Continental to merge with United Lincoln
Affiliate companies Continental Gold (VSE) and United Lincoln Resources (VSE) plan to merge. The amalgamation will be on the basis of one Continental share for one share of the new company. United Lin…
Articles by Northern Miner Staff
Homestake subsidiary initiates cost study
Primarily because of a major cost over-run for road access which was largely out of its control, North American Metals (VSE), a 73.2%- owned subsidiary of Homestake Mining (NYSE), is preparing an inte…
U.S. REPORT Atlas Gold loss resulted from battle with Blasius
A net loss of $1.92 million(US) or 65 a share was reported by Atlas Gold Corp. for the first fiscal quarter ended Sept 30. This compares with a net loss of $17,000 or 1 a year earlier. President Rich…
Trans-Dominion to acquire 48.3% of Doelcam
Trans-Dominion Energy Corp. (TSE) plans to acquire a 48.3% equity interest (3.8% voting) in Doelcam Mining, a private company controlled by Dennis MacLeod. The interest will be acquired in exchange fo…
Toronto Stock Exchange (January 09, 1988)
If the first week of the New Year is a precursor of things to come, then hold on for a ride because base metal prices continue to head in one direction — up. During the week, prices for copper, nicke…
Lornex reorganization
The reorganization of Lornex Mining Corp. (VSE) has been completed, partners Rio Algom (TSE) and Teck Corp. (TSE) say. Shareholders of Lornex approved the amalgamation of the company with a wholly-own…
Canadian Iron Ore: 1950 to 1986
The Iron Ore Company of Canada (IOC) began shipping from its new mine at Schefferville in 1954. It was the first of the mines in the Labrador Trough, which would reshape the Canadian iron ore industry…
Metals trader Deak tries to win producer status
New York-based metals trader Deak International Inc. is gearing up for a two-pronged attempt to become a producing mining company. After amalgamating wholly- owned subsidiary Deak Ariadne, with Canadi…
Amax, Canamax deal
A funding agreement has been completed in principle, between Canamax Resources and its major shareholder, Amax Gold. Under the deal, Amax will make available to Canamax a $10-million (US) revolving cr…
Editorial Western’s vote of confidence
Familiarity breeds contempt, according to the old adage. It often takes an objective “outsider” to recognize qualities that may be taken for granted by those who know a situation too well. So it see…
Douglas, Kachmar named to top Wharf positions
The president of Toronto-based Dickenson Mines, J. O. Kachmar, has been named president of Wharf Resources in a shake-up of the latter company’s board of directors. Dickenson, which currently owns alm…
Montreal Exchange Investors on sidelines
The phrase “year-end holiday” seems to have been taken literally by investors on the Montreal Exchange, where daily trading volumes slowed almost to a trickle as the week wore on. Those investors that…