News


On basis of copper find Value of Aur, Louvem soars

A massive sulphide discovery on a disputed Val d’Or, Que. property held by Toronto-based Aur Resources (TSE) and Louvem Mines (TSE) sparked a flurry of buying activity as investors raced to buy up sha…



Moneta acquires land

Moneta Porcupine Mines (TSE) has acquired a 100% interest in 20 patented claims in Tisdale and Deloro twps., near Timmins, Ont. The claims, which were purchased for shares, are adjacent to claims held…


Legal process entangles many good prospectx

Stories abound from yesteryear of mining deals being struck with a handshake. True or not, today’s legal battles and property court settlements, lawsuits and countersuits, make one wonder what happene…



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In the Yukon, the troubled Ketza River gold mine at Ross River is at the centre of a legal dispute between Canamax Resources (TSE) and Belmoral Mines (TSE). Canamax is suing Belmoral for breach of con…


CORRECTION (June 19, 1989)

In the Vancouver Stock Exchange market report of the June 5/89 issue of The Northern Miner it was erroneously reported that several officials of Can-Mac Exploration had been convicted of trading in se…


Dolphin selling quarter interest in Nfld. project

A 25% interest in the Cape Ray gold project in Newfoundland is being sold by Dolphin Explorations (TSE) to Ardonex Resources, a private company. Newfoundland-based Ardonex has agreed in principle to p…


Trend to mergers and acqusitions continues in 1989

In 1988, there were more than 75 mining Merger and Acquisition transactions involving Canadian companies, totalling in value over $5 billion. This review of 1988 mergers and acquisition activity in t…



Will mining learn from experience?

Faced with a struggle to survive, the mining industry in Canada has made tremendous strides in the last six years. In some firms, productivity has doubled in that period. Management in the industry ha…


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