Positive feasibility study for Atlanta Gold
With a positive feasibility study in hand, Atlanta Gold Corp. (TSE) says it is moving ahead to complete the permitting and project financing for its 100%- owned Atlanta Gold project in Elmore Cty., Id…
News
INSIDER TRADES (June 05, 1989)
Atlanta Gold — O. Tolpinrud bought 1,400 (Apr) @ $2.65 to hold 144,051. Belmoral — A. Brown sold 24,000 (Apr) @ $1.16-$1.23 to hold 184,278. F. Brown sold 2,000 (Apr) @ $1.23 to hold (amended) 13,79…
Bond restructures Australian assets
A restructuring has been completed involving Bond International Gold’s (TSE) Australian affiliates, North Kalgurli Mines (NKM) and Gold Mines of Kalgoorlie (GMK). Bond recently tendered its 40% holdin…
Journalist’s goal is to help investors
It’s encouraging to note that being supported by such advertisers as Albert Applegath has not prevented The Northern Miner from taking controversial editorial positions (see “Vancouver’s successes ove…
Armistice drilling confirms zone
Results from five holes drilled into the Sheldon zone include 0.32 oz gold per ton over 9 ft and 0.23 oz over 5 ft, Armistice Resources (ME) reports. The drilling, from stations on the 2,250-ft level,…
Island Copper workers secure hefty increase
Unionized workers at BHP- Utah’s Island Copper mine at Port Hardy on Vancouver Island recently approved a 2-year contract which will yield a 17.56% wage increase over the life of the agreement. In add…
Agnico to swallow a poison pill
Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…
Vancouver Stock Exchange Bargain hunters scoop up juniors
Business may be getting back to normal on the VSE after the recent windstorm of bad press by several leading U.S. business publications, but that still means low share prices and declining volumes in …
Quebec recognition
Five mining companies and a veteran prospector were recently recognized by the Quebec government for their contributions to the mining industry. Premier Robert Bourassa and Raymond Savoie, minister re…
Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…
Noranda Inc. serves notice of Falconbridge share plan
Toronto-based Noranda Inc. (TSE) recently indicated to the Toronto and Montreal stock exchanges that it may buy more shares of Falconbridge Ltd. (TSE) if and when prices are right. Noranda already hol…
COATS (over-the-counter) (June 05, 1989)
The dispute between Atlantic Goldfields and Jascan Resources was successfully resolved last week with Atlantic selling its 39.7% interest in Jascan for $3.8 million. Atlantic will also sell its intere…