Coxheath ponders alternatives for Tangier
It has been an expensive lesson, both for the 120 local people who were laid off in Nova Scotia last spring and for Coxheath Gold Holdings (TSE) which now owes several creditors who lease equipment to…
News
IOCC GOLD OPTIONS (October 30, 1989)
Options Open SeriesVolumeLastInterest Nov 360 C .22011.002,917 Nov 370 C .256 5.502,175 Nov 380 C .223 1.503,060 Feb 370 C .16814.00 383 Feb 380 C * 77 9.50 709 Feb 390 C .165 6.50 624 Feb 400 C * 4…
Crown Resources acquires Nevada properties
Denver-based Crown Resources (VSE) recently acquired a 100% interest in two Nevada properties owned by Freeport-McMoRan Gold (NYSE). According to Mark Jones, chairman of Crown, the properties have exc…
IMPM conference papers in new book
Some 50 papers presented at the 13th annual International Precious Metals Institute conference have been compiled into a book, now available from the institute. It is edited by Dr Bryn Harris of the N…
Editorial Ontario’s Mining Act
For the past 14 years Ontario has fiddled with its 83-year-old Mining Act, trying to bring it in line with current industry practices yet allowing it the flexibility to deal with concerns that are lik…
Managing Canada’s Mines Reopening a shutdown mine can pose unique
Reopening a long shutdown mine can be no easy task. Problems include enlarging undersized drifts and emergency exits and 1606 replacing lip pockets with ore and waste passes. Besides, there are often …
Kap Resources to explore iodine bet in northern Chile
Vancouver-based Kap Resources (VSE) is planning to spend about $300,000 this year to explore a Chilean property it considers promising for the production of iodine. The company recently acquired an in…
Galactic gets funds
Galactic Resources (TSE) has received proceeds of $12.58 million from a private placement of units completed by Yorkton Capital Markets (Overseas) Ltd. Each unit is exchangeable for one common share a…
Toronto Stock Exchange Indices (October 30, 1989)
1989 Oct 24Oct 23Oct 20Oct 19Oct 18HIGH LOW Composite “300”3899.133912.153954.793969.663929.514037.833353.13 Metals & Minerals3499.413470.323542.703587.983551.333919.203207.50 Integrated mines364…
Montreal Exchange Seniors in favor
A period of volatile trading has overtaken the stock market, moving investors to side with the cautious crowd. That the top trading stocks this past week were mainly “seniors” bears out this observati…
Golden Terrace to merge assets with Stan North
Soft gold prices and a lack of interest in the junior exploration market have combined to bring Toronto-based explorers Golden Terrace Resources (TSE) and Stan North Mining together in a proposed merg…
COATS (over-the-counter) Carolin drops 10 cents
Several junior gold exploration issues gave up some ground on COATS this week. Slipping by 10 cents was Carolin Mines which closed at 35 cents after a total of 22 trades. The shares of Dartmouth-bas…