Earnings Report (June 05, 1989)
Bachelor Lake Gold Mines (TSE) reported a net loss of $975,242 or 11.9 cents per share for the period ended March 31. In the same period last year a net loss of $427,831 or 5.5 cents per share was re…
News
IOCC GOLD OPTIONS (June 05, 1989)
Options Open Series Volume Last Interest Aug 370 C 273 9.00 345 Aug 380 C 639 5.00 900 Aug 390 C …
Rambler Joint Venture faces critical decision
The Rambler Joint Venture will reach a critical stage next month when Teck Corp. (TSE) meets with its two junior partners to consider future participation in that Newfoundland project. The joint ventu…
LynnGold to raise $4 m through equity issue
To satisfy new capital spending requirements LynnGold Resources (TSE) will be looking to raise more than $4 million via an equity issue, shareholders learned at the company’s annual meeting. Peter Goo…
North American Rare Metals 4 cents **
North American Rare Metals (ME) reported a net loss of $52,970 or 0.4 cents per share for the 6-month period ended Feb 28. In the same period last year the company reported a net loss of $108,544 or 1…
News in Brief (June 05, 1989)
Ansco Resources (B.C.) has changed its name to Sunstate Resources Ltd. (SUT:VSE) on a 1- new-for-3-old share basis. Transfer agent is Pacific Corporate Services Ltd.
Metall completes purchase of Copper Range operation
Toronto-based Metall Mining (TSE) recently completed the acquisition for $83 million of Michigan copper producer Copper Range Co. The purchase by merger deal establishes Metall as a fully fledged oper…
Bunker Hill drilling returns good intercept
Underground drilling has encountered a probable extension to the Quill zone at the Bunker Hill zinc-lead-silver mine at Kellogg, Idaho (N.M., May 22/89). Bunker Hill Mining (VSE) re-activated the oper…
Bitech starts Betts Cove work program
An exploration crew has been mobilized by Bitech Corp. (ASE) to begin a $350,000 work program on the old Betts Cove mine property in Newfoundland. The Betts Cove property hosts one of the province’s o…
Quebec recognition
Five mining companies and a veteran prospector were recently recognized by the Quebec government for their contributions to the mining industry. Premier Robert Bourassa and Raymond Savoie, minister re…
Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…
Bidger to build gold mine in Chili
A Chilean firm has been contracted to build a 200 ton-per-day mine and mill complex for Bridger Resources’ (VSE) on the company’s La Pepa gold property in Chile. Vancouver-based Bridger recently signe…