Commodities — the last 100 years and the ’80s
The futures market in metals began about a century ago because Chilean copper took about three months to get to England in the ships of those days. Traders needed to know the price they could deal at …
News
Cliff, Canaustra merger given vote of approval
An expanded and newly financed Cliff Resources (TSE) is the result of a recent amalgamation of that company with Canaustra Gold Exploration (VSE). A majority of shareholders in both companies voted th…
Toronto Stock Exchange (January 09, 1988)
If the first week of the New Year is a precursor of things to come, then hold on for a ride because base metal prices continue to head in one direction — up. During the week, prices for copper, nicke…
Willans mystery on television
Followers of the Dan Willans saga may be interested in a television program, Unsolved Mysteries, which will devote part of its Jan 11 show to the mining man and his mysterious disappearance in 1936. A…
Map of world gold producers
Denver-based Metal Market Consultants has published a map listing the primary gold producers in the Free World. Besides locating them on a global map, it highlights specific areas including the wester…
U.S. REPORT Escalante shutdown
Hecla Mining (NYSE) has closed its Escalante silver mine, 40 miles west of Cedar City, Utah. The orebody at Escalante has been mined out and exploration failed to add additional reserves. In operation…
Marshall gets funding
Marshall Minerals (ASE) has raised $2 million via a private placement of flow-through shares. Marshall will issue 2,010,000 flow through shares at a price of $1 per share. The proceeds of the offering…
Share swap ratio is proposed by Syngold/Int. Thun.
Toronto affiliates Syngold Exploration (TSE) and International Thunderwood Exploration (TSE) have agreed to a share exchange ratio for a proposed amalgamation of the two companies. Pending shareholder…
Sikaman completes NWT drill program
A diamond drill program was completed recently by Sikaman Gold Resources (TSE) on the company’s Kaminak Lake gold property located 160 km southwest of Rankin Inlet in the Northwest Territories. The co…
Jascan, Atlantic each get another $6 million (US)
The final payday came in for partners Jascan Resources (ASE) and Atlantic Goldfields Inc. (COATS). Each company has received $6 million(US) as the final payment from the sale of their interest in the …
Gold Texas seeks court injunction
An injunction is being sought by Gold Texas Resources (VSE) against Malartic Hygrade Gold Mines (VSE) which, if approved, would prevent the latter from voting its shareholding at any Gold Texas shareh…
Trans-Dominion to acquire 48.3% of Doelcam
Trans-Dominion Energy Corp. (TSE) plans to acquire a 48.3% equity interest (3.8% voting) in Doelcam Mining, a private company controlled by Dennis MacLeod. The interest will be acquired in exchange fo…