Stikine presiden onesPezm’ idfrcnrl
Murray Pezim’s recent offer to acquire 51% of the issued capital of Consolidated Stikine Silver Ltd. (VSE) no doubt represents a potential financial windfall for Marguerite MacKay, president and subst…
News
Will Barrick loan affect gold price?
Just what the price of gold, which has been struggling of late, needs: an announcement by American Barrick Resources (TSE) that it is arranging a 1,050,000-oz gold loan. The precious metal, which just…
Tournigan shareholders ask pointed questions
Fights, whether they be professional or amateur, sometimes don’t live up to their billing. At least that was the case at the annual meeting of Tournigan Mining Explorations (VSE) where a dissident gro…
Vancouver Stock Exchange Gold issues boost market
A renewed interest in the market is generating better than anticipated trading volumes and accounting for a decidedly upbeat mood on the VSE as the new year begins. Despite gold and platinum’s lacklus…
Metal Prices (January 16, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 10 Jan 9 Jan 6 Jan 5 Jan 4 Copper 1862-1867 …
Thayer Lindsley, 1882-1976
Thayer Lindsley has been described as the greatest mine-finder of all time. Not only did he found Falconbridge, a multinational organization ranked now among the largest mining companies in the world,…
Nine U.S. mines in RTZ-BP deal
Already the world’s largest mining company, Rio Tinto Zinc Corp. (RTZ) is now set to acquire the international mineral assets of British Petroleum, which include interests in nine U.S. mines. The U.S….
COATS Trading Features (January 16, 1989)
Falconbridge Gold, a recent newcomer to COATS, saw 40,000 of its shares traded in the $3.25-$4.50 range this week. The company is spinoff of the giant Sudbury nickel miner. Augdome Corp. was up slight…
Volatile zinc prices likely to stay high
With demand strong and supply at record levels, zinc is trading at fancy prices today. The base metal, which averaged about 54 (US) per lb last year, was recently trading for 76 on the London Metal E…
CoCa, Geodome merger planned this quarter
The proposed merger of CoCa Mines (NASDAQ) and Geodome Resources (NASDAQ) could be completed in the first quarter, said CoCa President Hugh J. Matheson. The deal will require the approval of the holde…
Canadian Mining Hall of Fame names twelve inaugural inductees
Pierre Beauchemin was a towering figure on the mining horizons of the province of Quebec. He was the founder of one of this country’s leading mining organizations, the Sullivan Group of companies. Of …
Tundra drilling (January 16, 1989)
A major drill program totalling more than 110,000 ft is scheduled to begin this month on the Lamaque gold project owned by partners Teck Corp. (TSE) and Tundra Gold Mines (VSE). The program, expected …