Black Hawk buying Keystone
Toronto-listed Black Hawk Mining plans to acquire an interest in the Keystone project near Lynn Lake, Man., from DCC Equities. The purchase price consists of five separate considerations including: 10…
News
LAST BUT NOT LEAST — Canmine begins program on Fer bet
A summer exploration program has begun on the Fer polymetallic property near Flin Flon, Man., belonging to Canmine Resources (CDN). The $200,000 program will include line-cutting, surface transient el…
LAST BUT NOT LEAST — Goldcorp to buy back shares (June 14, 1993)
An issuer bid has been made through the Toronto Stock Exchange by Goldcorp (TSE) to buy back up to 1.4 million class A participating partially voting shares of the company. The shares will be acquired…
Mine developers to cover opponents’ costs — New British
In a sweeping series of proposed changes, the British Columbia government is considering collecting fees from mining companies for project reviews. Not only that, companies may be required to pay all …
Premier urges mining companies to market abroad
Ontario Premier Bob Rae urged Canadian mining companies to increase their foreign exposure, at a recent “Meet the Miners” reception at the Royal Ontario Museum in Toronto. Rae said that while his gove…
LAST BUT NOT LEAST — Saudi royal sells Horsham block
Prince Nawaf of Saudi Arabia has sold four million shares of Horsham (TSE) at US$11.62, cutting his ownership of the investment company in half to 4.5%. The shares were sold on the New York Stock Exch…
NEWS ROUNDUP — Republic announces Cuban deal
Toronto-based junior Republic Goldfields (VSE) in association with IMI Mineral Development, a geological consulting firm, has signed a letter of intent with the Cuban government to explore and develop…
NEWS ROUNDUP — Morrison Knudsen in Soviet venture
For the first time, a joint venture has been signed between the U.S. and a republic of the former Soviet Union. Morrison Knudsen (NYSE) has signed an agreement with the state-owned mining corporation …
Larder raises cash to purchase MCK
Toronto-listed International Larder Minerals has raised $2 million through the issue of 10 million shares at 20 cents each. Proceeds will be used to acquire a 49% interest in MCK Prospectors, which, i…
Sonora to acquire rest of Jamestown
Toronto-based Sonora Gold (TSE) has reached an agreement to acquire the remaining 30% interest in the Jamestown gold mine in Sonora, Calif., from a subsidiary of French conglomerate COGEMA. The purcha…
Rising inventories
Base metal and many minor metal inventories rose again during May and early June, reaching their highest levels in years. The reasons vary, but relate mostly to an ease in demand caused by declining m…
China planning increased exports
China plans to increase exports of major non-ferrous metals at an annual rate of 7.5% over the next eight years, according to a publication of Ontario’s Ministry of Northern Development and Mines. The…