NEWS ROUNDUP — FMC writes down Beartrack
FMC Gold (NYSE) has written down the book value of the Beartrack gold project in Idaho. The gold producer recorded a 1993 fourth-quarter charge of about US$60 million, which includes an asset writedow…
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PEOPLE — GIANT BAY RESOURCES
Lee Tiong-Hock appointed director.
Caribgold commences work on pair of Cuban projects
Exploration and sampling are under way on Caribgold Resources’ (CDN) Santa Clara and Sierra Maestra properties in Cuba. Numerous samples from various showings are being processed and a drill program t…
Final feasibility for Fachinal expected by May
By May, Coeur d’Alene Mines (NYSE) expects to have a final feasibility study in hand for its Fachinal gold-silver project in southern Chile. The company bought Fachinal and six other Chilean precious …
Valdez acquires more Mexican claims (January 17, 1994)
Minera Valdez Gold S.A. de C.V., a wholly owned subsidiary of Valdez Gold (ASE), has staked additional ground in Sonora state, Mexico. The 177-sq.-mile property, known as Marisa, adjoins the company’s…
Sudbury Contact
Sudbury Contact Mines (TSE) and Agnico-Eagle Mines (TSE) have reached a flow-through private placement agreement. By issuing 533,333 shares, Sudbury Contact will receive aggregate proceeds of $2 milli…
Carson boosts Kilometre 88 ground
In return for cash, shares and reserve payments, Carson Gold (VSE) can acquire the Lote Delta and Nueva Alaska gold concessions in the Kilometre 88 region of Venezuela. The 5,000-acre Lote Delta groun…
NEWS ROUNDUP — Aquamin lands Peruvian ground
In the coastal gold belt of Peru, Aquamin Resources (VSE) is set to increase its holdings to more than 25,000 hectares. The Peruvian government is expected to approve recent applications for 16 claims…
Golden Rule and Manson Creek restructure 1-m-unit financing
A previously announced financing deal between Manson Creek Resources (TSE) and Golden Rule Resources (TSE) has been restructured. Under the current deal, Golden Rule will subscribe to one million unit…
LAST BUT NOT LEAST….Agnico planning notes offering
A preliminary prospectus regarding a proposed public offering of convertible notes due in 2004 has been filed in Canada and the U.S. by gold producer Agnico-Eagle Mines (TSE). The company says the not…
Cadington Resources changes course of business
Cadington Resources (CDN) is hanging up its pick axe to become an industrial and investment holding company. It plans to acquire or merge with businesses which have substantial cash flows and/or under…
LAST BUT NOT LEAST….Nahanni joins with Prospero
Junior Nahanni Mines (TSE) will combine with Prospero Canadian Land Investment Fund to form a new company, RG Properties. The merger calls for a consolidation of one RG share for 12.5 Nahanni shares. …