Falling base metal prices may hinder Amax
Is Amax Inc. (NYSE) getting Falconbridge Ltd. (TSE) for a song or will the proposed $2.8-billion takeover handcuff Amax to a staggering debt for years to come? Much depends on the outlook for base met…
News
Toronto Stock Exchange Metals issues help composite above 4,000-pt
After continuing to rally to new highs this week, the composite, metals and gold indices retreated to close at 4003.67 pts, 3717.92 pts and 6361.9 pts respectively. Daily volumes remained firm above t…
Ego option deal
Toronto-based Ego Resources (TSE) has optioned a 17-claim gold- silver property near Brislane Lake, N.W.T., from Initiative Explorations (COATS). The agreement gives Ego the right to earn a 100% undiv…
Asarco directors adopt rights plan
The board of directors of base- metals producer Asarco Inc. (NYSE) has adopted a shareholder rights plan in which preferred stock purchase rights will be declared as a dividend at the rate of one righ…
Managing Canada’s Mines Manager of `classic’ Dome mine is a 30-
“It’s a classic. It’s my life,” says Robert John Perry of the famed Dome Mine at Timmins, where he has worked for the past 30 years from shift boss to his present post of general manager. And indeed i…
Manitou tailings could be profitable: study
Environmental regulations relating to containment of potentially hazardous material at Societe Miniere Louvem’s (TSE) Manitou tailings project, could prevent the company from starting production until…
Hawk finds nickel
Hawk Resources (VSE) has made a nickel-copper discovery on its property in the Lac St. Jean area of Quebec. Surface exploration resulted in the discovery of a mineralized showing which assayed 0.62% n…
People (August 14, 1989)
BELLWETHER RESOURCES — Gary W. Daradich appointed a director.
Montreal Exchange (August 14, 1989)
Mining issues active Mining issues again fueled investment activity, with the mining and minerals index on the week jumping more than 154 pts during fairly heavy trading. Volume reached 11.9 million s…
Trader has reserves
Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…
Eastmaque takes on partner for American Girl mine
Although its Kirkland Lake tailings operation will remain wholly- owned, Eastmaque Gold Mines (TSE) has taken on a joint venture partner for its American Girl gold mine located in southeastern Califor…
Correction (August 14, 1989)
Marshall Minerals Corp. (ASE) will receive 65% of the sale proceeds from the Restigouche base metals deposit in New Brunswick. East West Caribou Mining, which will process the ore, will receive 35% of…