Integrated biddingfor Northern shares
Integrated Resources (ASE) has offered to acquire a 51% stake in Edmonton-based Northern Minerals (TSE), which was previously known as Pacific Trans-Ocean Resources. Shareholders of Northern Minerals …
News
Alberta Stock Exchange Peter Island up
The junior-oriented Alberta Exchange continues to weather the storm that is wreaking havoc on share prices in Toronto and New York. As indicated by trading volumes this week, Alberta investors continu…
Weaker earnings hurt Inco despite improved dividend
Investors reacted negatively to Inco Ltd.’s (TSE) lower third- quarter earnings by selling off the stock which lost $2 over a 2-day period. The selling was also motivated by the lack of any news about…
Corona chairman not shy on reserve potential at Williams
Results from deep exploration at the Williams gold mine at Hemlo could lead to a doubling of reserves, Ned Goodman, chairman and founder of Corona Corp. (TSE), told institutional investors at a Goldm…
Amax to up stake in Canamax Res.
Vancouver-based Canamax Resources (TSE) has elected to repay the $7.3 million it owes to affiliate Amax Gold (TSE) by issuing shares to the Colorado company. In connection with the plan, Canamax has a…
Geddes financings raise $9.9 million
Geddes Resources (TSE) says it has raised $9.9 million through a series of financings for exploration at its Windy Craggy copper-gold- cobalt project in northwestern British Columbia. The financings i…
Metal Prices (October 30, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Oct 24 Oct 23 Oct 20 Oct 19 Oct 18 Copper 1693-…
New Monique, Louvem results double tonnage of gold zone
Preliminary calculations based on new drilling results from the Monique property east of Val d’Or, Que., have doubled reserves for the G zone, Societe Miniere Louvem (TSE) and Monique Exploration (ME)…
Crown Resources acquires Nevada properties
Denver-based Crown Resources (VSE) recently acquired a 100% interest in two Nevada properties owned by Freeport-McMoRan Gold (NYSE). According to Mark Jones, chairman of Crown, the properties have exc…
Managing Canada’s Mines Reopening a shutdown mine can pose unique
Reopening a long shutdown mine can be no easy task. Problems include enlarging undersized drifts and emergency exits and 1606 replacing lip pockets with ore and waste passes. Besides, there are often …
Galactic gets funds
Galactic Resources (TSE) has received proceeds of $12.58 million from a private placement of units completed by Yorkton Capital Markets (Overseas) Ltd. Each unit is exchangeable for one common share a…
Golden Terrace to merge assets with Stan North
Soft gold prices and a lack of interest in the junior exploration market have combined to bring Toronto-based explorers Golden Terrace Resources (TSE) and Stan North Mining together in a proposed merg…