Palomar exploring Doyon mineral lands
With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…
News
FINANCING (September 04, 1989)
American Billion Minerals — 500,000 sold for gross $225,000. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Intertech Minerals — 800,000 sold for gross $280,000. Huntingto…
Managing Canada’s Mines
In the gold mining business it’s not necessary to be big to be successful. It’s the ounces produced that count, says Paul Cregheur, mine manager for Malartic Hygrade Gold Mines. 0000,0500 “For the sa…
Magma, Canyon teaming up to buy Addwest gold mine
Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…
COATS (over-the-counter) Dayton gains 80 cents
Dayton Porupine Gold Mines was up sharply by 80 cents this week with trading in the $1.95-$2.15 range. There is talk of a possible Dayton underwriting at the $3 level. The junior company, controlled b…
Rogi options Aur property
Recently reaching agreement with Aur Resources (TSE) to earn up to a 45% interest in Aur’s 9-claim Lourmet property in Louvicourt Twp. near Val d’Or, Que., was Exploration Rogi (ME). The copper-zinc-s…
IOCC GOLD OPTIONS Options Open Series Volume Last Interest Aug 370
22.50 ** Nov 360 P 307 4.501,241 ** The New York closing gold price was $366.75 per oz. Last quotations for IOCC gold options traded in Amsterdam, Montreal, Vancouver and Sydney …
Junior Golden Crescent strikes survival’ deal with Placer Dome
Market conditions the past year or so have been tough on junior- mining companies. Some have continued to struggle on their own while others have teamed up with seniors to try to ensure their survival…
Alberta Stock Exchange Pezim company moves
As indicated by the trading pattern this week of International Viking Resources, investors have already noted the connection between the Vancouver-based company and the big gold discovery in British C…
Metal prices rebound after lengthy slide
Sliding metal and mineral prices in July helped bring the all-commodity index of Scotiabank down by 0.3% from the previous month. Oil prices were also lower that month, offsetting gains in forest prod…
Falconbridge board backing Noranda-Trelleborg offer
The board of directors of Falconbridge Ltd. (TSE) is recommending to shareholders they accept the $37-per-share takeover offer of Noranda Inc. (TSE) and Trelleborg AB of Sweden. The directors previous…
McNickel drilling confirms surface find
First results from drilling on McNickel Inc.’s (COATS) copper- nickel deposit in Quebec include 18 ft in hole No 5 averaging 0.73% nickel and 0.25% copper. That section came within a broader interval …