COATS Trading Features (April 10, 1989)
Top volume leader again this week was Hanson Mineral Exploration with more than half a million of its shares traded at 58 cents -83 cents . Hanson has amalgamated with Perch River Mines, a private com…
News
Equinox advances J&L project to feasibility
After completing an extensive metallurgical and underground evaluation program, Equinox Resources (TSE) has advanced the J&L project near Revelstoke, B.C., to the feasibility stage. Equinox and partne…
Buyers sniffing at Doe Run
Fluor Corp. has retained two investment banking companies to screen inquiries concerning its 57.5% interest in Doe Run Lead. Doe Run is a major lead producer in the United States. Fluor says although …
Magnacon production due to start this month
A production start-up at the Magnacon gold project in northern Ontario is imminent. Owned by Muscocho Explorations (TSE), Windarra Minerals (TSE) and Flanagan McAdam Resources (TSE), the project could…
Giant Yellowknife planning layoffs at Timmins operations
A new operating plan including layoffs and curtailment of mining activities in certain areas is being instituted by Giant Yellowknife Mines (TSE) following a large write- down of assets for 1988. The …
Costs up by $14 million, but Lawyers producing
Although the final tally for realizing its goal proved to be some $14 million higher than expected, Cheni Gold Mines (TSE) says it has reached commercial production at its 100%- owned Lawyers mine in …
Chinese get close look at Canadian mining
Canada’s gold industry may not be all that old when compared with China’s, but it appears Canadians may be in a position to teach a mining trick or two to the Oriental nation. A small delegation of Ch…
Corona sues to halt bid by Goldcorp
A lawsuit has been launched by Corona Corp. (TSE) in the Supreme Court of Ontario dealing with the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). The legal a…
INSIDER TRADES (April 10, 1989)
Ansil — C. Harrop sold 7,800 (Feb.) @ $1.25 to hold 6,800. Eastmaque — H. Klingmann sold 5,000 (Feb.) @ $3.40-$3.45 to hold nil. Flint Rick — A. Donato bought 33,333 (Feb., private) @ 30 cents to h…
Atlantic, Jascan principals engage in control struggle
After months of manoeuvering, Jascan Resources (TSE) and Atlantic Goldfields (COATS) have finally shed their gloves and embarked on a major control battle. Jascan and Atlantic, both of Toronto, have i…
Missed Payment May Force Resolution at Dome Mountain
Holding a missed option payment by Total Energold (TSE) as a trump card, the prospectors and underlying vendors of the Dome Mountain project near Smithers, B.C., are forcing the key players to find a …
Northgate increases Geddes shareholding
Northgate Exploration (TSE) of Toronto recently purchased by way of private placement an additional 850,000 flow-through common shares of Geddes Resources (TSE) at $1.50 each. With 4,854,325 Geddes sh…