At a special meeting in late January, more than 98% of the shareholders of Great Lakes Minerals (GKM-T) approved the sale of the company’s Mexican assets to a wholly owned subsidiary, Newmex Mining.Th…
The open bidding process had been going on all the time.Freeport-McMoRan Copper & Gold (FCX-N) will be the developer of the Busang gold project in northeastern Kalimantan, Indonesia, following an agre…
A bulk-sampling program by Verena Minerals (VMCO-C) will test alexandrite and emerald deposits at the Rainbow project in Brazil. The junior controls more than 1.2 million ha of prospective gold and ge…
International Pursuit (IPJ-T) has reversed its decision to purchase shares of Western America Resources (WAR-A), after closing conditions for the purchase agreement between the two companies were not …
After meeting in Montreal to discuss their overlapping areas of aboriginal use and occupancy, the Labrador Metis Association and the Nunavik Inuit of northern Quebec formed a coalition to “protect the…
A financing proposal has been accepted by Dayton Mining (DAY-T) whereby the company will issue unsecured convertible debentures in the aggregate amount of US$60 million.This amount can be increased to…
In the belief that its shares are undervalued, Richmont Mines (RIC-T) has filed notice that it intends to make a normal course issuer bid to buy its shares on the Montreal and Toronto exchanges.Up to …
A general improvement in world uranium markets enabled Cameco (CCO-T) to report record earnings of $138 million last year — a 35% increase from earnings of $102 million reported in 1995.Revenues doub…
New York-based Asarco (AR-N) reported net earnings of US$24.3 million for the fourth quarter of 1996, compared with a net loss of US$11.3 in the same period of the previous year.For the full year, the…
Launched as a public company in 1990, Potash Corporation of Saskatchewan (POT-T) last year marked its sixth straight year of improved profits.As the company progressed through the year, each quarter p…
Rea Gold (REO-T) is celebrating its first gold pour — ahead of schedule — at the San Gregorio open-pit mine in northern Uruguay.During a 6-day test in early February, the plant operated at 20% above…
El Callao Mining (ECM-V) has completed a $2.5-million private placement with Bema Gold (BGO-T), its largest shareholder.Proceeds will be used to fund exploration of Lo Increible, the company’s 10,000-…
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