Letter to Editor Kiena offer too low
Regarding the amalgamation of Kiena Gold Mines with Placer Dome Inc., it has to be the largest steal of the century. Mr Hick, Placer’s secretary, states the share exchange represents a 15% premium to …
News
World uranium output declines in ’87
Total production of uranium by non-Communist countries decreased in 1987 compared with the year before, with three of the top four producing nations — Australia, South Africa and the U.S.A. — showin…
People (April 11, 1988)
Malartic Hygrade Gold Mines (Canada) — Marc C. Henderson appointed president and chief executive officer succeeding Jack Belton, who is retiring, but remains a director. Ross D. Parry elected chairma…
News in Brief (April 11, 1988)
Geodome Resources has changed its transfer agent to Royal Trust Co.
Golden Pheasant program
A geophysical survey has been completed by Golden Pheasant Resources on a property in Carman and Langmuir twps., Ont. A priority exploration target is an anomaly associated with a drill hole completed…
Market info added
For the benefit of our market- oriented readership, all highlighted company names appearing in stories will be followed by a two- or 3-letter designation identifying the stock exchange on which the co…
Jonpol, T & H bid
Two Toronto-based companies, Jonpol Explorations (TSE) and T & H Resources (TSE), have proposed a takeover bid for Newfield Mines (COATS) of Toronto. The two companies are offering to buy up to 750,00…
Golden Zone deal
Golden Zone Developments (VSE) has acquired an option to earn a 46.65% interest in the Big Hurrah gold property near Nome, Alaska. The property hosts reserves of 380,000 tons grading 0.45 oz gold per …
Annual gold output 650,000 Royex companies amalgamating
An amalgamation of five companies within the Royex-Corona group will create a Canadian gold- mining firm with annual production of 650,000 oz. The five companies involved are Royex Gold Mining (TSE), …
Acquisition by Pine Point will keep company going.
Loyal shareholders of Pine Point Mines (TSE) should be relieved to learn the company will be around for a while longer. The 50.1%-owned Cominco subsidiary recently agreed to acquire a 33% interest in …
Audrey’s Mobrun lens guarantees new mill
Partners Audrey Resources (TSE) and Minnova Inc. (TSE) have turned up yet another important discovery at the Mobrun polymetallic mine near Rouyn-Noranda, Que., The Northern Miner has learned. Operator…
New partner for Sikaman in West Africa gold venture
Within months of a production decision for a gold mining property in Ghana, West Africa, a change in the membership of the project’s joint venture partnership has occurred. Remaining as a major shareh…