Anglo Canadian closes MWF deal
Anglo Canadian Mining (TSE) says it has completed the acquisition of a 51% stake in a group of claims located between Falconbridge Gold’s (TSE) Owl Creek and Hoyle Pond gold mines in Matheson, Ont. Kn…
News
CIM holds seminar in Kirkland Lake
The core shack seminar will be held at the Northern College of Applied Arts & Technology in Kirkland Lake, Ont., April 18-19. Malcolm Slack, director of the Kirkland Lake Branch of The Canadian Instit…
Douay drilling
New drill results from the Douay gold project in Quebec’s Casa Berardi area were expected to be released by operator Inco (TSE) shortly after presstime. Inco and project partners Societe d’Exploration…
Shareholder wants a better deal
The shareholders of Muscocho Exploration should at least be given the right to vote on the recent “acquisition” of the Magnacon and Magino properties by Echo Bay Mines (T.N.M., Jan. 8/90). To my knowl…
Cameco, Shore Gold set to open gold mine near La Ronge, Sask.
Production is scheduled to get under way early this month at the small, high-grade Jasper gold mine owned by Cameco and Shore Gold Fund (ASE) in northern Saskatchewan. Situated about 35 miles north of…
FREE MARKET (April 02, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 Copper 1579-1581 1592-1593 1650-1652 1671-16…
IOCC GOLD OPTIONS (April 02, 1990)
Options Open Series Volume Last Interest May 390 C 848 4.40 544 May 400 C 808 3.00 1,140 May 410 C 820 2.00 1,772 May 420 C 1,071 1.30 3,383 Aug. 390 C 514 12.70 25 Aug. 400 C 858 10.00 693 Aug. 420 C…
International Platinum puts Kirkland Lake project on hold
After intersecting 90 ft. of mineralized veining grading 0.26 oz. gold per ton on the Goodfish property near Kirkland Lake (T.N.M., March 19/90), International Platinum (TSE) has decided to give the p…
Denison uranium production to drop by 37% in two years
Toronto-based Denison Mines (TSE) says it is cutting its Elliot Lake, Ont., workforce by 450 and trimming uranium production by about 37% to keep the operation economically viable. Scheduled to be com…
Minerals rank third in Noranda earnings
In terms of divisional earnings, minerals fell to third place last year behind forestry and manufacturing for the diversified resource giant Noranda (TSE). Noranda Minerals reported lower earnings of …
Westray awaits needed funding
A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert, a New York brokerage was in the process of floating a “junk bond” issue for Curragh Resources of T…
Deak Res. completes Kerr mill purchase
Total consideration paid to creditors of bankrupt Golden Shield Resources by Deak Resources and GSR Mining is valued at about $10.6 million, Deak reports. In addition, eight million shares of GSR are …