Diamond sale benefits Hillsborough
The sale of 2.1 million shares of Canabrava Diamond (VSE) helped push Hillsborough Resources (TSE) into the black in 1995.The company earned $1 million, or 10 cents per share, after gaining $2.1 milli…
News
Companies (April 15, 1996)
Agnico-EagleAlta GoldAltavista MinesAltra VenturesAnglo AmericanArequipa Res.Ashanti GldfldsAshtn Mg of CdaBand-Ore Res.Barrick GoldBirim GldfldsBitterroot Res.Black PearlBlue EmeraldBolivar GldfldsBr…
Drills turn at Meadowbank gold project in N.W.T.
A 33,000-ft. drill program is under way at the Meadowbank gold project north of Baker Lake, N.W.T.Meadowbank, a 60-40 joint venture between Cumberland Resources (TSE) and Comaplex Minerals (TSE), host…
NDU placement to fund work at Marg property
A private placement of 2 million special warrants at $2 each will provide NDU Resources (VSE) with exploration funds for its Marg property in the Yukon.The special warrants convert to units which cons…
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 …
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, …
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…
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 …
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…
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…
Museum to host gold, jewelry exhibit
The Royal Ontario Museum in Toronto will host the Italian Renaissance-inspired gold and jewelry designs of the late Mario Buccellati and his son Gianmaria, beginning July 20.The exhibit, “Art of the G…
Royal Mint unveils commemorative gold coin
The Royal Canadian Mint has launched the 1996 $200 gold coin, commemorating the transcontinental railroad.Valued at $414.95, the 22-carat coin honors the railway’s contribution to the formation of the…