Mining industry
Glamis Gold's surprise takeover bid for Goldcorp Inc. has sent Goldcorp's shares soaring 12% on Thursday as investors weigh the potential benefits of the deal. Meanwhile, Goldcorp was actively pursuing a friendly merger with Wheaton River Minerals Ltd. just weeks prior to the takeover bid. The
Gold mining
Cyprus Amax Minerals Company, a leading producer of copper, coal, and molybdenum, declared a regular quarterly common stock dividend at its Board of Directors meeting. The dividend of $0.20 per share will be paid on November 1, 1995, to all shareholders of record on October 10, 1995. This announcement
Mining industry
The Ok Tedi mine in Papua New Guinea's Star Mountains has had a boom year, with a profit of $250.9 million on sales of $1.02 billion. The mine, owned and operated by Ok Tedi Mining Ltd, is 60% owned by BHP. Despite environmental controversies, the mine
Mining industry
A catastrophic spill of 84.5 trillion gallons of cyanide-laced water from a Canadian-US-owned mining operation has poisoned two rivers in Guyana, sparking widespread concern among environmentalists and Indian rights activists. The disaster, which occurred on August 19 when a mine tailings dam breached, has left a trail of dead
Gold mining
A comprehensive gold exploration program in Cote d'Ivoire's Comoe reconnaissance permit, covering 15,000 square kilometers, has yielded encouraging results. A 70,000 line kilometer airborne magnetic and radiometric survey, completed in March, and a geochemical sampling program of 1,450 large stream sediment samples have
Gold mining
Golden Star Resources Ltd. has announced its earnings for the first quarter of 1995, with notable expenditures on exploration and development activities in South America and Africa. The company's consolidated cash and short-term investments stood at US$35.1 million as of March 31, 1995, a decrease from
Gold mining
Future Avenir Corp. has made a significant acquisition through a transaction with Consolidated Madison Holdings Ltd., acquiring and optioning a 5,000 hectare gold property in North Central Mato Grosso State, Brazil. The property has been the focus of informal individual miners, known as garimpeiros, who have produced an estimated
Natural gas
Mallon Resources Corp., a Canadian mining company, reported a first quarter 1995 net loss of $654,000 on revenues of $1,168,000. This loss was attributed to three key factors: reduced oil and gas sales, increased mining expenses, and higher general and administrative costs. The company's drilling
Professional football
Fred Anderson, owner of the Sacramento Gold Miners, has changed his stance on renaming the Canadian Football League, citing the importance of retaining the "Canadian" identity. Anderson initially proposed changing the league's name to recognize the American clubs, but now thinks that keeping the word "
Gold industry
Canadian mining giant American Barrick Resources Corp. has jumped into the battle for Lac Minerals Ltd. with a $2.1-billion bid, making it the world's third-largest gold producer if combined with Lac. The sudden bid pits cash-rich American Barrick against Royal Oak Mines Inc. in the fight for
Gold industry
Lac Minerals Ltd. is at the center of a contentious battle for control, with the American Barrick Resources Corporation offering $1.4 billion to acquire the company. This offer pits one of the world's largest gold producers against upstart Royal Oak Mines Inc., which is trying to take
