Uranium issue
A unit offering is planned by Uranium Resources International (TSE). Boettcher & Co., a Denver-based brokerage firm, is underwriting the issue totalling 1.15 million units, each consisting of one comm…
News
Bema high on potential on Refugio property
Recent drilling on the Refugio property in northern Chile’s Maricunga district has convinced Bema Gold (TSE) that the property has potential to host a “world class” gold deposit. The Vancouver-based j…
NEWMONT GOLD TABLE
Total Geologic Gold Reserves1 Reserves2 Thousands Oz. Oz. Oz. u4Deposits of tons per ton (thousands) (thousands)004 Gold Quarry/…
Agnico-Eagle board declares dividend (January 08, 1990)
The board of directors of Toronto- based Agnico-Eagle Mines (TSE) recently declared a US10 cents per share dividend payable May 1, 1990, to shareholders of record April 3, 1990.
Bonanza puts second drill on East Poirier base metal property
A second drill is being deployed by Rouyn-Noranda-based Bonanza Metals (ASE) on its East Poirier zinc property south of Joutel, Que. The 14-claim property is situated about one mile east of the past- …
Placer Dome to sell oil and gas assets
By putting its oil and gas assets on the selling block, Placer Dome (TSE) has signalled that it intends to stick to its core business of mining. But the move is also giving rise to widespread speculat…
Newmont ups gold reserves by 26%
Exploration along the Carlin gold trend is paying off for Newmont Gold (NYSE), as shown by gold reserve figures released by the 90% owned subsidiary of Denver-based Newmont Mining (NYSE). Going into 1…
Nuinsco, Echo Bay suing each other over Cameron Lake
Toronto-based Nuinsco Resources (TSE) has launched a counter-suit against Echo Bay Mines (TSE) for breach of fiduciary duty involving the Cameron Lake gold property in northwestern Ontario. Echo Bay, …
Hycroft plans deep drilling at Crofoot
A US$1-million deep drilling program is planned by Hycroft Resources and Development (TSE) for its Crofoot mine project near Winnemucca, Nev. According to Hycroft, the first stage of the drill program…
Cyclical Nature
Given the cyclical nature of the mining industry, the high prices of metals experienced two years ago were not to last in 1989. And in most cases they didn’t. But what will 1990 bring? A random surv…
FMC drops Excelsior
The option to enter a profit-sharing agreement on the Excelsior property owned by Steelhead Resources (VSE) has been dropped by FMC Gold (NYSE). The original 90-day option, subsequently extended by 60…
Wilanour nets $3.2 m from rights offering
Wilanour Resources (TSE) said recently that 1,006,299 shares had been subscribed for and issued following a rights offering which expired Dec. 12, for which Wilanour has received $3.2 million. Accordi…