Dividends take 50% of Franco’s cash
Shareholders of Franco-Nevada Mining Corp. (TSE) can look forward to annual dividends of $1 per share, Seymour Schulich, chairman of the company said at Franco’s annual meeting. “The cornerstone of Fr…
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Halt trading order on Comaplex shares remains in effect
A cease trading order placed on the common shares of Comaplex Resources (TSE) will remain in effect for the time being, the Ontario Securities Commission has ruled. The cease trading order was issued …
Drifting increases Ronrico stockpile
Drifting on the second and third levels of the East Zone of Ronrico Exploration’s (VSE) Simkar gold project near Val d’Or, Que., have increased the company’s No 1 stockpile to 5,991 tonnes. Ore reserv…
Vancouver Stock Exchange Mishibishu gold claims sparkle
The discovery of a significant copper-zinc massive sulphide deposit near Val d’Or, Que., has provided a badly needed psychological boost to market activity here, even though the find directly involves…
Magnacon first mine at Mishibishu gold camp
The official opening of the Magnacon mine, this area’s first producer, ushers in what promises to become a significant new Canadian gold camp. An impressive looking plant, it is owned 50% by Flanagan …
Metal Prices PRODUCER PRICES (July 03, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (J…
Six more holes to be drilled on Chance’s Ontario claims
Another six wedged holes are planned for Chance Mining and Exploration’s (COATS) base metals property this year, shareholders learned at the company’s annual meeting. Owned 100% by Falconbridge Ltd. (…
Tough times for Golden Shield; management team main shareholder
Financially strapped Golden Shield Resources (TSE) recently lost its major shareholder after Kerr Addison Mines (TSE) sold its holdings in the Kirkland Lake area gold producer. Kerr, which sold the lo…
Bigger is better, says TVX Chairman
With the world gold mining scene increasingly dominated by “super producers,” able to churn out more than a million oz of the yellow metal per year, Consolidated TVX Mining (TSE) Chairman Eike Batista…
RTZ shareholders approve BP deal
The Shareholders of Britain’s giant RTZ Corp. have approved the $4.3-billion(US) purchase of minerals assets being sold by British Petroleum Co. PLC. RTZ says it expects to complete payment for most o…
Freewest options Vauquelin claims
Montreal-based Freewest Resources (ME) recently optioned a 27 claim property located on the eastern boundary of Louvicourt Twp. near Val d’Or, Que. Freewest has agreed, subject to regulatory approval,…
Victoria uncovers graphite deposits
Drilling in January and February of this year outlined graphite deposits in three zones at the Portland, Ont., project of Victoria Graphite (COATS). Forty-one holes representing more than 16,000 ft we…