INSIDER TRADES (August 21, 1989)
Anglo Canadian — R. Kemeny holds 442,801. Atlantic Inv. sold 29,000 (July @ 18 cents to hold 128,000. Black Cliff — N. Kacira bought 87,500 (July, private) @ 41 cents to hold 968,849. Cabre — G. M…
News
Hemlo dispute ends Court upholds decision awarding Williams gold
The largest underground gold mine in Canada belongs to Corona Corp. (TSE), the Supreme Court of Canada has ruled. The court upheld a decision rendered in 1986, which awarded the Williams mine in the H…
Three drills probe McNickel prospect
Although no assay results are yet available, McNickel Inc. (COATS) has completed drilling more than 30 holes on its copper-nickel property situated north of Lac St. Jean, Que. President John McAdam sa…
Stroud seeking new acquisitions
The current weak market for precious metals isn’t preventing Stroud Resources (TSE) from continuing to build reserves on two of its key gold properties in northern Ontario. At the recent annual meetin…
Strikes disrupt Peru’s copper production
Copper production has been disrupted in Peru by a strike by that country’s 70,000 miners and the price for copper on New York’s commodities exchange surged as a result. Peru was forecast to produce 34…
Westfield options Dynasty gold bet
Toronto-based Westfield Minerals (TSE) and Northern Dynasty Exploration (TSE) have signed an agreement allowing Westfield to earn a 50% stake in an 86-claim gold property 20 miles north of Savant Lake…
Conference
The third Metals Week lead-zinc conference will be held March 5-6, 1990 in Tapatio Cliffs, Ariz. The strong zinc and lead prices of late have benefited many producers, but high prices bring problems a…
Dynatec, Northfield sign private deal
An agreement in principle has been signed between Dynatec International and Northfield Minerals (ASE) which will see Dynatec purchase 5.3 million Northfield shares at 45 cents per share. Total procee…
COATS (Over-the-counter) McNickel lower
The shares of McNickel Inc. slipped lower by 10 cents this week, closing at $2.90 on a heavy volume of nearly 400,000 shares. President John McAdam reports drilling on the company’s Lac St. Jean, Que….
Equity Silver earnings up 125%
Higher sales volumes of precious metals helped bring about a 125% increase in earnings for Equity Silver Mines (TSE) in the first half of 1989. The Placer Dome (TSE) subsidiary reported earnings for c…
Williams court battle chronology
* 1981 — Junior-mining company International Corona Resources (later to become Corona Corp.) stakes a group of claims in the Hemlo area. — Prospector Donald McKinnon, who took part in the Corona sta…
Noranda, Swedish ally up bid for Falconbridge
A bidding war for Falconbridge Ltd. (TSE) may be under way. Noranda Inc. (TSE) has teamed with Swedish firm Trelleborg AB and made a $2.2-billion(C) offer for the nickel producer. Noranda and Trellebo…