Aber farms out two properties
An option to earn a 70% interest in the 74,000- acre Tikiraq property owned by Aber Resources (TSE) was recently granted to Echo Bay Mines (TSE). The property, 320 miles northwest of Yellowknife, N.W….
News
Gibraltar revises production forecast
The recent annual meeting of Gibraltar Mines (TSE) revealed a pleasant surprise for shareholders anticipating a reduction in throughput at the company’s copper mining operation near Williams Lake, B.C…
Shareholders vent frustrations at Muscocho group meetings
Questions about what went wrong at the Magino and Magnacon gold mines in northern Ontario took centre stage at the annual meetings of Flanagan McAdam Resources (TSE), McNellen Resources (TSE) and Musc…
Corona, Avalon terminate deal
A transaction announced previously whereby Avalon Corp. would have acquired the industrial mineral assets of Corona (TSE) has been terminated. Corona is the major shareholder of oil and gas producer A…
News in Brief (April 23, 1990)
Clifton Resources has changed its name to Consolidated Clifton Resources Ltd. (CFC:VSE) on a 1-new-for-5-old-share basis. Transfer agent is Central Guaranty Trust Co.
Spot prices at a glance (April 23, 1990)
Week’s Price (US) Change Gold* $374.70 + $0.60 Silver* $5.09 Platinum* $478.00 + $2.00 Nickel** $3.93 — $0.06 Lead** $0.38 + $0.01 Copper- $1.22 + $0.03 Zinc $0.74 Courtesy of Scotiabank. Information…
Stewart Lake issues terms of debenture
Stewart Lake Resources (TSE) recently received $500,000 under a Series A Debenture and Warrants issued under a March 12 loan agreement with Trinity Capital Corp. The 5-year debenture bears interest at…
Newmont selling stake in coal miner
Newmont Mining’s (NYSE) attempt to reduce its debt by selling non-core assets continued recently when the Denver company agreed to sell its 54.97% stake in Peabody Holding Co. to a U.S. subsidiary of …
Marshall ups stake in Eden Roc to 67%
In return for $1.4 million, Marshall Minerals (ASE) has acquired seven million shares of Eden Roc Mineral (ASE). As a result of the private placement, Marshall now owns a 67% stake in Eden Roc on an u…
Toronto Stock Exchange Earnings picture, dollar take toll on
Uncertainty caused by a slowing economy and rising interest rates continued to take its toll during the week ended April 17 on The Toronto Stock Exchange as the composite 300 index gave up 36.88 point…
Pioneer accepts Placer Dome offer
Pioneer Metals (TSE) recently accepted an offer from a unit of Placer Dome (TSE) to joint venture its Bonito gold-silver property in New Mexico. In order to earn a 60% interest, Placer Dome is require…
Cache drilling at Courville
More encouraging drilling results have been reported by Explorations Cache (ME) from three holes at the Courville gold property northeast of Val d’Or, Que. Cache, which is earning up to a 50% interest…