Kimex gets Hunter
Kimex Resources (ME) has signed a letter of intent with Wabigoon Resources (COATS) which gives Kimex the right to earn a 50% interest in Wabigoon’s Hunter gold project near Timmins, Ont. The interest …
News
Vancouver Stock Exchange (January 08, 1990)
Easing gold prices and uncertainty about the slowing economy are believed to have taken the wind out of a rally that began on Wall Street and the eastern Canadian exchanges just after the New Year. Al…
St. Genevieve reports financial performance (January 08, 1990)
St. Genevieve Resources (TSE) has reported net income of $1.3 million or 7 cents per share for the nine months ended Sept. 30, 1989, compared with a loss of $2.8 million or 20 cents per share for th…
Minieres du Nord to drill Matagami
Minieres du Nord (ME) of Amos, Que., has expanded its land position in the Matagami Lake region of northwestern Quebec, by staking more claims in Isle-Dieu Twp. As well as 7,110 acres of geologically …
Radisson, Augmitto deal could lead to production
A 75% interest in the Beauchastel gold project, owned by problem- plagued Augmitto Explorations (TSE), will be acquired by Radisson Mining Resources (ME). Under the terms of an agreement, Radisson has…
Placer Dome to sell oil and gas assets
By putting its oil and gas assets on the selling block, Placer Dome (TSE) has signalled that it intends to stick to its core business of mining. But the move is also giving rise to widespread speculat…
Falling metals prices drag commodity index
A sharp drop in metals prices in November contributed to a reduction of 1.3% in Scotiabank’s all- commodity price index for that month. Economist Patricia Mohr reported a 2.9% monthly drop in the meta…
Echo Bay swapping shares for mines in Muscocho deal
Equity interests in three associated companies are being traded by Echo Bay Mines (TSE) for partial ownership of two fairly new gold mines in the Wawa area of northern Ontario. The large North America…
Obituaries (January 08, 1990)
William Eplett, president of International Platinum and a director of Corona Corp., died Dec. 20. He was 56. Eplett graduated with honors in business administration from the University of Western Onta…
Giant Resources debt woes no problem for Golden Star
Debt problems currently being experienced by Giant Resources of Australia may prove to be a blessing in disguise for Edmonton zinc-silver producer Golden Star Resources (TSE). Giant Resources recently…
Contrary to magazine report, Barrick not using pontoons
Reports from Arizona that American Barrick Resources (TSE) is about to incorporate dredging equipment and pontoons into its Goldstrike mine development plan are inaccurate, a spokesman for the company…
Canamax renegotiates Amax loan agreement
Vancouver-based Canamax Resources (TSE) has renegotiated the terms under which it will repay the $7.3 million it owes to Colorado affiliate Amax Gold (TSE). At a special meeting in Toronto, shareholde…