The Belmont Rose granite quarry has been reopened. The eastern Ontario quarry produces granite blocks for sale to North American monument manufacturers and construction companies. Belmont Rose Granite…
Red ink flowed in the last quarter of 1993, but Inco (TSE) turned a profit on the year. Net earnings (unaudited) for last year amounted to US$28.2 million, compared with a net loss of US$17.6 million …
Gold producer Glamis Gold (TSE) plans to buy a 35% interest in the Imperial County project in California. In exchange for paying $1 million in cash to Arizona Star Resource (VSE), Glamis would acquire…
In an effort to muscle into South America, gold giant American Barrick Resources (TSE) has agreed to a strategic and financial relationship with Canarc Resource (VSE). The deal follows on the heels of…
International base metals producer Asarco (NYSE) has sold its remaining 45.3% interest in Asarco Australia for US$79.5 million. The sale of the 66.5 million shares will result in an after-tax gain of …
A stock offering by Silver Star (CDN) will raise $518,000. The company plans to use $410,000 to explore its Dasserat, Launay and Pascalis-Vauquelin gold properties in northwestern Quebec. Most will be…
South Africa’s gold and foreign currency reserves rose by 28.9% from November to December, 1993. Figures released in Pretoria by the Reserve (central) Bank show December’s total was 9.1 billion rand (…
Following regulatory approval of its special warrant prospectus, Global Stone (TSE) has received, from escrow, $28.8 million from the sale of 6.3 million special warrants. About $10 million from the o…
Australian mining firm Aurora Gold has secured US$45 million in funding for its gold and silver project in Kalimantan, on the Indonesian island of Borneo. Rothschild Australia, NM Rothschild & Sons an…
Proving that hostile takeovers are just that, International Musto Explorations (TSE) has served notice it will proceed with legal action against Metall Mining (TSE) and Metall’s financial adviser, McL…
A delegation of Mexican mining officials is scheduled to attend Calgary Mining Forum ’94, Feb. 10-11 in Calgary, Alta. The visitors will speak on mineral investment opportunities in Mexico and meet wi…
A 86% owned subsidiary of Crown Resources (TSE), Solitario Resources, has an option to buy seven properties containing copper, gold and silver mineralization in the western Argentine province of Mendo…
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