OSC to consider Comaplex issue at June hearing
The Ontario Securities Commission has scheduled a hearing for June 23, to consider whether shares of Comaplex Resources not held by a Swiss bank and two Liberian investment firms should be allowed to …
Articles by Northern Miner Staff
Metal Prices (June 19, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 13 June 12 June 9 June 8 June 7 Copper 1677-1…
Davidson boosts land holdings in Timmins area
Toronto-based Davidson Tisdale Mines (TSE) has expanded its land holdings in the Timmins area of northern Ontario. President K. R. Kent told shareholders at the recent annual meeting the company had s…
Aur discovery is unrelated to former Louvem zinc mine
The old Louvicourt Twp. copper- zinc mine where Aur Resources (TSE) and Louvem Mines (TSE) have discovered an interesting new massive sulphide deposit, is one of four ex-base metal producers in the Va…
On basis of copper find Value of Aur, Louvem soars
A massive sulphide discovery on a disputed Val d’Or, Que. property held by Toronto-based Aur Resources (TSE) and Louvem Mines (TSE) sparked a flurry of buying activity as investors raced to buy up sha…
FINANCING (June 19, 1989)
VANCOUVER Cons Trout Lake — gross proceeds rec $175,000. Rio Gold Mining — 560,000 sold for gross $448,000. Ezekiel Expls — 250,000 sold for gross $87,500. Big Strike Res — opt exerc on 162,500 @ …
Despite dropping gold price Nuinsco on track at Cameron
Even though the financial climate could hardly be called hospitable, Douglas Hume strives to be realistic about the task that lies before him. Yes, he admits, a $100(US) per oz jump in the price of go…
Dolphin selling quarter interest in Nfld. project
A 25% interest in the Cape Ray gold project in Newfoundland is being sold by Dolphin Explorations (TSE) to Ardonex Resources, a private company. Newfoundland-based Ardonex has agreed in principle to p…
Trend to mergers and acqusitions continues in 1989
In 1988, there were more than 75 mining Merger and Acquisition transactions involving Canadian companies, totalling in value over $5 billion. This review of 1988 mergers and acquisition activity in t…
Will mining learn from experience?
Faced with a struggle to survive, the mining industry in Canada has made tremendous strides in the last six years. In some firms, productivity has doubled in that period. Management in the industry ha…
Val d’Or, Abcourt planning production for zinc prospect
The president of a junior mining company earning a 50% interest in the Vendome zinc prospect 30 miles north of Val d’or, Que., is optimistic the project can be in production within 12 months. Pedro Ca…
Aurtec ready to treat tailings
A 950-oz gold loan will allow Aurtec Mining (ME) to bring its tailings recovery project at the Montauban mine near Quebec City, Que., into production. President Jean-Claude Caron reports the start-up …