COATS Trading Features (June 20, 1988)
Transgold came back to life this week, trading more than 150,000 shares to close at 90}. Just two weeks ago, the issue was quiet at 55}. The company’s main asset is a major land position in the Wawa- …
News
Rio appointments beef up mining wing
Toronto-based Rio Algom (TSE) is beefing up its mining wing with a couple of appointments in the company’s executive suite. President Ray Ballmer will become the company’s new vice- chairman Aug 1, wh…
Queenstake gold production may include hardrock mines
Placer gold mining operations will continue to represent Queenstake Resources’ (TSE) principal source of cash flow in the next few years. But revenues from hardrock production could also figure promin…
Murgold, Chesbar encouraged by Chester results
A $4.2-million exploration program at the Chester Twp. project south of Timmins, Ont., is producing some encouraging results for partners Chesbar Resources (ME) (60%) and Murgold Resources (VSE) (40%)…
Hoisting: Engineers and legislators face off
It’s a very rare event in underground mines. But it couldn’t have happened at a worse time, in terms of public relations, for Placer Dome. As 500 delegates from around the world began checking into th…
INSIDER TRADES (June 20, 1988)
Amer Ore — G. Oughtred bought 75,000 to hold 205,000. Gldn Briar — Flag Res (1985) bought 16,000 to hold 869,266. Gldn Shadow — E. Rosenberg bought 147,500, sold 175,000 to hold 128,285. Imperial M…
B. C. mines are cited for reclamation work
Four British Columbia mining/ exploration companies have been recognized for the quality, innovation and research work that has gone into rehabilitation of mining areas in the province. Three mines ci…
Gold Standard files claim over Mercur
Gold Standard has launched a second lawsuit in its bid to regain control of the Mercur mine in Utah from American Barrick Resources. While Gold Standard already holds a 15% net profits interest in the…
Muscocho aims to boost output
With the Magino gold mine ready to pour its first bar this month, and the Magnacon gold mine on stream for production during the first quarter of next year, Muscocho Explorations (TSE) is aiming to tu…
Pamour selling stake in Canadian Arrow
In the midst of a corporate restructuring, Pamour Inc. (TSE) is selling its 46.4% interest in Canadian Arrow Mines (TSE) to First Toronto Capital, a merchant banking company. Shareholders of Canadian …
Echo Bay mill to handle 5,000 tons ore per day
Described by Chairman Robert Calman as a company “writing its history on the run,” Echo Bay Mines (TSE) is aiming to produce about 550,000 oz gold this year and more than 700,000 oz in 1989. The compa…
Faro mine shut down due to strike
About 300 employees at Curragh Resources’ Faro lead-zinc mine are off the job after voting in favor of a strike June 10. While about 150 administrative workers and engineers not connected with the uni…