Alta Gold owners agree to merger
The two publicly traded companies that own Alta Gold Company, a precious metals producer based in Salt Lake City, Utah, are planning to merge. Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASD…
News
Hillsborough earnings
Hillsborough Resources (TSE) earned $1.4 million or 30 cents per share in 1988, compared to a profit of $1 million or 23 cents per share in 1987. Revenue of $34.1 million was up 2% from $27.9 million…
Parres named PDAC winner of ’89 Prospector award
Active on the Canadian mining exploration scene for many years, A. Lew Parres has been chosen Prospector of the Year by the Prospectors and Developers Association of Canada (PDAC). Parres will re ceiv…
NXL plans major program for Sandy K
A drill program on the silver property controlled by Sandy K Mines, a private company, will focus on drilling off three silver-bearing veins. Situated near Gowganda, Ont., the Sandy K property is bein…
Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…
Hall of Fame recognizes mining’s unique characters
Mining attracts colorful and flamboyant characters of all types because its more than just a business, not just a 9 to 5 job — it’s a way of life that can consume all your waking time and more. In th…
Platinova, Rayrock placement
A private placement has been completed by Platinova Resources (TSE) with Rayrock Yellowknife Resources (TSE). Rayrock purchased one million Platinova shares for 50 cents per share. Rayrock has also r…
Earnings Reports (March 06, 1989)
Cambior Inc. (TSE) reports fourth quarter net earnings of $4.97 million or 21 cents per share on revenue of $28.21 million. For the same period a year earlier the company reported net earnings of $8….
Faced with budget crunches, western states treat miners kindly
With reductions in federal revenue-sharing dollars, many U.S. states are looking at a variety of possible tax adjustments to fill funding shortfalls. Recognizing the vulnerability of their industries …
Golden Terrace drilling Timmins DeSantis property
Recent drilling by Golden Terrace Resources (TSE) at the DeSantis property near Timmins, Ont., has confirmed the presence of a gold zone. Drilling has traced the 733-west gold zone for a strike length…
Hecla Canada new in Canadian mining scene (March 06, 1989)
Hecla Mining Company of Canada, a wholly-owned subsidiary of Hecla Mining of Coeur d’Alene, Idaho, has recently established an office in Toronto and intends to become more aggressively involved in the…
Better base memtal prices fail to spark exploration
It is nearly 10 months now since Teck Corp. (TSE) President Norman Keevil, based on federal government studies, informed the mining industry that a major crisis may be looming in the base metals secto…