Barrick unveils $365-million Nevada mine plan
Toronto-based American Barrick Resources (TSE) is about to embark on one of the most ambitious mine development programs ever undertaken by any Canadian gold producer. Over the next four years the com…
News
Roddy settles debts issue
The board of directors of Roddy Resources (TSE) has approved the settlement of debts owing to the company’s chairman, Walter Callum. Under the settlement, subject to all required approvals, Callum wil…
FINANCING (January 16, 1989)
VANCOUVER Bellwether Res Ltd — rt exerc on 175,000 @ 55 per sh. Moongold Res Ltd — 600,000 sold for gross $210,000. West Pride Ind Corp — rt exerc on 457,266 @ 66 per sh. Mishibishu Res Ltd — 1,…
COATS Trading Features (January 16, 1989)
Falconbridge Gold, a recent newcomer to COATS, saw 40,000 of its shares traded in the $3.25-$4.50 range this week. The company is spinoff of the giant Sudbury nickel miner. Augdome Corp. was up slight…
Volatile zinc prices likely to stay high
With demand strong and supply at record levels, zinc is trading at fancy prices today. The base metal, which averaged about 54 (US) per lb last year, was recently trading for 76 on the London Metal E…
CoCa, Geodome merger planned this quarter
The proposed merger of CoCa Mines (NASDAQ) and Geodome Resources (NASDAQ) could be completed in the first quarter, said CoCa President Hugh J. Matheson. The deal will require the approval of the holde…
Tundra drilling (January 16, 1989)
A major drill program totalling more than 110,000 ft is scheduled to begin this month on the Lamaque gold project owned by partners Teck Corp. (TSE) and Tundra Gold Mines (VSE). The program, expected …
Lackluster year of trading on ME
Trading activity on the Montreal Exchange in 1988 was comparable to 1986 levels, says the exchange, which saw its general market portfolio index gain about 6.5% last year. “While the October, 1987, cr…
MacDonald ponders future of Gallen
The new directors of MacDonald Mines Ltd have changed the name of the mining company to MacDonald Mines Exploration (COATS). The company took on a new life last year (N.M., Sept 5/88) when shareholder…
Production decision at Farley in ’89
A production decision for the Farley Lake gold deposit near Lynn Lake in northern Manitoba could come in 1989 if the results of a recent feasibility study are positive. A 12,000-ton bulk sample has be…
Rio Algom buys 22% stake in Vancouver gold company
Toronto-based resource giant Rio Algom Ltd. (TSE) has emerged as the largest shareholder in an unlisted gold exploration company called Pan Orvana Resources. In a bid to access some joint venture oppo…
Goldbank acquires Kamloops prospect
Calgary-based junior capital pool company Goldbank Ventures (ASE) has acquired a polymetallic property in British Columbia’s Kamloops mining division. Goldbank recently staked the 134-claim Mila prope…