Inco opens Crixas
Inco Gold, a wholly owned affiliate of Inco Ltd. (TSE), poured the first gold from its Crixas gold mine in Brazil. Designed to process 360,000 tonnes of ore per year to yield 120,000 oz of gold, the C…
News
Galactic considers Taiwanese bid for Summitville mine
Summitville, the troubled mine most associated with Galactic Resources (TSE), is up for sale. A Taiwanese company has made Galactic an offer to purchase the mine, which began production in 1986. “We a…
Prospectors welcome adjustments to GST proposal
The Prospectors and Developers Association of Canada says it is pleased that the Goods and Services Tax (GST) draft legislation released on Oct 13, addresses a serious concern of the association. Acco…
Placer Dome/Tundra drill Val d’Or bets
Three drills are at work on the McKenzie Break group of properties held by joint venture partners Placer Dome (TSE) and Tundra Gold Mines (VSE) near Val d’Or, Que. Situated 15 miles northeast of Val…
VSM, Serem double reserves at Grevet M find
VSM Exploration (ME) and partner Serem Quebec have more than doubled reserves at their Grevet M property in Quebec. Following the completion of exploration work to the end of October, the partners hav…
Letter to the Editor Report on technology ignores mining, forestry
Your editorial “Mining is high tech’s best customer” (N.M., Nov 6/89) reflects Northcare’s message precisely. High tech is our resource community’s future. Our concern was sparked by the 3-volume repo…
ABM, Neptune merger plan to receive a second vote
Management of ABM Gold (AMEX) is confident the vast majority of Neptune Resources (TSE) minority shareholders favor an amalgamation of the two companies. Although the Ontario Securities Commission has…
FINANCING (November 27, 1989)
VANCOUVER Graham Gold — 700,000 sold for gross $231,000. Westerra Res — opt exerc on 100,000 @ 40 cents per sh. Mondana Ventures — min 650,000 offered @ 36 cents per sh. Circumpacific Egy — 1,00…
COATS (over-the-counter) Gold Bar up 30 cents
This week’s rally involving the shares of many senior gold mining companies had little effect on junior issues trading on COATS. Following a European financing Carolin Mines is exploring the Ladner Cr…
Sirius has results on NWT placer bet
Reconnaissance sampling on the Selena Creek placer gold project in the Northwest Territories has encouraged partners Verdstone Gold (VSE) and Sirius Resource (VSE). Sirius reports that it recently c…
Montreal Exchange No shine to trading
Rising gold prices should have been considered positive news for the mining issues but for the week ending Nov 21, the mining and minerals index closed down 10.5 points. The general market portfolio i…
Canyon hires adviser
Canyon Resources (NASDAQ) has entered into an agreement with Bankers Trust ,where Bankers Trust will act as Canyon’s financial adviser in the acquisition of the assets of Addwest Gold. Canyon has the…