Citadel financing
Citadel Gold Mines (TSE) has received approval from The Toronto Stock Exchange allowing the company to proceed with a private placement of first preferred shares valued at $5.5 million. The shares are…
News
Orenda Gold no longer exists
I recently inherited 100 shares of Orenada Gold Mines purchased in 1945, and I would like to know if these shares have any current value. If they are of value, how can I redeem them? R.M., Leamington,…
Correction (April 03, 1989)
Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…
KING OF ZINC
As base metals mines go, the No. 12 mine in Bathurst, N.B., is No. 1 in more ways than one. No mine in the world can top it in terms of zinc-in-concentrate produced each year (about 238,000 tonnes). A…
McFinley extends date for rights offering
The expiry date for McFinley Red Lake Mines’ (TSE) current rights offering to shareholders has been extended to April 6 because of delays in distribution of the rights offering documents to United Kin…
Gold funds as of March 28
BGR Goldcorp Central MVP Capital Net value $12.15% 9.16 6.67% N/A Price $ 9.63% 5.250 5.88% N/A Discount $20.78% 42.7% 11.9% N/A Va…
People (April 03, 1989)
PIERCE MOUNTAIN RESOURCES — G. Krueckl has resigned from the board of directors.
Obituary Eugenia Campbell
Eugenia Nadia Campbell, better known as “Gramma Gene,” one of the Red Lake, Ont., area’s most famous pioneers and widow of the discoverer of the Campbell gold mine, died on Feb 26, at age 78. On a far…
Spot prices at a glance (April 03, 1989)
Wednesday, Mar. 29 Price Week’s ($US) Change($) Gold* 383.30 –10.10 Silver* 5.83 –0.23 Platinum* 523.50 –21.15 Nickel** 7.17 –0.18 Lead** 0.27 Co…
Toronto Stock Exchange Firm U.S. buck and high rates keep traders
Another day of directionless trading took hold of the market as the composite index remained essentially unchanged at 3560.90 pts — up 0.15 pts. Volume was a lacklustre 19.29 million shares. High int…
Burnt Timber viable
A pre-feasibility study has concluded that the Burnt Timber gold deposit, owned by LynnGold Resources (TSE) and Trans America Industries (VSE) is economically viable. Located near LynnGold’s MacLellan…
Editorial (April 03, 1989)
The cost of mining in Ontario is about to go up a notch, and some of the province’s small gold mines will likely suffer most. Unwilling to follow the example set by their base metal brothers by inve…