Hudson Bay to redeem debentures
Hudson Bay Mining and Smelting plans to redeem its 9% debentures mat uring on June 15, 1991, and its 10.5% sinking fund debentures maturing on Dec 15, 1995. The redemptions will be made at 101% of the…
1986
Toronto Stock Exchange Investors take breather on quiet holiday
With investors taking a breather over the holiday period, the market ends this short Christmas week on a quiet note. At noon the widely followed composite 300 was off 1.91 pts to 3,042.66, but that’s …
Experimental work by Mosquito Creek
An experimental mining program is under way at the Mosquito Creek Gold Mining property in the Wells- Barkerville area of B.C. The work follows closely the termination of its option agreement with Hecl…
Moneta completes flow-through offer
A first closing on a flow-through share offering by Moneta Porcupine Mines will raise $1 million for the company. The funds will finance exploration on several properties held by the company. In Micha…
First gold production from Grandview’s Carson Hill mine
The first gold pour has taken place at Grandview Resources’ Carson Hill project, 120 miles east of San Francisco, Calif. The dore bar contained 254 oz gold, says the company. Grandview forecasts 1987 …
Timmins tailings plan gets OK
Some 140 million tonnes of tailings, the product of more than 75 years of gold mining in the Porcupine area, are going to be retreated by ERG Resources, making it one of the major gold producers in Ti…
Correction (December 29, 1986)
In the Dec 8 issue it was reported in the Insider Trading section th at Muscocho Expl. bought 100,000 shares of Mascot Gold Mines to hold 600,000. This is incorrect and was due to a missing line of ty…
Vancouver Stock Exchange Settlement date unsettling
There might be a little “Christmas Cheer” on the floor of the Vancou ver Stock Exchange but it’s not because the market is all that positive. Despite the pressure of Christmas shopping, investors stil…
Odessa looks for early cash flow
Developing early cash flow from its Birchville property in California is the prime objective of Odessa Explorations which says about $200,000 will be spent on the project in 1987. The property hosts s…
Almaden options Steep Rock bet
Almaden Resources will be taking a shot at Steep Rock Resources’ Kin g Bay gold property located on the shores of Sturgeon Lake, Ont. Almaden has the right to earn a 100% interest in the property by s…
Golden Caribou relinquishes Holman option
Golden Caribou Explorations has agreed to relinquish its option on t he Holman mine in Nova Scotia to the optionor, John Logan Enterprises for $750,000. This sum is payable $250,000 on or before Feb 2…
Editorial Metals take a back seat
From the point of view of the mining industry, there was only one thing that marred the epic flight of the Voyager superlight aircraft around the world. The aircraft itself, which has become the first…