NEWS ROUNDUP — Birim acquires private Exroy
CDN-listed Birim Goldfields has taken over Exroy Resources, a private company. The shareholders of Birim exchanged all their securities in the company for treasury common shares and warrants of Exroy….
News
Tanzania offers opportunities
After almost a quarter century of socialist rule, Tanzania has adopted new policies aimed at attracting foreign investment. An important contribution is anticipated from the restoration of the mineral…
EDITORIAL PAGE — Pulling up stakes
In Vancouver, one of Canada’s most entrepreneurial companies, Royal Oak Mines, is pulling up stakes and preparing to move its corporate offices across the border to Washington state. British Columbia’…
INSIDER TRADING — Senior Golden Star officers granted
Six senior officers of Golden Star Resources (TSE) were granted options in September. According to the Ontario Securities Commission’s OSC Bulletin, senior officer Carlos Bertoni was granted 25,000 op…
Fidelity buys stock
Fidelity Management and Research, on behalf of several investment companies and institutional clients, has bought Agnico-Eagle (TSE) common stock. As a result, the Fidelity group now holds 12.3% of Ag…
Homestake advances Ruby Hill
In just three short years, Homestake Mining (NYSE) has developed a geological inventory of about 1.6 million oz. gold within a district previously known for its silver and base metal mineralization. H…
TSE Indices (October 31, 1994)
— 1994 — Oct 25 Oct 24 Oct 21 Oct 20 Oct 19 High Low Composite”300″ 4242.77 4266.02 4285.13 4319.77 4320.79 4609.93 3518.31 Metals&Minerals 4159.84 4192.94 4254.27 4278.02 4242.97 4289.04 3273.56 In…
Serengeti eyes Kenyan property
Vancouver-listed Serengeti Diamonds can earn a half interest in a major greenstone belt in western Kenya. The area comprises 200 sq. km. of licences for the exploration and exploitation of gold, as we…
Golden Queen developing Soledad gold project
The permitting process to develop an open-pit, heap-leach mine is under way on the Soledad Mountain property in southern California. Owner Golden Queen Mining (TSE) is confident all permits will be co…
Correction (October 31, 1994)
Franco-Nevada Mining (TSE) purchased a 5% net profits interest in Rustenberg Platinum’s Pandora platinum property in South Africa from a private company. Incorrect information appeared in our Oct. 24 …
Golden Star, Asarco in French Guiana venture
New York-listed Asarco can earn a half interest in the St-Elie gold project in French Guiana, under a deal reached with Guyanor Ressources, a subsidiary of Golden Star Resources (TSE). The 9,000-hecta…
FACTS & FIGURES — Securing your fax messages
An international mining company was approached recently by an official from a South American country in which it has operations. “What have you done with your faxes?” the official demanded. “We can no…