U.S. Report Coral completes European financing
European investors have bitten off a chunk of Coral Gold (TSE) through the private placement of 950,000 shares at $2.05 per share. Net proceeds, after paying a finder’s fee of $129,875 to European fin…
News
U.S. Report Homestake to explore new discoveries at Lead
The Homestake mine near Lead, S.D., has produced close to 36 million oz. gold from almost continuous operations since the start of production in the late 1870s. It is small wonder then that owner Home…
Glamis gets nod for U.S. mine
Mining at a rate of 3,000 tons per day is slated to begin in early July of this year at the Alto gold property held by Glamis Gold (TSE) in Calaveras Cty., Calif. The company said a settlement was rea…
Rough ride for North American Metals
The 1989 annual report of North American Metals (TSE) reveals a far different picture of the Golden Bear project in northwestern British Columbia than was likely envisioned by Homestake Mining (NYSE) …
Eskay drill results confirm grades
The latest drill results from the Eskay Creek project north of Stewart, B.C., include more impressive high-grade gold and silver assays from the 21B deposit where operator Calpine Resources (VSE) is c…
Mining’s `Queen Bee’ has close call but still a driving force for
Had an interesting phone call recently from a petite, colorful and outstanding Canadian mining enthusiast the industry came very close to losing recently — Viola MacMillan. “Mort Brown,” she said. “I…
Steelworkers recruiting to make up lost ground
Some of Canada’s newest mines have been targeted by union organizers as the United Steelworkers of America attempts to replenish numbers lost through recent layoffs. Among them are the Holt-McDermott …
Cash shortage hits firms with mining operations in Brazil
Sweeping economic reforms and anti-inflation measures initiated last month by Brazil’s new president, Fernando Collor de Mello, have sent that country’s capital markets into a tailspin and caused a se…
Radisson sample yields 2,820 oz.
A bulk sample from the Duquesne mine project north of Rouyn- Noranda, Que., produced 2,820 oz. gold which sold for about $1.3 million, Radisson Mining Resources (ME) announced. Size of the sample, tre…
Golden Knight nets $2.5 million in ’89
For the year ended Dec. 31, Golden Knight Resources (TSE) reported net earnings of $2.5 million or 21 cents per share on revenue of $11.7 million. Revenue during the company’s first year of mining ope…
U.S. Report Battle Mountain boosts stake in Bolivian company
In a move that increases its interest from 33.33% to 51%, Battle Mountain Gold (NYSE) has gained control of the Bolivian gold mining company, Empresa Minera Inti Raymi. Battle Mountain had an option t…
NO HEADLINE (April 09, 1990)
TEXT: The American Mining Congress (AMC) criticizes the proposed convention on the regulation of Antarctic mineral resources activities, noting that it discourages private companies to search for ore…