Inco Gold ups investment in High River
Following the merger of High River Resources (VSE) and Nor- Acme Gold Mines (TSE), Inco Gold will be entitled to own up to 40.1% of the new company. Inco Gold’s is a wholly-owned subsidiary of Inco Lt…
Articles by Northern Miner Staff
Cambior to take over nova-Cogesco Res
Major Quebec gold producer Cambior Inc. (TSE) has announced a takeover bid for all of the outstanding shares of Nova-Cogesco Resources (TSE). Cambior says it will pay $1.80 per share on the condition …
Toronto Stock Exchange Massive Inco trades boost market volumes
More than 8.7 million shares of Inco Ltd. were traded today in a blizzard of action valued at more than $300 million. The immense volume, about 8.7% of the company’s issued and outstanding shares, com…
X-Cal discovers new zone at Snowbird
A new gold- bearing area called the East zone was located by X-Cal Resources (TSE) along a 1.5-km length of previously unexplored structure at its 100%-owned Snowbird gold project near Fort St. James,…
Canaustra finds sulphides on Gull Pond property
A new discovery of polymetallic sulphides has been made by Canaustra Gold Exploration (VSE) on the Gull Pond property in the Baie Verte peninsula of Newfoundland. The discovery was the result of back-…
Westgate has major plans
Westgate Mines Limited of Calgary, Alta., plans to launch a major gold development approximately 50 miles northeast of Hanes, Alaska. The property is situated on the British Columbia/Alaska border, on…
Bullish outlook for base-metal producers
Base metal prices may slip back next year from their 1988 highs if economic growth slows but they will likely remain significantly above their early-1980s lows for the period 1989-1993, London-based M…
McFinley finds new zone at Bateman Twp. project
Dogged by development problems at the Bateman, Twp., gold project near Cochenour, Ont., McFinley Red Lake Mines (TSE) finally had some good news in its recent interim report to shareholders. The compa…
Video Library
The Toronto Geological Discussion Group and the Prospectors and Developers Association of Canada are jointly establishing a library of videos on mining, mineral exploration, mineral economics and econ…
FINANCING (December 19, 1988)
VANCOUVER Anglo American Res — 624,000 offered @ 45 per unit. Blue Emerald Res — gross proceeds rec $210,000. Loumic Res Ltd — gross proceeds rec $200,000. Tansy Res — 400,000 sold for gross $140…
Recapitalization plan strengthens Inco stock
Investors reacted positively to a recapitalization plan by Inco Ltd. (TSE) involving a rights plan and special dividend after shareholders of the nickel giant voted their approval. Prices of the compa…
Former Noranda researcher occupies Queen’s Mine design chair
Queen’s University’s $1 million Chair of Mine Design has been filled by Professor William Bawden, a former researcher with Noranda Inc. The chair, funded by the Ontario Ministry of Northern Developmen…