Kingswood bullish on Devon results
Toronto-based Kingswood Explorations (ASE) says it is planning to begin drilling Coulson Resources’ (ASE) Devon mine property east of Timmins, Ont. following a takeover bid for Coulson. Pending shareh…
News
Tarzan in Joburke
Tarzan Gold (ASE) has entered into an agreement with Noranda Inc. (TSE) which gives Tarzan the right to earn a 50% interest in Noranda’s Joburke property near Timmins, Ont. Tarzan can earn the interes…
FINANCING (October 10, 1988)
ONTARIO Markbridge — final rec iss offer 460,000 @ $1.40 per sh to net proceeds $322,000. VANCOUVER Avondale — gross proceeds rec $157,500. Jacqueline Gold — 400,000 sold for gross $160,000. Kyber …
Metal Prices (October 10, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Oct 4 Oct 3 Sept 30 Sept 29 Sept 28 Copper 1535…
Rouyn, Lac mining gold at Francoeur
Production at a rate of 450 tons per day has officially begun at the Francoeur gold mine, near Rouyn Que., equal partners Rouyn Mining Resources (TSE) and Lac Minerals (TSE) say. For the first six mon…
INSIDER TRADES (October 10, 1988)
Black Cliff — N. Kacira bought 30,000 (Aug) to hold 96,000. Cominco — Teck Corp. bought 1,217,400 (July) to hold 3,995,082. Denison — Estate of S.B. Roman holds 751,244 class A; 826,368 class B sha…
Esso Minerals Canada for sale
The assets of Esso Minerals Canada, recently put up for sale by parent Imperial Oil (N.M., Sept 26/88) include several interesting gold prospects. In the Toodoggone area of northern British Columbia, …
People (October 03, 1988)
NEWMONT MINING CORP — Richard B. Leather elected vice- chairman.
La Teko Producing at Alaskan Heap Leach Operation
As Robert Service said, there are indeed “strange things done in the midnight sun by the men who moil for gold.” But even he would be hard pressed to find anything more unlikely than a heap leach oper…
Law DUE DILIGENCE
The phrase “due diligence” is familiar to most people in the business world, but how many people really know what it means? To the average business person, the phrase indicates an extensive, comprehen…
Specs SECURE GROUND
As our mines grow older, our miners are working in stopes which are deeper and deeper underground. Some stopes are 6,000 ft below surface and two new base metals discoveries in the Sudbury Basin — th…
Metal Prices PRODUCER PRICES (October 03, 1988)
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…