Montreal Exchange Trading action brisk
Investors were out in strong force during the week, with daily trading volumes ranging between 6.2 million and 9.75 million shares, and both the market portfolio and mining and minerals index capturin…
News
INSIDER TRADES (January 30, 1989)
American Ore — G. Oughtred bought 800,000 (Niv) @ 30 cents to hold 905,000. Bitech — Pamiba Est. sold 100,000 (Dec) @ 33 cents to hold 457,754. Broulan — H. Grightmire bought 30,000 (Dec) @ $1.62 …
Metal Miners welcome the pressures of prosperity
Mining companies are riding the crest of the economic cycle these days, operating near full capacity and getting the best prices in years for most metals. Base metal miners are enjoying prosperity the…
Galore Creek area very active
Sparked by a number of important gold discoveries in recent years, exploration activity in northern British Columbia has reached record levels — and it could get busier. The latest region to heat up …
Ore Reserve Increase at Gabanintha Mine (January 30, 1989)
A reassessment of the ore reserves at the Gabanintha mine by Dominion Gold Mines of Australia has increased the reserves now drilled out in the current mining area to over 2.2 million tons at an in si…
Michele Gold examines Midland Nickel Corp.
Michele Gold Mines (VSE) has acquired a 6-month property examination right on the Midland Nickel Corp. 7-claim property in Pardee Twp., Ont. The nickel-platinum group metals property is near Thunder B…
Dumagami’s new mine a winner for Agnico
With a 10-year ore supply already in sight and its spanking new 2,000- ton concentrator operating right up to expectations, the Donald J. LaRonde gold-copper-silver mine of Dumagami Mines (TSE) is loo…
Cliff Resources completes merger
Cliff Resources (TSE) of Toronto reports that it has achieved final completion of its merger arrangement with Canaustra Gold Exploration (VSE). The merger, given shareholder approval earlier this mont…
Vancouver Stock Exchange Base metal plays perk up trading
No one’s calling it a rally yet, but recent activity on the VSE is definitely beginning to percolate. Although a spate of profit-taking is causing some downward pressure on a few of the more active go…
Battle Mountain options NWT gold property –
A third company has been signed up by joint venture partners Gunnar Gold (TSE) and Mill City Gold (ASE) to explore their 100%-owned Courageous Lake gold property, 150 miles northeast of Yellowknife, N…
Falconbridge to keep shares held by McIntyre for moment
A plan of arrangement allowing shareholders of McIntyre Mines (TSE) to exchange each of their shares for either $64 cash or around 2.52 Falconbridge Ltd. (TSE) common shares, received both shareholder…
Glencairn seeks financing after Aur deal terminates
Glencairn Explorations (ASE) is seeking financing required to place its Feijao Cru diamond property in production. Located in Brazil, the Feijao Cru property hosts alluvial diamond bearing gravels whi…