Granges terminates Goldbelt deal
The proposed merger between Granges Exploration (TSE) and Goldbelt Mines (VSE) has been scuttled by dissenting shareholders. More than two million shares were received by Granges in proxy form opposin…
News
Minorco and the Maple Leafs
Even in the worst of situations, it’s wise to look on the bright side. To concentrate too much on life’s little setbacks is not good for one’s health. In that light, we take our hat off to James Cap…
Twin Gold plans more drilling on Lingman Lake property
Toronto-based Twin Gold Mines (ASE) is set to begin further exploratory drilling on its Lingman Lake property in northwestern Ontario. This spring the company extended its claims in the area after a g…
2 potential gold mines Baie Verte’s potential growing
Across the bay from this small coastal town which relies on asbestos for much its economic base, mining companies are hoping to come up with a gold mine or two in the years ahead. Most of the area aro…
People (June 05, 1989)
RISE RESOURCES — Victor G. Coulthard appointed president succeeding Richard W. Hughes who has resigned. Mr. Coulthard will fill a casual vacancy on the board of directors succeeding William Vance who…
LynnGold to raise $4 m through equity issue
To satisfy new capital spending requirements LynnGold Resources (TSE) will be looking to raise more than $4 million via an equity issue, shareholders learned at the company’s annual meeting. Peter Goo…
News in Brief (June 05, 1989)
Ansco Resources (B.C.) has changed its name to Sunstate Resources Ltd. (SUT:VSE) on a 1- new-for-3-old share basis. Transfer agent is Pacific Corporate Services Ltd.
Dumagami shareholders urged to reject Agnico-Eagle merger plan
Montreal businessman Jacques Forget says he will ask minority shareholders of Dumagami Mines (TSE) to vote against a merger plan tabled recently by Agnico-Eagle Mines (TSE). Forget, who holds a 16% st…
Toronto Stock Exchange Gold index firms despite falling bullion
The gold price and gold index appear to be diverging. Bullion on the second London fix dipped to $361.80 today whereas the gold and silver index continued to display resilience in light of bullion’s h…
Rea Gold taking traditional route to production
Up until several years ago, the height of ambition for a junior company with a promising property was to strike a joint venture deal with a major mining concern, hopefully with one benign enough to le…
Montreal Exchange Mining index advances
A week of mixed trading didn’t seem to hurt the resource stocks, with the mining and minerals index climbing more than 20 pts. The general market portfolio index, by comparison, managed a 2.9-pt gain….
Bitech starts Betts Cove work program
An exploration crew has been mobilized by Bitech Corp. (ASE) to begin a $350,000 work program on the old Betts Cove mine property in Newfoundland. The Betts Cove property hosts one of the province’s o…