Montreal Exchange Mining index advances
A week of mixed trading didn’t seem to hurt the resource stocks, with the mining and minerals index climbing more than 20 pts. The general market portfolio index, by comparison, managed a 2.9-pt gain….
News
Twin Gold plans more drilling on Lingman Lake property
Toronto-based Twin Gold Mines (ASE) is set to begin further exploratory drilling on its Lingman Lake property in northwestern Ontario. This spring the company extended its claims in the area after a g…
Alberta Stock Exchange Prices, volumes low
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Newfoundland mining show draws a crowd
Newfoundland’s first mining and mineral exploration show successfully drew a large crowd of exhibitors and mining industry delegates here recently. The exhibition, called Mineralex 89, brought togethe…
2 potential gold mines Baie Verte’s potential growing
Across the bay from this small coastal town which relies on asbestos for much its economic base, mining companies are hoping to come up with a gold mine or two in the years ahead. Most of the area aro…
Agnico to swallow a poison pill
Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…
FINANCING (June 05, 1989)
VANCOUVER Commander Res — gross proceeds rec $245,000. Secret Pass Minerals — opt exerc on 100,000 @ 45 cents per sh. World Wise Res — 700,000 shs sold for gross $245,000. Moondust Ventures Inc. -…
People (June 05, 1989)
RISE RESOURCES — Victor G. Coulthard appointed president succeeding Richard W. Hughes who has resigned. Mr. Coulthard will fill a casual vacancy on the board of directors succeeding William Vance who…
Vancouver Stock Exchange Bargain hunters scoop up juniors
Business may be getting back to normal on the VSE after the recent windstorm of bad press by several leading U.S. business publications, but that still means low share prices and declining volumes in …
Earnings Report (June 05, 1989)
Bachelor Lake Gold Mines (TSE) reported a net loss of $975,242 or 11.9 cents per share for the period ended March 31. In the same period last year a net loss of $427,831 or 5.5 cents per share was re…
IOCC GOLD OPTIONS (June 05, 1989)
Options Open Series Volume Last Interest Aug 370 C 273 9.00 345 Aug 380 C 639 5.00 900 Aug 390 C …
Rambler Joint Venture faces critical decision
The Rambler Joint Venture will reach a critical stage next month when Teck Corp. (TSE) meets with its two junior partners to consider future participation in that Newfoundland project. The joint ventu…