Cash-hungry Mingold finds partner
At first glance, the recent marriage of a private Toronto company called Mingold Resources with tse-listed Golden Range Resources looks like any other back- door acquisition agreement. In need of cash…
News
McAdam updates reserves at its McWatters gold bet
An updated gold reserve figure of 910,869 tons at a grade of 0.189 oz gold per ton is reported by McAdam Resources, at its McWatters project near Noranda, Que. President John McAdam says surface drill…
Golden Princess in California bet
Golden Princess Mining has agreed to acquire a 55% interest in the Gold Cliff property near Angels Camp, Calif., about 80 miles from San Francisco. According to the company, “the economics of the prop…
Aiming for 15,000 oz in `88 Gordex achieves TSE listing
Shares of New Brunswick’s only primary gold producer, Gordex Minerals, began trading on the tse this week. “Our entry into the Toronto Stock Exchange, increases the market visibility of the company,” …
Tin price shows steady strength after cartel’s collapse
Better times may lie ahead for tin, which fell drastically in price following the collapse of the International Tin Agreement(ita) beginning in October, 1985. Traditionally used in the manufacture of …
Metal Prices FUTURES PRICES (January 25, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 126.30 124.50 124.75 — 2.55 Mar 113.30 110.90 …
Zahavy begins $3 m program
A $3-million underground exploration program has begun on the Favourable Lake, Ont., gold property controlled by Zahavy Mines. Zahavy is an affiliate of Noramco Mining Corp. The program will focus on …
Chamber meeting held again with Cordilleran Roundup
The 76th annual general meeting of the British Columbia and Yukon Chamber of Mines is scheduled for Feb 3 at the Pacific Ballroom in the Hotel Vancouver. The meeting will be held in conjunction with t…
Second underground program in N.S. for Northumberland
The main shaft of one of the earliest gold mines in Canada, the Goldenville mine in Nova Scotia, will be the subject of a $1-million underground exploration program starting this week. Property owner …
INVESTMENT COMMENT Delaware’s Snip venture with Cominco gives it
While Toronto-based Brown, Baldwin, Nisker Ltd. usually reserves its judgment for larger gold mining concerns, it has come up with a research report on what it calls an exciting junior play with lots …
Gold search leads in Ontario
The search for gold remains pre- eminent among Ontario’s prospectors and developers. More than $153 million or 44% of the provincial expenditures on exploration and development was spent on the search…
News in Brief (January 18, 1988)
Monte Carlo Gold Mines has announced it will be issuing bonus warrants to common shareholders of record Jan 7. Each bonus warrant will entitle the holder to purchase one additional common share at $3 …