Homestake wins battle for North Amer. Metals
The takeover battle for North American Metals appears to be over with U.S. gold producer Homestake Mining emerging as the victor. By midnight April 15, shareholders had tendered approximately 5.4 mill…
News
Metal Prices PRODUCER PRICES (April 25, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Northgate, Whim do share swap
Northgate Exploration (TSE) has agreed to exchange its 3.8 million shares of Westfield Minerals (TSE) and 3.32 million options to purchase Westfield shares for an equal number of shares and options of…
Terra Mines focusing on Mexican interests
It’s out with the old and in with the new for Terra Mines (TSE), focusing attention on two gold projects in Mexico following the sale of its two Northwest Territories precious metal properties. The co…
Royex taking centre stage
When the Royex Mining group of companies announced its plan to amalgamate and form what could be Canada’s third largest gold producer, the story gained quite an audience but no one expected the show w…
Belmoral reports increased income
Net income of $2.25 million (6 cents per share) was reported by Belmoral Mines (TSE) for the first quarter of 1988, compared with $1 million (4 cents per share) for the same period last year. Revenues…
Lac, Queenston proceed on Kirkland West project
One of the most promising exploration plays in the Kirkland Lake, Ont., gold camp will undergo a major underground exploration program this spring. Following a series of discussions on a joint venture…
Goldplex drilling Courageous belt
A private Toronto-based company that went public last August when it raised $480,000, Goldplex Development Corp. (ASE) is currently concentrating its exploration activities on the Courageous Lake gold…
Continental acquires Trophy gold claims
Continental Gold Corp (VSE) has acquired a 100% interest in the Trophy gold property located 70 miles southwest of Dease Lake, B.C. The property covers 60 square miles of ground which was prospected l…
Amir, Glamis drill California gold bet
A 10,000-ft drill program completed by Glamis Gold (VSE) and Amir Mines (VSE) on lands they are joint venturing in Imperial Cty., Calif., has resulted in discovery of a new gold deposit, Amir Presiden…
La Sarre sued
La Sarre Mining Exploration (ME) of Rouyn-Noranda, Que., reports it is being sued by a private landlord for $305,806 for alleged damage to trees during an exploration program on La Sarre property in n…
N.W.T. gold production could leap to 580,000 oz
Two years from now, gold production from the Northwest Territories could be 50% higher than the 379,706 oz poured in 1987. The sudden increase hinges on plans by Neptune Resources Corp. (TSE) to build…