FINANCING (August 28, 1989)
ONTARIO Canamax Res — final rec iss offer 850,000 @ $1.50 per sh to net $1,275,000 Firesand Res — final rec iss offer 2,400,000 @ 40 cents per sh to net $600,000 VANCOUVER Ravenroc — 1,500,000 off…
News
Galactic turns tide on losses
With the Ridgeway mine in South Carolina continuing to exceed expectations, Galactic Resources (TSE) is reporting record gold production and record income from operation for its 1989 first half. Gold …
Mishibishu trio set to amalgamate
Three Vancouver companies with equal interests in a recent gold discovery west of Mishibishu Lake, Ont., are planning to amalgamate. The companies — Caribbean Resources (VSE), Exmar Resources (VSE), …
Noranda details pursuit of Kidd Creek
Purchase of an interest in the Kidd Creek operation of Falconbridge Ltd. (TSE) was pursued by Noranda Inc. (TSE) between December, 1988, and April of this year. Details of the dealings are contained i…
Laclustre golds take shine off mining sector
Following several weeks of busy trading in a number of blue chip mining issues on the Toronto Stock Exchange, gold shares drifted lower along with lacklustre bullion prices this week. Solid strength i…
LAC in solid shape despite loss of Williams mine
Most mining companies would have been crippled by the loss of a gold property the size of the Williams mine at Hemlo in northern Ontario. In the case of LAC Minerals (TSE), the company appears to have…
Editorial Unuk river might cure the ailing VSE
It’s a drill hole that rivals some of the big ones from Nevada’s Carlin area: 682 ft averaging 0.875 oz gold and 0.97 oz silver per ton plus 1.12% lead and 2.26% zinc. Of course that’s just one hole…
Supply-demand balance for base metals expected to continue
It has been a quiet summer of trading, as expected, on the metals markets, with trading volumes off compared with earlier in the year and price movements relatively small. Adding some spice to the sum…
Encouraging results by Orofino, Canuc
Completion of a 20-hole summer drilling program representing 5,733 ft at the Coronation Gulf gold project in the Northwest Territories was recently reported by Orofino Resources (TSE). Seventeen holes…
IOCC GOLD OPTIONS (August 28, 1989)
Options Open Series Volume Last Interest Aug 370 C 183 0.10 Nov 440 C 135 0.50 715 Nov 380 C 134 8.00 2,481 Nov 390 C 127 5.50 2,159 Nov 400 C 63 2.50 …
Historic plaque tuide
History buffs will be interested in a new publication listing the more than 1,000 historical plaques in Ontario. Many of the plaques deal with the province’s rich mining heritage. Examples include a p…
See Eagle River last paragraph
Hemlo Gold this week acquired an additional 486,600 shares of Central Crude at an undisclosed price through a private purchase agreement with an unspecified seller. Shares of Central Crude have traded…