Penna faces OSC charges
Paul Penna, president of Agnico-Eagle Mines (TSE) and Goldex Mines (TSE), has been charged with two counts of illegal insider trading under the Ontario Securities Act. The charges relate to two incide…
News
Regulatory overlap delays plans for Falconbridge Gold
In order to meet regulatory requirements in two separate jurisdictions, Falconbridge Gold (TSE) has been forced to postpone exploration spending in Val d’Or, Que., delay a special shareholders’ meetin…
PROFILE Brunswick’s Carrington addresses labor dispute
At Brunswick Mining & Smelting, the newly appointed president, John Carrington, 47, has a daunting task ahead. Labor dispute and health issues have dogged the company since last summer. Recently, empl…
Unlisted Trading Holcorp trading heavy
Trading heavily for the past two weeks, Holcorp Gold Mines has agreed to pay US$3.75 million for TSC Enterprises, a subsidiary of copper producer Arimetco. TSC’s sole asset is the Emerald Isle Copper …
Miners like Alaska’s ‘pro-development’ strategy
After more than 16 years of state government ambivalence on resource development, the Alaska Miners Association is welcoming initiatives by a new “pro-development” administration looking to improve th…
Inuit bargain for land claims
The Inuit of the Eastern Arctic moved a step closer to a land claim settlement at a Resolute Bay meeting earlier this year between them and the federal government. Calgary consultant Robert McPherson,…
Tandem purchase
Tandem Resources (ME) recently purchased an additional 250,000 shares of North American Rare Metals (ME) on the open market for, Tandem said, investment purposes. Tandem now owns about 4.3 million sha…
Companies boost Cominco ownership (April 29, 1991)
The three major shareholders of Cominco (TSE) recently increased their ownership of the major base metal producer. MIM (Canada) Inc., a subsidiary of MIM Holdings, reported buying, for itself and the …
Adrian boosts reserves to 240,000 oz. `gold equivalent’
Revised reserve estimates for the Ski project north of Stewart, B.C., represent an approximate 70% increase in preliminary reserves and contained gold-equivalent ounces over those announced in Septemb…
NEWS IN BRIEF EL-Equip Inc.
El-Equip Inc. of Elliot Lake, Ont., recently obtained a technology supply contract with Codelco, Chile’s state-owned mining conglomerate. The contract, worth $400,000, is for the supply and installati…
Seabright merges with Corner Bay, will change name
A wholly owned subsidiary of Seabright Explorations (TSE) has merged with Corner Bay Resources, a private Toronto-based company with properties in the Chibougamau area of northern Quebec. At the end o…
Noranda to resume drilling on Golden Highway project
After a disappointing performance in 1990, when the company was forced to close both its Kremzar and Ketza River gold mines, Canamax Resources (TSE) is pinning its hopes on the Golden Highway project …