Malartic, Barrick agree to new exploration deal
Mining operations on the Malartic Hygrade Gold Mines (Canada) (VSE) Orion gold property near Val d’Or, Que., are to be extended. .T An agreement extends the portion of the Malartic property being m…
News
People (February 13, 1989)
ABERMIN — Christopher A. Serin appointed executive vice-president and chief operating officer. Roger P. Taylor who has served as president and chief executive officer since inception in 1985 has resi…
Cyprus acquires interest in Mexican silver mine
Cyprus Minerals Company (NYSE) recently acquired a 49% interest in Minero Cerro San Pedro S.A. de C.V., owner of a silver mine 100 miles north of Guadalajara, Mexico. The mine, which is held in a subs…
Editorial A tenuous connection
The Bank of Nova Scotia is being criticized for its involvement in a $4.4-billion loan to Minorco, the Luxembourg-based company that made a takeover bid for Consolidated Gold Fields last year. Minorco…
INSIDER TRADES (February 13, 1989)
Aquagold — S. Reed bought 12,500 (Dec) @ 68 cents -75 cents to hold 127,500 and bought 50,000 warrants (Dec, private) to hold 125,000. Canamax — Amax Gold (Canada) — bought 1,000,000 (Dec) @ $5 to …
Stratmin schedules commercial production for graphite deposit
Commencement of commercial production has been scheduled this month by Stratmin Inc. (ME) for the company’s graphite deposit at St-Aime-du-Lac-des-Isles, Que. The company reports it acquired $2.7 mill…
JA’s 1989 Business Hall of Fame nominees
The inventive genius, foresight, risk-taking and pursuit of corporate excellence are reflected in the dynamic careers of six Canadian businessmen, who have been selected as the newest members of Junio…
Three issues face mining industry in 1989
American Mining Congress (AMC) President John Knebel says three major legislative issues will face the U.S. mining industry in 1989 — retention of the 1872 Mining Law, state control of mine waste and…
Golden Range seeks financing
Golden Range Resources (TSE) is seeking financing in the amount of $250,000 to fund exploration on the Sylvia gold-silver-zinc property 70 miles southeast of Flin Flon, Man. Work completed by Golden R…
Toronto Stock Exchange Gold isues stage comeback despite low prices
Gold issues put in a surprisingly strong performance today, despite more talk that bullion is going to head further south. The gold sector is being carried away by the market rally which added another…
Ican probes beneath Racey gold property
The first results from a winter drill program at Ican Minerals’ (TSE) Racey gold property in Oregon have just been released. After completing 30 holes before Christmas, Ican has two drill rigs on site…
Share prices of Dickenson, Kam-Kotia up sharply after Corona
Prices for the B shares of Dickenson Mines (TSE) and the common shares of Kam-Kotia Mines (TSE) jumped sharply following the announcement of a proposed takeover bid by Corona Corp. (TSE). At the close…