Hemlo boosts stake in Freewest
Toronto-based Hemlo Gold Mines (TSE) recently increased its stake in Freewest Resources (TSE) to 13.4% by purchasing 268,516 common shares under financing agreements signed during the past two years. …
News
Amax wins award for reclamation plan
Amax Gold (TSE) has won an award from the California Mining Association for a comprehensive plan to reclaim the Hayden Hill gold mine in Susanville, Calif. A combined effort involving environmental an…
LETTERS TO THE EDITOR (April 27, 1992)
I commend your stimulating editorial “Capital for Latin America” (T.N.M., Mar. 23/92). You do well to encourage the Canadian resource industry to participate in Latin America’s growing opportunities f…
CIM Meeting
Chilean mining joint venture law and privatization will be the subject of the next CIM Mineral Economics Society discussion group meeting at the Toronto Board of Trade, May 5. Jorge Bande, vice-presid…
FINANCING (April 27, 1992)
Keywest Resources Ltd – 500,000 shs offered @ $1.10 per sh.
Amax earnings cut in half
Despite a very successful price protection program, earnings for Amax Gold (NYSE) slipped to US$4 million in the first quarter of 1992. This compares with earnings of US$8 million in the first quarter…
Rothschild helps Goldbelt raise funds
In concert with efforts to raise funds for its tailings project in Kazakhstan, Goldbelt Resources (VSE) recently appointed N.M. Rothschild as its financial adviser. Under the terms of the agreement, R…
Westaurum to fund Davis-Keays
Westaurum Industries (ASE) says it has secured a notice of private placement for $5 million from German investors to explore and develop the Davis-Keays copper mining properties in northwestern Britis…
Zinc conference
The American Zinc Association reported attendance of 470 at its initial International Zinc Conference recently at Palm Springs, Calif. Delegates from 24 nations registered. The zinc association is hea…
Trout Lake, Crofoot improve for Granges
Record production was achieved by Granges (TSE) at its two producing mines during 1992. The company holds a 29% interest in the Trout Lake polymetallic mine near Flin Flon, Man., and operates the Crof…
Dying exploration industry prompts campaign — Kidd staff
Deeply concerned about their chances of finding another substantial orebody to replace reserves at the aging Kidd Creek copper-zinc-silver mine, geologists at Falconbridge’s Timmins exploration office…
BGR fund foregoes dividend, keeps cash for `opportunities’
BGR Precious Metals (TSE), the only closed end gold investment fund to survive the recent slump in bullion prices, recently cancelled its quarterly dividend. The 25 cents dividend was scheduled to be …