Minnova boosts Laramide interest
Recently becoming a major shareholder of Laramide Resources (VSE) was Minnova Inc. (TSE) The precious and base metal producer bought 2.5 million shares of Laramide in a private placement at 90 per sh…
News
Editorial A threat to sovereignty
The greatest threat to Canadian sovereignty today is not free trade but a growing public debt that is running out of control. In recent years, the economy has been humming along nicely. But beneath th…
INSIDER TRADES (November 14, 1988)
Bitech — J. Wade bought 25,000 (Oct, private) to hold 1,100,416. First Can Gold — J. Hahn sold 1,000,000 (Sept) to hold 41,413. Flagship — Moss Res sold 300,000 (Sept, private) to hold nil. Franco-…
Editorial Tomorrow’s leaders
Thomas Meyer wants someday to be a mine manager and Craig Bournes wants to study rock mechanics. The two second- year students at the University of Toronto will likely attain those goals and the minin…
Cream-colored cans clue to mysterious diamond rush
Maxim Pellack’s doubters may have been legion, but that didn’t dissuade him from his belief that Prince Albert, 150 km north of here, and better known for its wheat fields, was in fact diamond country…
Magma Copper third quarter earnings
Magma Copper reports a third quarter 1988 net income of $12.3 million (U.S.), or 32 per common share. This compares to a net loss of $5.1 million for the third quarter of 1987. Total revenue for the …
Newmont Gold has record production
A $420 million(US) expansion program at its Carlin, Nev., operations is paying off for Newmont Mining’s 90% owned subsidiary Newmont Gold. Net income for the first nine months of 1988 increased to $7…
Shareholders infuriated over Pomac amalgamation
Two weeks after being grilled by several holders of Acadia Mineral Ventures (TSE) stock at that company’s annual meeting (N.M., Oct 24/88), President Donald Smith was back in the hot seat — this time…
Calpine plans to drill deeper at Eskay Creek
A diamond drill with greater depth capacity is being moved into the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) 60 air miles north of Stewart, B.C. A satellite…
Euro-Nevada adds Hemlo area royalty to its portfolio
Toronto-based Euro-Nevada Mining (TSE) has acquired a 2 % net smelter royalty on a Hemlo, Ont., property which may host deep extensions of two of Canada’s biggest gold mines. Owned by a Calgary compan…
Reserves Calculated for Willa Project
A $1-million exploration program was recently completed on the Willa property in southwestern British Columbia by operator, Northair Mines (TSE). The company now has a 77% interest in the gold project…
Tenajon seeks to buy Esso’s interest in SB
Surface diamond drilling on the SB property near Stewart, B.C. intersected a new zone parallel to the Main zone where operator Tenajon Resources (VSE) has been encountering impressive values in both p…