Gold price prompts gold loan paybacks
The rising price of gold has producers of the precious metal moving to pay off their gold loans, the effect of which may be to lend further strength to the metal’s price. One such producer is Giant Ye…
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Dayton, Chevron drill
Dayton Developments Corp. (VSE) has started drilling on its Andacollo gold project in Chile. Held under option from Chevron Resources, the Andacollo deposit is being tested by a 50,000-ft drill progra…
Sherritt Gordon adopting shareholders rights plan
Toronto-based Sherritt Gordon (TSE) has adopted a poison pill or shareholder rights plan to prevent itself from becoming the victim of a creeping takeover bid. While the company said it isn’t aware of…
Nova-Cogesco deals raise $3.5 million
Recently raising $3.5 million in two separate private placements was Nova-Cogesco Resources (TSE). One placement, which raised $1 million, was completed with Aur Resources (TSE) which purchased flow-t…
Letters to the Editor Criticism of flow-through unjust to mineral
I was surprised to read your editorial criticizing flow-through share financing, and take exception to much of the editorial’s content and rhetoric “Time to bury the flow-through myth,” (N.M., Nov 27/…
Managing Canada’s Mines Mining has meant trael for Lawyers’
“Working in the mining industry has enabled me to travel widely, learn a foreign language (Spanish) and meet many interesting and unique people,” says V.E. Smith, operations manager of the Law0000,050…
5.8 million tons indicated Tulsequah ups reserves
An updated geological reserve estimate was released by junior partner Redfern Resources (VSE) for the Tulsequah Chief massive sulphide project in northwestern British Columbia. The new calculations in…
Goldpost, Mining Corp. finalize Hislop sale
An agreement has been finalized between Goldpost Resources (TSE) and Mining Corp. of Canada for the sale of Goldpost’s Hislop West gold property in northern Ontario. Situated east of Timmins in Hislop…
Auction settles dispute over Saskatchewan gold deposit
Litigation has ended between Cameco, Shore Gold Fund (ASE), Golden Rule Resources (TSE), International Mahogany (TSE) and Goldsil Resources (VSE), following the completion of bidding on their Transom …
Calpine releases results of Eskay stepout drilling
Assay results were released by Calpine Resources (VSE) for 12 step-out holes completed on the 21 zone discovery at the Eskay Creek property north of Stewart, B.C. Calpine owns 50% and is operator whil…
Placer Dome gold sales up 42%
Excluding non-recurring gains, Placer Dome (TSE) reported consolidated net earnings of $90.3 million or 38 cents per share on revenues of $711.6 million for the first nine months of 1989. This compar…
Neptune, ABM merger plan gets go ahead from court
Ontario Supreme Court recently approved the proposed merger of Neptune Resources (TSE) with three other companies into a single entity controlled by Toronto-based ABM Gold (AMEX). The decision came ju…