Takeover costs reduce earnings of Falconbridge
Expenses related to the recent takeover of Falconbridge Ltd. (TSE) led the major nickel producer to reduce its third-quarter earnings by $37 million. Noranda Inc. (TSE) and Swedish firm Trelleborg AB …
News
Aur, Louvem dispute makes operator status unclear at Louvicourt
Aur Resources (TSE) President Jim Gill recently attempted to downplay the effects that a legal dispute with partner Societe Miniere Louvem (TSE) could have on future development of their massive sulph…
Mazarin funding
Two government grants totalling $500,000 have been received by Societe d’Exploration Miniere Mazarin (ME), which is developing a graphite property near Fermont, Que., near the Labrador border. The Que…
Piedmont offering raises $2.8 m(US)
Piedmont Mining of North Carolina says it has raised $2.8 million (US) for exploration purposes from a recently completed rights offering. Under the offering, 1.45 million shares were purchased by Pie…
Hemlo Gold ups stake in Windarra
A recent private placement agreement between Hemlo Gold Mines (TSE) and Windarra Minerals (TSE) will see Hemlo Gold’s stake in Windarra increase to 30.4%, up from the previous level of 20.22%. Hemlo G…
Tarzan Gold and Golden Dragon agreement
Tarzan Gold (ASE) and Golden Dragon Resources (VSE) have entered into an agreement with Total Energold (TSE) where Total Energold can earn a 70% interest in 147 claims in Collet Twp., Que., by spendin…
Millar earns profit in Glamis share sale
Chester Millar, chairman of Vancouver-based Glamis Gold (TSE), recently earned $16,610 by selling a portion of his considerable stake in the company. According to a recent Ontario Securities Commissio…
FINANCING (October 23, 1989)
ONTARIO Whisper Lake Res — final rec iss offer 2,250,000 @ 40 cents per sh to net $556,312.50 CopperQuest — final rec iss offer 1,500,000 @ 21 cents per sh to net $300,000 VANCOUVER Black Rock Ne…
During 8 years of operating Pinson pays owners $100m
The Pinson gold mining operation near this small town has been a production and cash flow corner-stone for Rayrock Yellowknife Resources (TSE) since mining began in 1981. Despite its modest size, the …
Editorial The crash that wasn’t
The Toronto Stock Exchange’s main indicator, the TSE 300, dropped 142 points or 3.5 % on Friday the Thirteenth, but to hear brokers and market regulators talk, it was a non-event. The Dow Jones index,…
News in Brief (October 23, 1989)
Ontario Geological Survey, regional geological staff, Ontario geoscience research grant recipients and guest speakers will give presentations at the Ontario mines and minerals symposium Dec 11-13 at t…
RFC raises $5 million for Orielle feasibility study
A $5-million financing has been completed by RFC Resource Finance Corp. (TSE). The cash was raised from the sale of 2.6 million special warrants by Bunting Warburg. Each special warrant was sold at $2…