Montreal Exchange Quiet trading mood
The exchange had a relatively quiet trading week, with the market portfolio ending the reporting period up less than a point and the mining and minerals index closing unchanged. Daily volumes were hea…
News
Return on assets ensures profitable year for Metal
The broad portfolio of resource assets held by Toronto-based Metall Mining (TSE) provided a healthy return during the company’s first full year of operations. The 62%-owned subsidiary of German metals…
Canamax bids for 100% of Ketza
Toronto-based Canamax Resources (TSE) has eliminated some of the uncertainty surrounding the Ketza River gold mine by agreeing to acquire partner Pacific Trans- Ocean Resources’ (TSE) 50% stake in the…
Australia’s Gwalia opens U.S. office
Another Australian mining company has opened an office in the United States. Gwalia (USA) Ltd., the North American affiliate of the Gwalia Group, has established an office in Denver, Colo. The company…
Eastmaque to expand production at Cargo Muchacho
By September of this year, Eastmaque Gold Mines (TSE) is expecting to pour the first gold from its new American Girl Canyon open pit mine in California. The heap leach operation is part of the company…
Mishibishu, Windarra flow-through deal
Mishibishu Resources (VSE) has negotiated a flow-through private placement to fund exploration on the 107-claim Loon Lake property under option from Granges Exploration (TSE). The Loon Lake property i…
McNickel to start drilling this June
A major drill program should begin this June on McNickel Inc.’s (COATS) Lac St. Jean copper-nickel property in Quebec. McNickel, currently in the throes of filing a preliminary prospectus, is not in a…
Strike settled at Lawyers mine
Striking workers are back on the job at the Lawyers gold-silver mine in the Toodoggone district of northern British Columbia. An agreement in principle was reached April 17 between Cheni Gold Mines (T…
Placer Dome, Inco, Corona buy Musselwhite interest
The 23.95% interest in the Musselwhite gold project that Esso Minerals Canada had for sale has been purchased by its joint venture partners: Placer Dome (TSE), Inco Ltd. (TSE) and Corona Corp. (TSE). …
Sleeper mine produced gold at $103 (US) per ounce in ’88
Few North American mining operations produce gold as cheaply as the Sleeper mine in northern Nevada where 1988 cash costs were $103(US) per oz including silver credits. For mine owner Amax Gold (NYSE)…
Suntac resumes drilling at Polaris-Taku
The 1989 exploration and development program by Suntac Minerals Corp. (VSE) is under way on the Polaris- Taku mine project with the first three surface holes returning impressive gold values. Last fal…
Forget looks for best deal in Agnico/Dumagami merger
A Montreal businessman has hired an investment firm to help champion the rights of Dumagami Mines’ (TSE) minority shareholders should the company merge with Agnico-Eagle Mines (TSE). Jacques Forget en…