Arizona leads in mining
Arizona is the leading nonfuel mineral producer in the U.S., according to figures released by the U.S. Bureau of Mines for 1988. The value of mineral production reported for Arizona was in excess of U…
News
Rockford, Tyranex
Rockford Minerals (TSE) has acquired a 48% interest in Tyranex Gold (COATS) under the terms of a takeover bid. Tyranex shareholders tendered 652,900 shares to Rockford on the basis of one common share…
Integrated stalled in bid to win 51% stake in Northern
Edmonton-based Integrated Resources (ASE) says that securities regulations have prevented it from acquiring a 51% stake in Northern Minerals (TSE). Under the terms of an offer which was scheduled to e…
Goldnev drilling unsuccessful
Deep drilling on the Maggie Creek Ranch property in the Carlin area of northeastern Nevada returned no significant assays. The property, owned by Goldnev Resources (VSE), is being optioned by Barrick …
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…
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, …