Editorial Buying shareholders’ votes
Consider an investor of modest means who holds 100 shares of Inco. How do you think that investor will vote when the company’s board of directors ask his approval to implement a “shareholders’ rights …
News
Spot prices at a glance (October 24, 1988)
Week’s Price (US) Change Gold (per oz) $410.80 + $6.10 Silver (per oz) $6.32 + $0.06 Platinum (per oz)$539.00 + $22.00 Copper (per lb) $1.37 + $0.10 Lead (per lb) $0.29 -…
Opening new gold mines mean greater costs
Opening new gold mines will almost always take longer than expected and, because more time means greater cost, companies planning to start new mines should be prepared for those costs says Canamax Res…
FINANCING (October 24, 1988)
VANCOUVER Shoshoni Gold — gross proceeds rec $250,000. Sierra Madre — 400,000 sold for gross $168,000. Marian Minerals — 700,000 sold for gross $245,000. Wirlwind Res — proceeds rec $105,000. Nava…
Northgate’s cash puts Colomac on fast track
Northgate Exploration (TSE) has agreed to provide the remaining financing needed to get the $135- million Colomac gold project into production. The cash-rich company will inject $8 million directly in…
Minnova/Rea Gold Get Approvals For B.C. Silver Mine
The British Columbia government has approved the Stage I permit for the construction and building of mine facilities on the Samatosum silver project located near Adams Lake, B.C. Minnova Inc. (TSE) ho…
Bond Gold Canada
Bond Gold Canada a wholly- owned affiliate of Bond International Gold has earned a 50% interest in the Shoal Lake gold property near Kenora, Ont. The remaining interest is held by Kenora Prospectors &…
Ronrico results from Simkar
Mapping on the 4th level of the Simkar project has led to the discovery of a gold mineralized alteration zone. Located near Val d’Or, Que., the Simkar project is operated by Ronrico Explorations (VSE)…
Inco has $10-million to look at Couchenour
With its Golden Pond East zone in Quebec already up and running, Inco Ltd.’s (TSE) gold exploration arm is attempting to add to its mineable reserve inventory by sinking $10 million into the old Coche…
Sutton/Crown Drilling Creede Property
Drilling of two deep holes is now under way on the Creede, Colorado silver-gold property held 50/50 by partners Sutton Resources (VSE) and Crown Resource Corp. (NASDAQ). The project is located in the …
Mixed Results From Toodoggone Drilling
Results of a recent drill program on the Chappelle project in the Toodoggone area of British Columbia has led Multinational Resources (VSE) to the conclusion that economic grades are restricted to bel…
Analysts denounce linking dividends with `poison pills’
Inco’s(TSE) plans to institute a recapitalization plan that would include a shareholders’ rights plan, often known as poison pills, and a special $10(US) dividend has prompted a group of securities an…