News in Brief (August 29, 1988)
Hudson-Yukon Mining Co. Ltd. has merged by amalgamation into All-North Resources Ltd.. Shareholders of All-North Resources will receive one-new-share for each old share; holders of Hudson-Yukon Mining…
News
Shareholders shuffle Gordex directors, await Cambior deal
Some financial and technical muscle has been added to the board of directors of Gordex Minerals (TSE) of Saint John, N.B., after shareholders voted to replace four existing directors. The company coul…
Black Swan ore being replaced
Gold production at Black Swan Gold Mines’ (VSE) Gabanintha project in Western Australia is presently averaging 40,000 oz per year, Arthur T. Fisher, president, said at the company’s annual meeting. On…
Golden Sitka busy at Chichagof
Old mines have a habit of coming back to life and the Chichagof mine property 50 miles northwest may prove to be an example of that adage. The property is owned by Golden Sitka Resources (VSE) a Vanco…
Books in Review Who owns, controls Canadian firms
Statistics Canada has released its 1987 version of Inter-Corporate Ownership. This new edition offers financial analysts, investors and corporate executives the most recent, comprehensive and authorit…
Cheni Gold Plans Mill Start-up By Fall
With development and construction programs on schedule, Cheni Gold Mines (TSE) appear to be on track to begin commercial production from its wholly-owned Lawyers gold-silver mine during the fourth qua…
Metal Prices (August 22, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 Copper 1249-1250 1251-1253 1269.5-1270 1251-1252 1…
New discovery for new issue
Drilling should begin in September on a new gold discovery near Lac La Hache, B.C. Trenching on the Miracle Claims, 28 km north of the town, held by newly-listed G.W.R. Resources of Vancouver, has ret…
Golden Rose mine blamed for Noramco Mng. losses
Losses reported on Noramco Mining’s (TSE) balance sheet during the first six months of 1988 were due largely to problems at the Golden Rose mine west of Thunder Bay, Ont., the company announced recent…
Cdn United results encourage
The latest drill program on the Fireweed property near Smithers, B.C. is continuing to extend a high grade mineralized horizon, officials of Canadian- United Minerals (VSE) report. Robert Holland, exp…
Vancouver Stock Exchange Low market liquidity
When your broker insists the market is “bottoming out” and the dailies carry stories about brokers having to drive to work in their Volkswagen “bug” instead of a Porsche you just know things are getti…
Omni’s Mt. Skukum soon to begin production
Most people are surprised to learn that hardrock mining is a recent addition to the Yukon’s gold mining history. Indeed, names like Mt Skukum and Ketza River are all part of the new “hardrock generat…