Queries Yama Gold is dissolved
I have a certificate for 500 shares in a company called Yama Gold Mines Ltd. The shares were purchased for a price of $1 each in 1939. Can you please advise me on the status of this company? Paul For…
News
HSK and Joutel shuffle Queenston Gold assets
Toronto-based HSK Minerals (TSE) and Joutel Resources (TSE) have signed an agreement in which HSK will buy two million common shares of Queenston Gold Mines (TSE) from Joutel. In return, Joutel will r…
Cusac/Gulf Titanium generating cash flow from small Montana mine
Adopting a pay-as-you-go strategy toward mine development, 50/50 partners Gulf Titanium (VSE) and Cusac Industries (TSE) are generating a positive cash flow from limited production at their joint-vent…
TSE stymies Pegasus poison pill program
The Toronto Stock Exchange has thrown cold water on a plan by Pegasus Gold Inc. (TSE) to protect itself from any unwelcome takeover attempt (N.M., Dec 12/88). The TSE has told Pegasus that its “poison…
Regulatory body gives nod to Midas
Notice of a plan by Midas Minerals (TSE) to acquire up to a 60% interest in the Tisdale gold project at Timmins, Ont., from Total Energold (TSE) and Davidson Tisdale Mines (TSE) has been accepted by t…
Lornex wind-up meets opposition
An agreement concluded earlier this month between Rio Algom (TSE) and Teck Corp. (TSE) which would see Lornex Mining (VSE) discontinued as a public company is said to be facing opposition by at least …
$1.6 million program for Weedy Lake
A 2-phase $1.6-million exploration program could begin next month on the Weedy Lake gold property owned by Golden Rule Resources (TSE), Tyler Resources (TSE) and Cameco — a Canadian Mining and Energy…
Metall reports higher earnings during third quarter of 1988
Despite operating problems at the Ok Tedi gold/copper mine in Papua New Guinea, Toronto-based Metall Mining (TSE) strengthened its financial position recently. Third-quarter net income increased to $6…
Delta drilling results please partners
Encouraging drilling results from the Delta platinum property in the Cape Smith area of Ungava in northern Quebec have been reported by the three companies involved in the project. Falconbridge Ltd. (…
Stratmin financing
Financing totalling $450,000 has been announced by Stratmin Inc. (ME), the money to be spent on exploration work at the company’s Mont-Laurier graphite property in Quebec. Stratmin says CMP 1988 Resou…
Syngold/Thunderwood merger expected after resignation
Toronto-based affiliates Syngold Exploration (TSE) and International Thunderwood Explorations (TSE) have agreed in principle to merge their exploration assets into a single company. The decision to am…
Plexus financing cancelled
A financing package that would have seen Golden Knight Resources (TSE) purchase one million shares of Plexus Resources (TSE) at $3 each has been terminated. It was contingent upon the latter’s Rawhide…