Coeur ups ante for Aussie company
New York-listed Coeur d’Alene Mines has increased the cash component of its offer to Gasgoyne Gold Mines.The offer to the Australian-listed company now stands at seven shares of Coeur plus A$96 for ev…
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Altavista Mines to aquire 50% stake in Quebec property from Soquem
Montreal-listed Altavista Mines has obtained an option from Soquem, Quebec’s publicly owned mining company, to acquire a half interest in the 201-claim Quenonisca gold property.Situated in northern Qu…
Bitterroot lands Michigan copper play
An option agreement with Copper Range, an 80%-owned subsidiary of Inmet Mining (TSE), gives Bitterroot Resources (VSE) the right to explore more than 100 sq. miles in Michigan’s Keweenaw Peninsula.In …
Sadiola partners name mining contractor
SEMOS, the operating company for the Sadiola Hill gold project in western Mali, has engaged South African contractor Moolman Brothers to provide mining services when the open-pit project enters produc…
INSIDER TRADING — Arequipa directors exercised options and sold shares in first quarter
Directors of Arequipa Resources (TSE) exercised options and sold shares during the early part of the year, according to the Ontario Securities Commission’s record of insider trading.Catherine McLeod, …
TORONTO STOCK EXCHANGE INDICES (April 15, 1996)
=1996= April 9 April 8 April 5 April 4 April 3 High LowComposite 300″ 5007.29 5004.02 N/A 5016.35 5021.47 5066.79 3983.34Mtals & MinrlS 5341.88 5279.07 N/A 5288.70 5282.31 5463.82 3273.56Integrated…
Refurbishment at Kassandra mine now complete
Operations at the Kassandra mine complex in Greece are up and running, following a comprehensive refurbishment program.TVX Gold (TSE) purchased the suspended base-metal operation in December 1995 and …
Applications are complete for the McDonald project
Phelps Dodge (NYSE) and Canyon Resources (NASDAQ) have completed permit applications for the McDonald gold project near Lincoln, Mont.Permits could be issued by mid-to-late 1997, once an environmental…
NEW HORIZONS — Canmet pursuing greater mine safety
A co-operative project involving the Canada Centre for Mineral and Energy Technology (Canmet), the province of Ontario and the township of Red Lake offers considerable promise for maintaining the safe…
Maintenance shuts down smelter
For two weeks in April, Kennecott will shut down its new smelter at Bingham Canyon, Utah.A replacement heat recovery system will be installed and repairs will be made to the acid plant. The company wi…
ECU acquires ground from William
ECU Gold Mining (ME) will acquire nine mining properties from William Resources (TSE) in exchange for 6 million ECU shares.The agreement requires ECU to invest $6 million in exploration, development a…
Virginia Gold Mines an exploration pioneer in northern Quebec
The Quebec government is encouraging mining companies to explore outside of the province’s traditional mining camps. Two associated juniors, Virginia Gold Mines (ME) and Explorations Diabior (ME), hav…