Delegates enjoy PDAC convention events
An expected shakeout in the exploration business appeared to have little effect on the level of interest in this year’s Prospectors and Developers Association of Canada Convention in Toronto. More tha…
News
Ungava acquires iron ore deposit
Optimistic about the future of the iron ore market, Ungava Iron Ores, a newly formed private company, has acquired a significant iron ore deposit at Hopes Advance Bay in northern Quebec. The Ungava de…
Alberta Stock Exchange Gateford doubles
Chromite explorer Gateford Resources saw its share price double to 65 cents on volume of more than a million shares during the week ended Mar 13. Gateford and its private affiliate Canchrome Mines are…
Breakwater issues flow-through shares
Flow-through shares with a value of up to $1 million will be issued by Breakwater Resources (TSE) to CMP 1990 Resource Partnership, at a negotiated premium to the average market price of Breakwater sh…
NO HEADLINE (March 12, 1990)
TEXT: About to enter production is the newest of Canada’s northern mines, the ambitious Colomac gold project of ABM Gold (AMEX), which is 50% owned by Northgate Exploration (TSE). The mine is located…
Mining Helped develop the far north with long line of Arctic
The reason why men began exploring the Arctic is probably the same as why a mountaineer climbs an unclimbed mountain — because it’s there. The first known attempt to reach the Arctic was that of the …
FINANCING (March 12, 1990)
Brightwork Res — 600,000 sold for gross $330,000. Krigold Res — 650,000 offered @ per unit. Gold Summit Mines — gross proceeds rec $280,000. Int’l Viking — 800,000 offered @ 60 cents per sh. Ameri…
Intense exploration activity at Eskay Creek during 1989 provides
clearer picture of deposit…
Gold funds as of Mar. 6
MVP BGR Central Capital Net value $12.20 $6.30 $0.42 Price $11.25 $6.75 $0.34 Discount 7.79% 7.1% 19% Value $72,659,489 $106,084,397 N/A…
Strike at Doyon Mine ends
The strike at the Doyon Mine in northwestern Quebec has ended. Doyon is owned by equal partners LAC Minerals (TSE) and Cambior (TSE). The 380 hourly employees, who have been on strike since Feb. 4, vo…
Gold investors keeping a close eye on unfolding events in South
Having sat in numerous South African cricket grounds (nearby if not actually next to blacks) for the privilege of watching the West Indies Geriatric XI, the Sri Lankan third XI or the English Getting …
Potash prices, lower output impact on Denison earnings
Weakened potash markets and reduced production in its oil and gas divisions had a negative impact on the financial results reported by Toronto-based Denison Mines (TSE). The company had a loss of $3.4…