Montreal Exchange St. Genevieve on move
Montreal-based St. Genevieve Resources, in a buying mood last year when it acquired a significant shareholding in Louvem Mines, now says it is seeking to purchase the outstanding balance of Louvem sha…
News
Hedley Pacific plans work on Nickel Plate
A $60,000 work program is planned by Hedley Pacific Mining on its three claims located on Nickel Plate Mountain near Hedley, B.C. The claims adjoin those of Mascot Gold Mines and Golden North which jo…
Gold loan of one million oz helps Newmont reduce debt
A gold loan of one million ounces, worth about $448 million(US), has been arranged by Newmont Mining of New York, the proceeds to be applied against the company’s $1.6-billion debt load. The loan, arr…
Canamax releases results from 1987
With one new mine in production and four more in the pipeline, Canamax Resources of Toronto is entering its second year as a fully- fledged gold producer. For the year ended Dec 31, the company report…
Jerome, Muscocho earmark $8 million for Jerome mine
Joint venture partners Jerome Gold Mines and Muscocho Explorations are making a big push this year to find out if the old Jerome gold mine in northeastern Ontario’s Swayze area can be revived. The for…
COATS Trading Features (February 22, 1988)
Volumes were lacklustre on coats this week, as most issues traded less than 25,000 shares. Black Cliff Mines was firm at 65 cents . The company and partner Essor Ex ploration have completed surface fa…
Toronto Stock Exchange Firming dollar and confidence bolster
Spurred by improved U.S. trade deficit figures and a growing belief that the U.S. dollar has bottomed out, a degree of confidence crept back into the markets this week — albeit on miniscule volume. T…
Cons. Boundary plans more work on B.C. bet
The second stage of an underground exploration program will be carried out this season on Consolidated Boundary and Grand Forks Mines’ Golden Crown property east of Greenwood in southern British Colum…
Skylark to drill Carlin property
A drilling program is being planned by Skylark Resources for the company’s Pan gold property located near Carlin, Nev. The drilling will begin following the completion of a geophysical survey designed…
United Gunn shares Cuisson Lake profits
A 30% equity interest in Cuisson Lake Mines has paid off for United Gunn Resources in 1987. The company’s share of profits from Cuisson Lake’s earnings amounted to $950,000. United Gunn repaid its deb…
Mooseland gold triples, Acadia
As expected, Donald Smith, president of Acadia Mineral Ventures of Toronto has increased the reserve estimate on the company’s Mooseland property in Nova Scotia. Speaking at a meeting of Maritime inve…
Nicholson back with RFC
Armed with a private placement of $4 million, Douglas Nicholson is back in business. The well-known ex-mining analyst and architect of the successful MFC Mining Finance Corp., has started another vers…