Curragh completes public stock sale
The subordinate voting shares of Curragh Resources (TSE) have been listed for trading on the Montreal and Toronto stock exchanges, following completion of the company’s initial public offering earlier…
News
Cameco, Trimin expand to the west on Hanson Lake zone
Drilling on the Hanson Lake property by Trimin Resources (TSE) and Cameco continues to intersect economic-grade mineralization. Hole 61, the most westerly hole drilled to date, cut 15.7 ft. grading 1….
Modernization offers hope for high-cost gold mines
With the price of gold bullion recently sinking below US$360 per oz., mining companies will be facing increasing pressure to keep production costs in line at their operations. Declining precious metal…
Montreal Stock Exchange New VSM zone
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
EDITORIAL PAGE Opportunity for equipment manufacturers
Canada’s mining industry is coming off a period that has been one of the most prosperous ever. It will be tough during the 1990s to match the combination of strong demand, rising prices and improved p…
Corona Restructuring arrangement
The complicated restructuring under way at Corona (TSE) will involve several share exchanges among the shareholders of Corona, Prime Resources (VSE) and Stikine Resources (TSE). In a series of transac…
La Fosse sees profit potential in manganese, sinter and lump ore
A Toronto-based junior is hoping to make a pile of money through the sale of several products from a former producing iron ore district in the province’s northeast. La Fosse Platinum (TSE) is gearing …
Alberta Stock Exchange Durvada gains 33 cents
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…
Insider Trading Toffan benefitting from Eskay activity
John Toffan, chairman of Prime’s partner Stikine Resources (TSE), may wind up better off financially though he may never be as recognized for his role in the Eskay Creek gold discovery as Prime Resour…
People ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES
W. D. Tieman has been appointed Ontario’s new Mining and Lands Commissioner, effective June 1, 1990.
People GRANDUC MINES
William Grismer appointed president and chief executive officer succeeding William Allan who resigned. People May 22, 1990…
Correction (June 04, 1990)
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…