BNET Industries
Last Fiscal Year Sales:$4.6M
- Public
- CA
Dow Jones Description
We were incorporated as Bismarck Mining in the State of Idaho in 1924. We focused on silver exploration in the Coeur dAlene district of northern Idaho and held various exploration claims from time to time. Prior to 1971, Sunshine Mining Company obtained the rights to explore our properties from us, did not find commercial deposits, and, as a consequence, in 1971 we entered into a period of dormancy. We did not conduct any business operations until 1999. We emerged from dormancy in 1999 to begin exploration activities and acquired rights to three groups of claims in the western United States. As part of our program to acquire additional claims, in August 2002, we acquired Calumet Mining Company, a privately held exploration company which held exploration rights to five groups of claims. In early 2003 we became aware of the possibility of acquiring the Mesquite Mine in Imperial County, California from Hospah Coal Company, a wholly-owned subsidiary of Newmont Mining Corporation. During the first half of 2003, we conducted due diligence on the mine and held extensive discussions with Newmont Mining Corporation and various potential sources of capital, which resulted in us and Newmont entering into a letter of intent in July 2003 for us to acquire the Mesquite Mine. In November 2003, we completed the acquisition of a 100% interest in the Mesquite Mine for:
Number of Employees 235
Contact Information
Royal Bank Plaza South Tower
Toronto, Ontario M5J 2J4
(416) 324-6000
Peer Companies
NAICS Code Gold Ore Mining: 212221
Recent Events
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New Gold Announces a 30% Increase in Gold Sales and a 37% Reduction in Cash...
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New Gold's Western Goldfields to delist June 4
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New Gold Acquires Western Goldfields in C$1.2 Bln Deal - Update
News & Analysis
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western goldfields inc. - All News and Analysis
Western Goldfields: Cash Is King
Seeking Alpha
- 2008-12-08
Everyone remembers the California gold rush a century ago, but few know a large gold mine is currently under operations in the southeast corner of California near the Arizona and Mexican borders. This is the mining operations known as the Mesquite Mine managed by Western Goldfields (Amex: WGW).This mine was...
Western Goldfields Surges After Poor Year
Seeking Alpha
- 2008-11-06
FP Trading Desk submits: Western Goldfields Inc. WGW is poised to extend a run of six consecutive days of gains, racing from the gates Thursday morning on the strength of rising gold prices. The stock was up as much as 6% to C$1.22 on the Toronto exchange, as bullion...
No Renewed Bull Phase for Metals Miners Just Yet
Seeking Alpha
- 2008-08-19
Bill Cara submits: The Physical Platinum Exchange Traded Commodity [ETC] [LSE:PHPT] fell -30% in the week to Aug 17. This data may be of interest. Stephen Jen, currency specialist at Morgan Stanley has issued an excellent report (“My Thoughts on Currencies”) dated Aug-18. Here is the summary, making many...
Romarco and Western Goldfields Execute Stock Option Agreement
- 2005-08-26
VANCOUVER, British Columbia -- ROMARCO MINERALS INC. (TSX VENTURE:R) AND WESTERN GOLDFIELDS, INC. (OTCBB:WGDF), announce that in connection with the previously announced merger (see press release dated August 2, 2005), the two companies have executed reciprocal irrevocable stock option agreements to purchase shares of the other...
Romarco and Western Goldfields Execute Stock Option Agreement.
- 2005-08-26
VANCOUVER, BRITISH COLUMBIA, Aug 26, 2005 CCNMatthews via COMTEX -- ROMARCO MINERALS INC. (TSX VENTURE:R) AND WESTERN GOLDFIELDS, INC. (OTCBB:WGDF), announce that in connection with the previously announced merger (see press release dated August 2, 2005), the two companies have executed reciprocal...
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Glass Door
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