Denison shareholders approve stock plan
Three special shareholder meetings in December, 1995, resulted in the approval of a new plan of arrangement for Denison Mines (TSE).The plan, which received near-unanimous approval, involves issuing n…
News
Partners expand near Musselwhite
The owners of the Musselwhite gold property have taken an option on adjacent properties owned by Pangea Goldfields (TSE).Placer Dome (TSE) and TVX Gold (TSE) can earn up to a 75% interest in Pangea’s …
Black Hawk finances Farley Lake
As production approaches at the Keystone gold project’s Farley Lake pit, 50%-owner Black Hawk Mining (TSE) has arranged financing for its share of the development cost.Black Hawk, which shares the pro…
First Dynasty eyes opportunity in south Indonesia
South of the Indonesian capital of Jakarta, First Dynasty Mines (TSE) is attempting to gain a stake in the Gunung Pongkor gold-silver mine.Towards this end, it has signed a memorandum of understanding…
RTZ and CRA to proceed with merger
Shareholders of both RTZ (NYSE) and Australian-based mining giant CRA have voted in favor of merging the two companies under a unique arrangement whereby each will continue to trade separately.Both co…
Tan Range intersects gold in Tanzania
Alberta-listed Tan Range Exploration has intersected significant gold values at its Kabahelele concession in Tanzania.The announcement follows a 7-hole reverse-circulation drill program in which econo…
NEWS ROUNDUP — Reserves at Tonkin Springs double
Minable reserves have more than doubled at the Tonkin Springs gold mine in Nevada.Gold Capital (NASDAQ) and U.S. Gold (NASDAQ) report that proven and probable reserves for the open-pit mine have risen…
NEWS ROUNDUP — Pan African plans to go public
Pan African Resources, a subsidiary of Golden Star Resources (TSE), will combine with Humlin Red Lake Mines (CDN) and establish itself as a separate, public company.The subsidiary will issue a private…
GREATEST VALUE TRADED, 1995
Value($000,000s)HighLowCloseChange Barrick Gold T7010$3827 1/436+4 5/8Inco Ltd T6178$51 5/831 7/845 1/8+5Placer Dome T6122$4025///33+5/8Noranda Inc T2163$3021 1/228 …
Mispec buys into Indonesian gold properties
Indonesian-based Hunamas Putra Interbuana has optioned a 7.7-sq.-km land package on Java to Mispec Resources (ME), which can earn a 45% interest in the asset.The exploration concessions lie 150 km sou…
International African Mining goes public to explore in Mali
Privately owned International African Mining Gold (IAMGOLD) has applied for public listing on the Toronto Stock Exchange.Proceeds from an initial public offering will be used to explore gold propertie…
Moneta adds claims at Nighthawk Lake
Timmins-based junior Moneta Porcupine Mines (TSE) has taken an option on a patented property on the northern shore of Nighthawk Lake, 30 km east of Timmins. The property is adjacent to Moneta’s Nighth…