Most successful Conwest marks 50th anniversary
One of the most successful resource companies in Canada today, Conwest Exploration (TSE) will be celebrating its 50th anniversary next month. A success story from Day One, it is something of a chronic…
News
Breakwater says financing available for acquisition
With $36.4 million in working capital and its bank debt paid off, Breakwater Resources (TSE) has the financial clout for a major acquisition — and the target could be Asamera Inc.’s (TSE) minerals di…
Denison has sold its interest in Standard Trustco
After failing at the first attempt, Toronto based Denison Mines (TSE) has sold its 44.8% interest in Standard Trustco Ltd. to Roman Corp. for $71.6 million, the company said recently. The new $22.95 p…
Northgate remains quiet on acquisition rumors
Since Northgate Explorations (TSE) sold its Chibougamau, Que., gold/copper mines to Western Mining of Australia in December for $160 million, the question most asked around the Northgate offices is “w…
Alberta Sotck Exchange Mohave trades high
An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…
Muscocho/Echo complete deal
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
Beardmore mill offically open
Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…
Rio Algom and Falconbridge win safety, first aid awards
Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…
Atlantic Report Tin operation back on track
The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…
News inBrief (May 09, 1988)
New Century Resources (VSE) has executed an option with Buxton Placer Exploration to acquire a 50% interest in certain placer leases in the Likely area of British Columbia. Because of uncertainties re…
Metal Prices FREE MARKET (May 09, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 3 May 2 Apr. 29 Apr. 28 Apr. 27 Copper 1184-1186 N/A 1140-1142 1100-1110 1146-1147 Lead …
INSIDER TRADES (May 09, 1988)
Agnico-Eagle — P. Penna bought 200,000 to hold 266,152. Amer Barrick — J. Garbutt sold 22,644 to hold 4,200. Aurora Corp — L. Payton bought 13,500 to hold 53,500. Cominco — Teck Corp bought 456,40…