New group bidding on Asamera Minerals
As was widely rumored, a group of senior operating and management personnel at Asamera Minerals (TSE) are interested in taking over the company. They have formed The New Asmin Group which has announce…
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LAC nets record gold production
Record gold production of 319,407 oz enabled LAC Minerals (TSE) to earn $45.9 million or 50 cents per share in 1988. This compares to earnings of $41.9 million or 48 cents per share realized in 1987…
Bakra pulls good result from Sannorm gold project
A 61-ft intersection averaging 0.18 oz gold per ton was pulled recently from Bakra Resources’ (VSE) Sannorm property in southeastern Manitoba, the company says. The intersection was encountered by the…
Underground explosion kills two at B.C mine
An underground explosion at the Sulphurets gold project north of Stewart, B.C. killed two men and injured two others. Dead are Claude Weber, a Newhawk/Granduc mine foreman and Otto Sawatsky, a Canadia…
Alberta Stock Exchange Bitech big trader
A $1.3 million private placement combined with renewed drilling at the Nugget Pond gold project in Newfoundland made Bitech Energy Resources the session’s biggest trader. A whopping 1.2 million shares…
Montreal Exchange Market indices tumble
A shift in the trading winds this past week left the ME battered, with the market portfolio closing down almost 51 pts and the mining and minerals index off more than 64 pts. Daily trading volumes wer…
COATS Trading Features (February 20, 1989)
Atlantic Goldfields continued to be a volume leader as more than 250,000 shares exchanged hands. A control block in the company, which was previously held by a principal of Waverley Mining Finance, a …
RJK earning option in Sask. properties
Recently acquiring an option to acquire up to 60% of the interest of Lenora Explorations and Mary Ellen Resources in the Box mine and New Athona properties in northern Saskatchewan was associated comp…
Two gold pours for Placer Dome
Already one of North America’s largest gold producers, Placer Dome Inc. (TSE) will be adding two new producing gold mines to its growing roster this month. The newest gold mine in the Placer Dome Grou…
Corona offer expires March 7 for Dickenson, Kam-Kotia shares
A former president of Dickenson Mines, (TSE) Arthur White, after whom Dickenson’s Red Lake mine was named, thinks the price being offered in a takeover bid by Corona Resources (TSE) is too low. “I don…
Vancouver Stock Exchange Gold’s decline slows stock trading
With the gold price still fluctuating below the $400(US) level, there was no mistaking the downward pressure on gold issues in recent trading here. Non-resource stocks appear to have dominated trading…
Piedmont’s Haile gold mine has large exploration potential
The axiom that mines are made and not found holds true for Piedmont Mining (NASDAQ) and its Haile gold project in South Carolina. Now ranked third behind the Ridgeway mine (BP/Galactic) and the nearby…