Juniors team with seniors
Following the stock market crash of 1987, a flurry of dealing has characterized the Canadian mining industry. Junior explorers, hurt by the market crash, low share prices and rarely beneficiaries of a…
News
Crown expects Kettle and Key properties will produce gold
With production expected from its Kettle and Key properties in Ferry Cty., Wash., in the next few years, Denver-based Crown Resource Corp. (NASDAQ) could be profitable by 1990, says Mark E. Jones, pre…
Open pit operation to begin in 1989 at Sikaman’s Bogosu
A large open pit operation is expected to get under way late next year at the Bogosu concession in Ghana, West Africa, where a consortium led by Toronto-based Sikaman Gold Resources (TSE), is in the e…
Queries Exchange is unable to trace Noranda Gold
I recently invested in Noranda Gold Resources through Crown Securities of Costa Rica. I was wondering if you could provide me with information concerning the quality of Noranda Gold and the efficiency…
Ecudor financing (June 13, 1988)
More than $400,000 was raised recently by Ecudor Inc. of Rouyn- Noranda, Que., through a private placement of shares and warrants with the president of the company, Serge Sejourne. The placement compr…
Fortunes change hands based on monthly numbers
It had been a relatively quiet market for some time and bullion traders at Shearson Lehman Hutton were awaiting the release by the U.S. government of the consumer price index (CPI) for April. Earlier …
Gold helped to open the Manitoba frontier
Gold was often the catalyst that opened new lands in Canada’s north and west, and Manitoba was no exception. Soon after gold was discovered in the Black Hills of South Dakota in 1879, prospectors move…
Messeguay results
Further encouraging results have been reported by Messeguay Mines (ME) from its Launay-Privat gold property located northeast of Rouyn-Noranda, Que. The company says hole ML-88-1 (located 200 ft south…
Shareholders give nod to new Corona Corp.
If there was any doubt the amalgamation of five Royex group companies into one big corporate entity to be known as Corona Corp. would not go ahead, Chairman Ned Goodman dispelled it early. Addressing …
St Andrew announces financing proceeds
St Andrew Goldfields (TSE) has announced the receipt of proceeds from the May 4 underwriting of a 25-million(SFr) issue of convertible bonds. The issue was underwritten by a Swiss-based bank consortiu…
Oz and Norwood active at Forsan
A conservative estimate of reserves at the Forsan gold deposit located southeast of Val d’Or, Que., indicates 311,431 tons grading 0.14 oz gold per ton, Oz Exploration (ME) and Norwood Exploration (ME…
Low key Cambior Inc. growing at a fast pace
Since Quebec crown corporation Soquem spun off its assets in 1986 to form Cambior Inc. (TSE), the new entity has been one of the least vociferous of Canada’s mining outfits. Rather than boast about it…