In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…
With environmental work largely complete, CMP Resources (ME) expects the British Columbia government will soon approve development of the QR gold deposit, 70 km southeast of Quesnel, B.C. CMP bought t…
Canada’s mining equipment industry has demonstrated that it is competitive worldwide. Most Canadian mines employ mature technology and acquire processes and equipment that have been developed and prov…
Stormin Resources Inc. (SMR:VSE) has changed its name to Biocoll Medical Corp. with no consolidation of capital. The transfer agent is Pacific Corporate Trust.
Despite political uncertainty in the former Soviet Union, Goldbelt Resources (VSE) expects to complete financing by the third quarter of 1993 for construction of a gold tailings project in Kazakhstan….
Toronto-based Dundee Bancorp (TSE) has sold its 12.1% interest in Baja Gold (TSE) and its 16.9% interest in Yorbeau Resources (ME) to 1021105 Ontario, a new natural resource company (T.N.M., Mar. 22/9…
Insiders of Viceroy Resources (TSE) offloaded some of their holdings in February, when the stock was trading close to its 52-week high of $7. According the Ontario Securities Commission’s OSC Bulletin…
Toronto-based Union Mining (CDN) has changed its name to Union Gold and is now listed on the Alberta Stock Exchange. By optioning properties to third parties, the company intends to remain active in e…
Menora Resources’ (ME) holdings in Cape Town-based Ocean Diamond Mining Holdings will increase by about 20% through a cash transaction. The transaction, at the agreement-in-principle stage, must be ap…
Gold miner Pegasus Gold (TSE) plans to enter phase three of work at the Talapoosa property in Lyon Cty., Nev. It is earning a 70% interest in Talapoosa from Athena Gold (VSE) by making payments totali…
The commission probing the fatal Westray mine explosion in Nova Scotia wants the federal government to release all documents pertaining to the mine. The commission warns it is prepared to take the mat…
Newfoundland and Labrador have changed their mining tax policy to encourage investment. Provincial corporate taxes will now be creditable against mining taxes for a mine’s first 10 operating years. Al…
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