Letter to Editor Kiena offer too low
Regarding the amalgamation of Kiena Gold Mines with Placer Dome Inc., it has to be the largest steal of the century. Mr Hick, Placer’s secretary, states the share exchange represents a 15% premium to …
News
Dickenson Mines plots new strategy for growth
A change in image is in the works for Dickenson Mines (TSE). The Toronto-based company, incorporated in 1945, is known basically for its operation of the Arthur W. White gold mine near Red Lake in nor…
Rockford group, Gold Vessel Res in agreement
A letter of intent has been signed between companies in the Rockford Group and Gold Vessel Resources (ASE). Members of the Rockford Group include Rockford Minerals (TSE), Northfield Minerals (ASE) and…
Tyranex takeover planned by Gunnar
A takeover offer has been made by Gunnar Gold Inc. for all the issued and outstanding shares of Tyranex Gold. Gunnar is offering three Gunnar shares and a $2 debenture for each four shares of Tyranex …
Spirit Lake planning summer drill program
Encouraging drilling results have been reported by Spirit Lake Explorations (ME) from a winter program carried out at the company’s Edwards prospect in Jacobson Twp., located 20 miles northeast of Waw…
With adit in place Geddes targets Windy Craggy ore
Toronto-based Geddes Resources (TSE) has almost completed a 7,000-ft adit at the Windy Craggy copper-gold-cobalt-zinc project in northwestern B.C., shareholders were told at the company’s recent annua…
Investment Comment Strong lead, zinc base making Cominco a buy
An expected end to the recent copper “boom” may not be music to the ears of Cominco Ltd.’s Vancouver-based executives. With an output of 194 million lb in 1987, Cominco was Canada’s second- highest le…
Alberta Stock Exchange Lacklustre session
In a relatively uneventful trading session, International Baslen Enterprises topped the list. With 422,500 shares changing hands the issue gained 15 cents to close at 93 cents . International Baslen …
Drill heads for Sullivan target
Drilling is scheduled to start this week on a single 5,000-ft hole near Cranbrook, B.C., in similar geological terrain as that which hosts the Sullivan lead-zinc-silver mine. The hole, which is estima…
Gold strategy pays of in Moinorco’s balance
Debt free and equipped with just under $900 million(US) for precious metal acquisitions, Luxembourg-based Minorco (NASDAQ) has confirmed its new precious metals acquisition strategy by investing in tw…
Annual gold output 650,000 Royex companies amalgamating
An amalgamation of five companies within the Royex-Corona group will create a Canadian gold- mining firm with annual production of 650,000 oz. The five companies involved are Royex Gold Mining (TSE), …
Acquisition by Pine Point will keep company going.
Loyal shareholders of Pine Point Mines (TSE) should be relieved to learn the company will be around for a while longer. The 50.1%-owned Cominco subsidiary recently agreed to acquire a 33% interest in …