Montreal Exchange Freewest sparks rush
Judging by the improved volumes, investors have decided the time is right to play a more active role. For the week ended Feb. 5, daily trading volumes ranged between 6.1 million and 7.8 million shares…
Articles by Northern Miner Staff
COATS (over-the-counter) Golden Hope up 10 cents
Speculating on the results of a 20,000-ft. drilling program on the Bellechasse property southeast of Quebec City, investors sent shares of Golden Hope Mines up 10 cents to $1.10 on a volume of 97,137 …
Alberta Stock Exchange Golconda active (February 11, 1991)
Shares of Golconda Resources rose 5 cents to 24 cents in the week ended Feb. 5 after the company finalized an agreement to acquire a gold property in Oregon. Golconda can earn a 100% interest in the G…
OSC rules against Albino
The Ontario Securities Commission (OSC) ruled recently that George Albino, the former president of Toronto-based Rio Algom (TSE), unfairly used insider information to make a $52,000 profit from his st…
Vancouver Stock Exchange Eurus and Thios continue to climb
The Vancouver market followed eastern markets for the week ended Feb. 5, staging a heathy rebound. The Vancouver composite index jumped 13.26 points to finish at 511.49 while the resource index added …
Flag drilling at Rathbun Lake bet
Calgary based Flag Resources (ASE) is planning to drill a 2,000 ft. deep vertical hole to probe for base metals on its Rathbun Lake property in the Wanipitei Lake area of northern Ontario. The claims …
Barrick boosts earnings, gold production in 1990
The average gold price may have fallen last year by 12% from 1988 levels, but Torontobased producer American Barrick Resources (TSE) just keeps on churning out record profits. Thanks largely to the co…
INSIDER TRADING Noranda sells part of Kerr
While senior executives at Noranda (TSE) continue to position the company to cope with the economic recession, Toronto-based Noranda was recently selling a portion of its position in Kerr Addison Mine…
Judge dismisses Barrick action
A New York supreme court judge recently dismissed American Barrick Resources’ (TSE) bid to sue Gold Standard (NASDAQ) for alleged defamation in relation to an ownership dispute over the Mercur gold mi…
Westfield ups Northgate stake
Toronto-based holding company Westfield Minerals (TSE) recently increased its stake in Northgate Exploration (TSE) to about 15% from 10%. Having recently purchased 1.4 million common shares of Northga…
Letters to the editor In defence of engineers
It is disheartening to learn that some people have such a poor impression of the abilities and attitudes of professional engineers. Canadian mining engineers have developed innovative mining technique…
Murgold consolidates stock, changes name
Murgold Resources (TSE) has consolidated its stock on a 1-for-10 basis and changed its name to Arimathaea Resources (TSE). The company has also completed a private placement of four million units for …