Spot prices at a glance (June 19, 1989)
Week’s Price (US) Change Gold* $361.60 –$13.90 Silver* $ 5.23 –$ 0.17 Platinum* $483.75 –$24.00 Nickel** $ 5.47 –$ 0.39 Lead** $ 0.31 –$ 0.01 Copper …
News
Bema Gold to become new producer with Champagne mine
With full scale production about to begin at the Champagne heap leach mine in Idaho, Bema Gold Corp. (TSE) is poised to make the all-too-often perilous leap from a junior exploration company to a new …
M.I.M. completes share purchase in Granges
After intense due diligence that included four tours of operations, M.I.M. Holdings Ltd. of Australia has completed the purchase of 11 million shares of Granges Exploration at $4.55 a share, giving it…
Minority shareholders delay Falconbridge’s Raglan deal (June 19, 1989)
A small group of New Quebec Raglan Mines (TSE) shareholders is still holding out for a higher price on shares that Falconbridge Ltd. (TSE) is attempting to buy. While the Toronto-based nickel giant wo…
Editorial Hopes for China betray opur naivete
It is an appalling sight to see a state turn its guns on its children. When that same regime then embarks on a public manhunt to track down those children, the student dissidents who naively occupied …
Intl Platinum continues search for PGM deposits
Nearly $2.5 million could be spent this year on the search for platinum group metals (PGMs) by Toronto-based junior International Platinum Corp. (TSE). The company has been conducting exploration for …
Dolphin selling quarter interest in Nfld. project
A 25% interest in the Cape Ray gold project in Newfoundland is being sold by Dolphin Explorations (TSE) to Ardonex Resources, a private company. Newfoundland-based Ardonex has agreed in principle to p…
Trend to mergers and acqusitions continues in 1989
In 1988, there were more than 75 mining Merger and Acquisition transactions involving Canadian companies, totalling in value over $5 billion. This review of 1988 mergers and acquisition activity in t…
Syngold amalgamates with Int’l Thunderwood
An amalgamation of International Thunderwood Explorations (TSE) and Syngold Explorations (TSE) has been completed. The new company is called Thunderwood Resources and will be listed on The Toronto Sto…
Industry embraces CEIP, companies seek grants
Industry’s initial skepticism about the federal government’s Canadian Exploration Incentive Program (CEIP) has faded and companies are now prepared to use the program effectively, Peter McLean, CEIP’s…
`Dirt-pile’ swindles under investigation
The U.S. Bureau of Mines is a well-known prospector of that nation’s mineral supplies. But recently, the bureau has been involved in protecting the American public from what has been dubbed the “Fool’…
Seeking good management is crucial to investment success
From a speech by William Trebilcock at the Prospectors & Developers Association of Canada 1989 annual convention. I work for Van Eck Management, a money management firm specializing in mining investme…