Deak seeks funds for mill work
Having recently raised $3.85 million in subscription funds backed by debentures, Deak Resources (TSE) is hoping to have commitments by the end of January for an additional $10 million to cover the cos…
Articles by Northern Miner Staff
Editorial COATS and the OSC don’t mix
For almost four years now, the Canadian Automated Over-the- counter Trading System has been, in effect, trying to carve out a market niche for itself. When barely one year old, it survived the market …
OSC revises rules governing COATS
The Ontario Securities Commission has changed the rules that govern trading of over-the-counter securities on the Canadian Over- the-Counter Automated Trading System known as COATS. Citing concerns th…
Canchrome financing
Gateford Resources (ASE) says its affiliate Canchrome Mines has completed a $1.4-million flow- through unit offering. Canchrome plans to use the funds to finance the exploration and development of chr…
Ministry of Natural Resources
The Ministry of Natural Resources, Ontario Basic Mapping (OBM) Section, is expanding its program of mapping in the province. These maps are being used for real property records, land and resources man…
Editorial Lower rates
The Bank of Canada’s efforts to ward off inflation are understandable, but it is doubtful whether doing so at the expense of exporting industries such as mining is a good trade-off. Excessive zeal in …
Toronto Stock Exchange Indices (January 22, 1990)
1989 Jan. 16Jan. 15Jan. 12Jan. 11Jan. 10HIGH LOW Composite 300 3899.983894.013881.843941.703941.564009.473881.84 Metals & Minerals3220.743242.033261.013340.483325.173453.053220.74 Integrated mines3…
People (January 22, 1990)
CALPINE RESOURCES — Murray Pezim, John Ivany and Lawrence Page re-elected to the board of directors and Jacob Brouwer appointed to the board of directors.
Metals Page Nickel price down but still well supported
Although the price of nickel has fallen below US$4 per lb on the London Metal Exchange, the sound of alarm bells has been faint. Few analysts, if any, foresee the base metal rallying to sustained high…
Noranda increases to 21.6% its stake in Miniere Louvem
Toronto-based Noranda Minerals, a unit of Noranda (TSE), recently acquired 489,900 shares of Societe Miniere Louvem (TSE), bringing its stake in the Val d’Or, Que., company to 3.2 million shares or 21…
Belmoral resumes work on Yorbeau’s Astoria
Underground exploration work has been resumed by Belmoral Mines (TSE) on Yorbeau Resources’ (TSE) Astoria gold project, three miles south of Rouyn-Noranda, Que. Drifting is under way at the AW-zone on…
Reserves double at Black Hawk’s Minago nickel
Drilling by Black Hawk Mining (TSE) has more than doubled reserves at the company’s 100% owned Minago nickel project in Manitoba. The 17-hole, 27,000-ft program has increased reserves from four millio…