Letters to the Editor Opposed amalgamations
Re: your article on Kiena, Sigma and Placer (N.M., June 20/88): After the Ontario Securities Commission denied our request for a hearing in the matter of the amalgamations of Placer Dome with Kiena an…
News
Placer Dome controls Craibbe-Fletcher Gold (June 27, 1988)
While no further work is contemplated at the present time on the Red Lake area gold property of Craibbe-Fletcher Gold Mines (COATS), at such time as access can be provided from the underground working…
Chelsea output second highest
Approximately 1,100 tons of ore grading 0.38 oz gold per ton was processed by Chelsea Resources (VSE) during May at its Spotted Horse mine near Lewistown, Mont. Fernando Nuflo- Moya, a company directo…
COATS Trading Features (June 27, 1988)
South American Goldfields was active this week, moving to 95 cents on volume of 66,500 shares. The company is active exploring for gold in South America. Transgold continued to show strength, remainin…
Editorial Exporti9ng gold to cut the U.S. trade deficit
A better-than-expected further decline in the United States trade deficit has brought euphoria into North America’s leading financial districts. The April figure of $9.89 billion compared to March’s $…
Vedron awaits results
Mid-summer results to be gathered from exploration work on the Fuller zone of the Vedron property at Timmins, Ont., should be sufficient to justify the start of production by the end of the year, Vedr…
Grab Samples Column
Unconfirmed street talk is that the claims protecting Hemlo Gold’s Golden Giant mine at Hemlo, Ont., are being restaked by a junior mining company. At presstime, the Thunder Bay, Ont., mining recorder…
Tandem sees another busy year
With a number of ongoing projects, Tandem Resources (ME) will be quite active in exploration again this year, President Stanley G. Hawkins told shareholders attending the company’s annual meeting, exp…
Alberta Stock Exchange Baslen trades higher
It was a case of “as you were” in Alberta as most of last week’s most active issues traded ahead of the pack on slightly lower volumes. International Baslen led the way with a 34} increase in its shar…
VSE approves cleanup plan
Stung by media criticism over its role in a scam that saw United Services Funds of San Antonio, Tex., defrauded out of millions of dollars, the Vancouver Stock Exchange has approved a “broad action pl…
Newmont’s debt reduction strategy, is paying off
New York-based Newmont Mining is still attempting to recover from a $2.2-billion dividend paid out last October to thwart a takeover bid by Texas oilman T. Boone Pickens. Net income for the three mont…
Golden Terrace seeks joint venture partner
Golden Terrace Resources (TSE) expects to have a senior mining company take on a joint venture partnership this summer on its Richardson Lake gold property in northwestern Ontario. At the company’s an…