COATS Trading Features (March 13, 1989)
Downward was the general direction taken by many COATS-traded mining issues this week. Chance Mining & Exploration has settled back down to the 43 cents -48 cents range after reaching a high of 76 ce…
News
Letter to the Editor Industries promote racial understanding
I refer to your Feb 13 editorial “A tenuous connection,” in which you analyze the morality of the Bank of Nova Scotia’s loan to Minorco (Luxembourg). You point out that curtailing dealings with South …
Aur bids $8.3 million to take over Louvem
Small Quebec gold producer Louvem Mines (TSE) is being taken over by Toronto-based Aur Resources (TSE). Aur says it will spend $8.3 million to acquire about 65% of the common shares of Louvem, which o…
Noranda earnings
Booming commodity prices helped Noranda Inc. (TSE) earn $603 million or $3.14 per share in 1988. This compares with earnings of $343 million or $2.14 per share in 1987. The company’s mining division r…
Platinova, Corona target gold, pgm in Greenland
Exploration of a layered mafic intrusive complex along the east coast of Greenland has confirmed the presence of gold and platinum group metals, Platinova Resources (TSE) reports. The East Greenland p…
Alberta Stock Exchange Baslen moves up
A number of issues showed significant progress following an increase in gold and silver prices. News that gold was selling at around $395(US) per oz may have had an impact on the International Baslen …
Management group controls 71.5% of Corona votes
Five shareholders of Corona Corp. (TSE) have entered into a written agreement in respect of the election of directors of the company and a right of first refusal on the sale of Corona B common shares….
Cominco plans drilling for Arizona bet
An exploration program operated by Cominco American Resources has begun on the Bullard claims in Yavapai Cty., Ariz. According to Cominco American, a subsidiary of Cominco Ltd. (TSE), the gold prospec…
Letter to the Editor McFinley president has shareholders’ interest
Your article on McFinley Red Lake Mines (N.M., Feb 20/89) is very unfair to W.W. Cummins. The article did not present all the facts. I can say without hesitation that Mr. Cummins, as president has gui…
Dejour/Noble net low gold recoveries
Initial metallurgical testing on drill core from the Turquetil gold property in the Northwest Territories, has yielded low gold recoveries, partners Dejour Mines (TSE) and Noble Peak Resources (ASE) s…
DRX adds MicroMin Res. to expanding portfolio
New York-based holding company DRX Inc. has added Micronesian Mineral Resources (VSE) to its expanding portfolio of gold assets. At a Feb 24 meeting in Vancouver, shareholders of MicroMin gave their a…
Editorial The flow-through lever
From all accounts, Jake Epp is a well respected member of the federal cabinet, but if his appearance at the Prospectors and Developers convention in Toronto recently was any indication, his tenure as …