News

Notice of a plan by Midas Minerals (TSE) to acquire up to a 60% interest in the Tisdale gold project at Timmins, Ont., from Total Energold (TSE) and Davidson Tisdale Mines (TSE) has been accepted by t…

The Toronto Stock Exchange has thrown cold water on a plan by Pegasus Gold Inc. (TSE) to protect itself from any unwelcome takeover attempt (N.M., Dec 12/88). The TSE has told Pegasus that its “poison…

Adopting a pay-as-you-go strategy toward mine development, 50/50 partners Gulf Titanium (VSE) and Cusac Industries (TSE) are generating a positive cash flow from limited production at their joint-vent…

Toronto-based HSK Minerals (TSE) and Joutel Resources (TSE) have signed an agreement in which HSK will buy two million common shares of Queenston Gold Mines (TSE) from Joutel. In return, Joutel will r…

I have a certificate for 500 shares in a company called Yama Gold Mines Ltd. The shares were purchased for a price of $1 each in 1939. Can you please advise me on the status of this company? Paul For…

Even in a listless market, investors will still respond to the sniff of a significant gold discovery. Bitech Energy has offered plenty of recent evidence that it is on the scent of something interesti…

Quebec Sturgeon River Mines (TSE) reports a net loss for the 9-month period ended Sept 30 of $540,587 or 5.8 per share compared to $1.3 million or 14.7 p er share for the corresponding period in 19…

With a resounding 72% of shareholders approving Inco Ltd.’s controversial recapitalization plan, investors continue to support the company’s share price around the $39 mark. The recapitalization plan,…

ALPART, the largest of four major alumina plants in Jamaica, will start producing alumina by the end of March 1989. Under a recently signed agreement, the ALPART plant will be owned by Kaiser Jamaica …

A decision by Gulf Canada Resources (TSE) to put its interest in Asamera Minerals (TSE) on the selling block may spark a bidding war for the Calgary-based company. A number of mining firms have alread…

Mining consultant Malcolm Slack has agreed to pick up where Echo Bay Mines (TSE) left off in a push to bring Nuinsco Resources’ (TSE) Cameron Lake gold property into production. Slack was named chairm…

A diamond drilling program has been completed by Bitech Energy Resources (ASE) on the company’s Nugget Pond gold property near Betts Cove, Newfoundland. Bitech completed 16 holes for a total of 6,700 …