Fraud charges force resignation
Eric Laing has resigned as a director of five companies comprising the Applegath Group. Laing gave up his directorships in Golden Pond Resources (VSE), Alotta Resources (VSE), Tundra Gold Mines (VSE),…
News
Earnings Report (March 27, 1989)
ABM Gold Corp. (TSE) reports for the year ended Dec 31 a net loss of $22.9 million(US) or $1.72 per share on revenue of $6.8 million. For the same period a year earlier the company reported a net loss…
Mimiska gold showing
A new gold showing has been announced by Mimiska Mining (ME) at its Fern Elizabeth property at Atikokan, Ont., 120 miles west of Thunder Bay. A drill hole cut 0.21 oz gold per ton over 29 ft at a dept…
Goldhunter, Caviar drill results
Drilling completed by Goldhunter Explorations (ASE), Pinetree Explorations (COATS) and Caviar Resources (COATS) has intersected high grading gold values on their Wright Lake property west of Pickle La…
Ateba problems
Ateba Mines (TSE) has opted to discontinue its participation in the Magnet mine project with joint venture partner Roxmark Mines (TSE). Located near Geraldton, Ont., the Magnet mine was a former gold …
Atlantic Report Low recoveries cause layoffs at Coxheath
Coxheath Gold Holdings (TSE) of Bedford, N.S., has laid off more than half its staff at its Tangier gold mine in Halifax Cty. Sixty-three workers have been let go from Nova Scotia’s most advanced mini…
Troymin reports property results (March 27, 1989)
Calgary-based Troymin Resources (ASE) reports no significant economic values were obtained from winter drill programs on its Berven Lake and Severson Lake properties in northern Saskatchewan’s La Rong…
COATS to become junior stock exchange: Task Force
The prospect of the Canadian Over-the-Counter Automated Trading System (COATS) becoming a full-fledged junior stock exchange is at least two years away says a government-industry task force report to …
Toronto Stock Exchange Inflation fears and rising rates hammer
Rising inflation and a move by the central banks to tighten credit sparked another day of selling as traders dumped most issues. The sell-off pushed the composite index to 3558.08 pts — off 20.1 pts …
Homestake, Esso, agree on price for Canadian mineral properties
A definitive agreement has been thrashed out between Homestake Mining (NYSE) and Esso Minerals Canada regarding the purchase of approximately 100 of Esso’s Canadian mineral properties. A Homestake sub…
Metal Prices FREE MARKET (March 27, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 21 Mar 20 Mar 17 Mar 16 Mar 15 Copper 1852-1857 1855-1860 …
N.S. zinc potential gets another look
Fundy Resources, a private company controlled by Halifax lawyer Dale Dunlop and his father Bruce Dunlop of Winnipeg is shopping a promising zinc property around to major base metals producers. Located…