International banks loan Cameco $650 million
Cameco — A Canadian Mining and Energy Corp., has arranged a $650-million loan with a consortium of 11 Canadian and foreign banks. The cash will be used to repay promissory notes issued at the time of…
News
International Baron signs deals at three U.S. plays
Vancouver-based International Baron Resources (VSE) has followed up its $400,000 initial offering by signing option agreements on three United States gold properties. In the first, International Baron…
BREAKING NEW GROUND ANSIL
A new mine is gearing up for production during the first quarter of this year in northwestern Quebec and — believe it or not — it is not a gold property. Rather, it is the massive sulphide Ansil co…
BREAKING NEW GROUND BEAUCHASTEL
More than half a century after it was first known to contain gold mineralization, the Beauchastel property, near Rouyn-Noranda, Que., is about to become a producer. The property’s owner and developer,…
Editor’s Note A WELL-KEPT SECRET
People who trumpet their achievements loudly and long tend to get a might tedious after a while. Industries commit the same petty crime sometimes. In mining, fortunately, we have modest, self-effacing…
1988 was a year filled with achievement for Cassiar Mining
It’s been a year of considerable achievement for Jim O’Rourke and Cassiar Mining (TSE) whose diversification out of asbestos into copper couldn’t have been timed better. The company finalized the purc…
Investment Comment Unpopular bond a buy?
Investors hunting for bargains among the lesser known gold mining companies might find Bond International Gold (TSE) an intriguing situation. This company is part of Australian businessman Alan Bond’s…
Alberta Stock Exchange (January 02, 1989)
In a week when investors were still enjoying the Christmas vacation, volumes were seasonally light and only a handful of issues made any real progress. As losses far outweighed the number of gains dur…
Octan completes Terra mine deal (January 02, 1989)
Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…
Editorial Looking ahead to 1989
Crystal-ball gazing is a hazardous occupation, but once every winter, as we cross the threshold into a new year, we indulge our inclination to tell the universe just how we expect it will unfold. If t…
Editorial Low, low interest rates
The following is taken from a recent presentation by Donald Worth, vice-president of the mining specialist group for the Canadian Imperial Bank of Commerce, at a seminar for brokers and market watcher…
Agnico ups stake in Dumagami to 42%
Toronto-based Agnico-Eagle Mines (TSE) has increased its direct ownership in Dumagami Mines Ltd. (TSE) to 42% by acquiring an additional 16% stake in the company from Mentor Exploration and Developmen…