 million by exercising options on two million shares. Munk acqu…
Toronto-based Starrex Mining (TSE) and Phoenix Canada Oil, through their jointly owned affiliate InterStar Mining Group (CDN), have signed a deal with the Burkina Faso government to develop the high-g…
A mineral agreement covering the business conditions for the development and operation of the Omai gold project in Guyana in South America has been signed, Cambior (TSE) reported. Partners in the mini…
Bond International Gold became a wholly owned subsidiary of LAC Minerals (TSE) on the last day of August, after a scheme of arrangement for the takeover was sanctioned by the Grand Court of the Cayman…
After a summer of sleuthing on behalf of LAC Minerals (TSE), Ewan Mason and Vangie Mamoukarys are satisfied they have done everything possible to find the company’s “missing shareholders.” O.Tut of a …
A $500,000 feasibility study on the Bakoudou gold mining property in Gabon is progressing smoothly, reports Aurtec Mining Development (ME). The company hopes to bring the deposit, which contains a pre…
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