Falconbridge holds 92% of McIntyre Mn.
Toronto-based Falconbridge Ltd. (TSE), completed the acquisition of 12.5 million Falconbridge common shares and 750,000 common share purchase warrants from Placer Dome Inc. (TSE), the company said rec…
News
News in Brief (August 22, 1988)
Robex Resources (ME) has signed an agreement, in principle, with Maufort Resources (ME) which allows Robex to buy back up to 13% of its capital share and up to 21% of the capital share of its sister c…
Breakwater earnings increase
Increased production, an improved gold grade and lower operating costs at the Cannon Mine in Washington State all joined forces to make a better bottom line for Breakwater Resources (TSE) during the f…
Midas options Tisdale claims negotiates fire-sale deal
The troubled Tisdale joint venture is getting a new partner. Midas Minerals (TSE) has completed an agreement giving the company the right to earn a 60% interest at the fire-sale price of $2 million fr…
Ronrico placement to finance Simkar gold exploration
Ronrico Explorations (VSE) of Toronto has announced a private placement to finance exploration at the company’s Simkar project at Val d’Or, Que. After spending $7 million, Ronrico holds a 50% interest…
Venturex pulls good hole on El Paraiso bet
Once again some impressive assay results have been reported from a drill program near Vernon, B.C. But this time it’s from the Top claims of Venturex Resources (VSE) and El Paraiso Resources (VSE). Th…
Letters to the Editor Supply & demand rules gold price
In a letter to the editor (N.M., July 4), one of your readers attributed the depressed price of gold to market interference by various governments. I don’t doubt that such action takes place, but feel…
INSIDER TRADES (August 15, 1988)
Augmitto — MVP Capital bought 90,000 to hold 2,825,662. Barron Hunter Hargrave — J. Hargrave sold 68,500 to hold 4,010,200. S. Hargrave sold 42,000 to hold 2,297,200. Beaver — J. Blair sold 51,000 …
Metal Prices FREE MARKET (August 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 9 Aug 8 Aug 5 Aug 4 Aug 3 Copper 1244-1245 1247-1249 1257-1259 1262-1264 1222…
Barrick’s newest mine revives old gold camp
As American Barrick Resources (TSE) opened the Holt-McDermott mine 25 miles north of here recently, no-one was denying that the company’s newest gold producer is an impressive feat of engineering. Sch…
Glen Auden to buy Ventex En. shares
A joint venture agreement involving Glen Auden Resources (TSE) and Ventex Energy (VSE) has been approved by the Toronto Stock Exchange, Glen Auden said recently. Under an agreement, Glen Auden can ear…
Rich Zinc Assays from El Mochito Mine
With daily production at the El Mochito mine in Honduras now averaging 2,000 tons per day, American Pacific Mining (VSE) is well into an underground exploration program to add reserves to this base me…