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Franco-Nevada board votes to adopt poison pill plan

Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…


Varna busy in Maritimes as Corona starts program

Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …


Alberta Stock Exchange Zenmac moves up

Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…


Queries Lake Ontario dredging sill on the books

Your paper has printed several articles about Platinova Resources’ activity in Greenland. Last March you also noted the association of Platinova with Deni son Mines regarding a project to dredge fin…


Atlantic Report Cape Breton Highlands get going over

Despite a dramatic drop in activity in the junior resource sector in Nova Scotia since the heyday of flow-through shares, exploration is continuing, mostly by majors and the few juniors which have man…


Wye Resources shuffles board

The board of directors of Wye Resources (COATS) have accepted the resignation of Martin Oosterveld as the company’s president and James Myslicki as vice-president. Elected as Wye’s new president is Da…


Gold funds as of Jan 9

MVP BGR Central Capital Net value $12.20 $6.09 $0.48 Price $11.00 $6.00 $0.38 Discount 9.84% 1.5% 26% Value $72,620,015 $102,5…


Hall of Fame Photo by George Onuska

Newly inducted into the Canadian Mining Hall of Fame is 89-year-old Alex Mosher, who was accompanied to this year’s dinner by granddaughters Judy Lennox (left) and Jane Ratchford.



Unocal sells Obed

The Obed thermal coal mine near Hinton, Alta., has been sold to Edmonton- based Luscar Ltd. The mine was owned 93.4% by Unocal Canada, a wholly owned subsidiary of Unocal (NYSE), and 6.6% by Norcen E…


Photo by George Onuska (January 15, 1990)

Head table guests at the annual dinner of the Canadian Mining Hall of Fame were, from left, Lionel Kilburn, Richard Gardner, Norman Keevil Jr., Viola MacMillan, Maurice Brown, Robert Ginn and John Laf…


Alberta Stock Exchange Kingswood big trader

As drill rigs are already up and running across the continent, after the Christmas break, it is hardly surprising that some of the junior mining issues were among the volume leaders. For the week ende…


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