News

The federal government intends to sell half its 19.2% interest in Saskatchewan uranium producer Cameco (TSE) for $102.5 million. Five million shares will be sold to the public at $20.50 per share by a…

Clive Brookes, Sean O’Neill and Alan Rothenbush appointed directors.

Drilling on the South Comstock gold project near Carson City, Nev., has successfully extended the Lucerne gold deposit to the east. Rea Gold (TSE) is earning a 50% interest in the property from BMR Go…

The letter “Time to start fighting back” from Michael Leahy (T.N.M., Apr. 19/93) contains misplaced criticism of the Whitehorse Mining Initiative. One can understand and sympathize with Leahy’s frustr…

The first-aid team from the Dome gold mine of Placer Dome in Timmins, Ont., has won the annual McCrea First-Aid Competition sponsored by the Mines Accident Prevention Association of Ontario (MAPAO). T…

The Ministry of Energy, Mines and State Industry (SEMIP) in Mexico has lessened the amount of paperwork through which mining companies must wade. Paradoxically, doing so has entailed the use of still …

A company whose history reaches back more than half a century, is slowly winding down. Kerr Addison Mines (TSE) recently sold its exploration assets to Metall Mining (TSE) for $23.5 million. The holdi…

Drilling is planned by Placer Dome (TSE) to test a previously defined gold resource and further explore the Mulatos property in the Sierra Madre mountains of Mexico’s Sonora state. The volcanic-hosted…

The boards of CMP Resources (VSE), Plexus Resources (TSE) and a numbered Ontario company have agreed to amalgamate. The 3-way merger will result in a new gold-oriented company, Kinross Gold, which wil…

Bradford Cooke and Richard Clark appointed directors.

Some officers and directors of Lytton Minerals (TSE) emerged as sellers of the diamond stock in mid-April. According to the Ontario Securities Commission’s OSC Bulletin, Director Donald Smith sold 90,…

Marc Becker appointed director.