Nexus, Angle and Reward amalgamate
Subject to shareholder and regulatory body approval, Nexus Resources, Angle Resources and Reward Resources will amalgamate to form one company to be known as Nexus Resource Corp. Shareholders of Nexus…
News
Queries O’Brien still under OSC investigation
Can you tell me what happened to O’Brien Energy. The company was listed on the Toronto Stock Exchange, but it disappeared about a year ago. Its chief interest was a geothermal deposit in Nevada which …
Bentley plans production at California gold mine
Breathing new life into the former producing Bagdad Chase gold mine, Bentley Resources is working towards starting up a 350-ton-per-day operation in October this year. The mine, located in the Mojave …
Hope Brook earnings
Net income of $591,000 (2 cents per share) was recorded by Toronto- based Hope Brook Gold for the five- month period ending Dec 31, 1987. Cash provided by operating activities totalled $674,000. Hope …
Agnico-Eagle denies claims of withholding information
Claims by Noranda Inc. that exploration information about a gold property in northwestern Quebec was withheld prior to the sale of shares in one of the companies involved have been denied by Agnico-Ea…
Falconbridge, Minnova sued by Opawica over mine royalty
A lawsuit launched against Falconbridge Ltd. and Minnova Inc. dominated discussion at the annual meeting of Toronto-based Opawica Explorations. Opawica, former owner of the Lac Shortt gold mine proper…
Correction (February 29, 1988)
Equinox Resources has an option to earn a 60% interest in the Maude Lake gold deposit in Ontario. The deposit contains reserves of more than one million tons grading 0.2 oz gold per ton, not 0.1 oz as…
Employees end strike at Lac mine
Hourly employees at Lac Minerals’ Bousquet mine near Malartic, Que., have voted 80% in favour of accepting a new three-year collective agreement, the company said recently. The 262 employees represent…
Lead/zinc meetings
The 60th annual meeting of the Lead Industries Association and the 70th annual meeting of the Zinc Institute will open April 11 in Chicago. The 3-day lead/zinc affair will cover marketing and supply-d…
Toronto Stock Exchange Sliding bullion prices pull resource issues
A crashing gold price, which erased 232.13 pts from the tse’s gold and silver index today, was the only highlight in a generally lacklustre trading week. Bullion tumbled through the $440-mark to $435….
Walter Baker named Prospector of the Year
Walter Baker, an 83-year-old Kirkland Lake prospector who first suggested to Donald McKinnon that claims around the cpr whistle-stop of Hemlo might be worth looking into, has been named Prospector of …
COATS Trading Features (February 29, 1988)
The volume leader on coats this week was Tarzan. Trading more than 450,000 shares, the issue hit $1.25 at the high. Tarzan’s exploration projects, which are run by well- known geologist Robert Middlet…