First Toronto, Pacvest in amalgamation
A new company, First Toronto Mining (TSE), has been created through the amalgamation of First Toronto Capital and Pacvest Capital. Shareholders of First Toronto will receive one share of the new compa…
News
Stratmin secures funds for graphite project
A Swiss company, Alpha Securities AG, has agreed to invest $1.5 million in Stratmin Inc. (ME) in return for about 1.4 million A shares of the latter valued at $1.10 per share, Stratmin reports. The su…
Gunsteel aims for 1989 start-up of Nugget project
With permitting and study of a tailings disposal system in progress, Gunsteel Resources (VSE) is currently negotiating financing for the installation of a 100-ton-per-day modular mill to be operationa…
Editorial Inco pays its way
Inco certainly marches to the beat of a different drummer. After declaring a special dividend that will put it $1.5 billion in debt, there were legitimate questions raised about whether the company wa…
Inco plans to spend $500 million to cut acid rain emissions
Inco Ltd. (TSE) has advised the Ontario government that it will spend nearly $500 million over the next five years to reduce sulphur dioxide (SO2) emissions from its Sudbury, Ont., smelter complex. Em…
Vancouver Stock Exchange (January 09, 1988)
When trading finished on the last business day of 1988, the VSE Index closed at 792.72 points, off 31.1% for the year. Unlike the Toronto or Montreal Exchanges, which managed to regain at least some o…
Montreal Exchange (January 09, 1988)
Investors must have been pre- occupied with other activities during the year-end holiday festivities; daily trading volumes during the shortened week ranged from a lowly 2.2 million on up to 3.5 milli…
Chelsea, Beardmore in joint venture
A letter of intent has been agreed to by Chelsea Resources (VSE) and Beardmore Resources (VSE) to enter into a joint venture for the exploration and development of the former’s Gold Hill property in M…
Jury remains out as LAC drifts into Queenston’s Kirkland bet
It could be any hour of any day in any week when Queenston Gold Mines (TSE) gets a call from LAC Minerals (TSE) to say that mineable ore has been encountered deep beneath the Kirkland West property ne…
American Barrick to option Glen Auden gold bet
An option agreement is in the works which will see American Barrick Resources (TSE) acquire control of a large gold property owned by Glen Auden Resources (TSE) and Goldrock Resources. Thomas Skimming…
Metal Prices PRODUCER PRICES (January 09, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.12 per lb. (Dec 22, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Cliff, Canaustra merger given vote of approval
An expanded and newly financed Cliff Resources (TSE) is the result of a recent amalgamation of that company with Canaustra Gold Exploration (VSE). A majority of shareholders in both companies voted th…