Bid anticipated for Kerr copper-gold deposit
The “for sale” sign posted on the Kerr copper- gold project near Stewart, B.C., has piqued the interest of at least 26 major mining companies. Earlier this summer Western Canadian Mining Corp. (VSE) r…
News
Metal snips (August 21, 1989)
The world’s major tin producer- nation last year was Brazil, the U.S. Bureau of Mines in Washington, D.C., reports. In second place was Indonesia, with Malaysia, usually leading the pack, falling to t…
Newmont halts $425 million deal with Peabody Holdings
Uncertainty regarding the future of Peabody Holding Co., has forced Newmont Mining Corp. (NYSE) to cancel its plan to extract $425 million(US) from the coal company. Denver-based Newmont, which holds …
Vancouver Stock Exchange prime Resources leads upbeat market
Recent market activity on the Vancouver Stock Exchange has been dominated by companies in Murray Pezim’s Prime Capital fold, particularly those active in northwestern British Columbia where the summer…
Stroud seeking new acquisitions
The current weak market for precious metals isn’t preventing Stroud Resources (TSE) from continuing to build reserves on two of its key gold properties in northern Ontario. At the recent annual meetin…
Obituaries J.E. `Jerry’ Jerome
Jas Edward (Jerry) Jerome died recently in Temiskaming, Ont., at age 85. Jerome graduated in 1926 from Queen’s University with a degree in mining and metallurgy. After beginning his mining career in B…
Alberta Stock Exchange Pan East big trader
Having approved two convertible debenture issues and resolved an ownership question over two large blocks of its own stock, Pan East Resources has $700,000 in the kitty for future acquisitions. The is…
Cyprus Minerals boosts earnings
The latest financial results for Denver-based Cyprus Minerals (NYSE) show earnings of $61 million(US) or $1.48 per share on revenues of $453.5 million for the second quarter of 1989. These results sho…
VSM drill results
The first results from this season’s drill program on the Grevet M zinc deposit have been released by VSM Exploration (ME). Hole 65 intersected 9.8 ft grading 9.45% zinc, 0.74% copper and 1.1 oz silve…
Hansuld emerges as Spirit Lake’s President, C.E.O.
John Hansuld, the man whose name became almost synonymous with Canamax Resources (TSE), has been named president and chief executive officer of Spirit Lake Explorations (ME). Hansuld resigned as Presi…
Newhawk drilling intersects new zone
Underground drilling has successfully intersected the R-8 zone of the Sulphurets gold-silver property in northern British Columbia on three sections, Newhawk Gold Mines (TSE) reports. The R-8 zone, un…
Equity Silver earnings up 125%
Higher sales volumes of precious metals helped bring about a 125% increase in earnings for Equity Silver Mines (TSE) in the first half of 1989. The Placer Dome (TSE) subsidiary reported earnings for c…