Lencourt offering to fund Africa deal
Toronto-based Lencourt (TSE) is planning to raise $4.6 million to acquire African mining company Sominki and its Belgian subsidiary through a private offering of common shares. Lencourt says a limited…
News
Girard leaves Cheni Gold Mines
Paul Girard has resigned as president and chief executive officer of Cheni Gold Mines (TSE), a Vancouver-based junior that owns and operates the profitable Lawyers gold mine in the Toodoggone district…
Metal Prices (April 30, 1990)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Apr. 24 Apr. 23 Apr. 20 Apr. 19 Apr. 18 Copper 1583-1585 1578-1580 1580-…
Total options properties near Douay project
Some exploration results reported recently from Vezza and Douay townships in northwestern Quebec have persuaded Vancouver-based oil and metals explorer Total Energold (TSE) to move into the region. Ac…
Letters to the Editor `Carte blanche’ for insider traders
I was quite disturbed with your editorial “Showdown at the VSE” (April 16/90). I publish one of the few investment newsletters in the U.S. devoted to the Canadian investment scene. The very reasons yo…
Muscocho agreements
At a recent public hearing, the Ontario and Alberta securities commissions ruled that Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) be exempted from issuer …
COATS (over-the-counter) Windy up 50 cents
Shares of Windy Mountain Explorations responded positively to confirmation of a large, low- grade copper discovery on the MacLeod Lake property north of Chibougamau, Que., jumping 50 cents to close at…
Franco-Nevada’s 1990 plans focus on Hemlo gold claims
An after-tax profit of $3.5 million reported recently by Franco- Nevada Mining (TSE) was attributed by the company to a royalty held on American Barrick Resources’ (TSE) Goldstrike gold mine in Nevada…
Giant, Pamorex set production date at Nighthawk Lake
Commercial production on the Nighthawk Lake property near Timmins, Ont., will be under way within two years, according to a recent agreement between Giant Yellowknife Mines (TSE) and property owner Pa…
Pay contract terms of Childers leaked
The president of Potash Corp. of Saskatchewan has a 5-year contract which pays him $700,000 per year. Details of C.E. Childers’ salary agreement with the Saskatchewan government were recently leaked t…
Ontario prospectors to get $30 million in exploration incentives
Ontario has allocated $30 million in incentives for mineral exploration in the province over the next three years. Provincial Treasurer Robert Nixon included the allocations in his 1990-91 budget unve…
No plans to close producing mine, Skyline says
Gold producer Skyline Gold (TSE) has no plans to close its wholly owned Johnny Mountain mine in the Iskut River camp of northwestern British Columbia. Skyline President William Price said rumors of an…