Editorial A good basis for investment
Remember Erik Nielsen? His was a long career as the Progressive Conservative member for the Yukon, but perhaps his greatest legacy was an ambitious review of all federal funding programs, even though …
News
Montreal Exchange Market moves ahead
A second consecutive holiday- shortened trading week seems to have been to the liking of investors on the ME, where the market portfolio and mining and minerals index recorded gains of about 18 pts an…
D’Or Val/Perron amalgamation gets board approval
The boards of directors of two Hughes-Lang firms, D’Or Val Mines (TSE) and Perron Gold Mines (ME), have approved a plan of amalgamation for the companies. Name of the new corporate entity has not been…
Borealis ends fiscal year with $16 million in bank
Still without an ounce of mineral production to its credit, Arctic explorer Borealis Explorations completed its financial year with over $16 million in cash and securities. Deferred exploratory and de…
Montreal Exchange adds 3 listings
Three resource-related companies — Aurtec Mining Development (symbol AUD), Equity Reserve (symbol EQR) and Orbite Exploration (symbol ORT) — were recently listed for trading on the Montreal Exchange…
Dickenson acquires Goldquest shares
Dickenson Mines (TSE) has completed the acquisition of Cambior Inc.’s (TSE) 34% interest in the Arthur W. White mine located near Red Lake, Ont., for $52 million, subject to adjustments for working ca…
Drilling resumes at Eastmain
Diamond drilling has been resumed on Eastmain Resources’ (TSE) joint venture projects with partners Westmin Resources (TSE) and MSV Resources (ME) in the Eastmain River area of northwestern Quebec. Th…
Grants to Laurentian
Government grants totalling $49,700 will be used by Laurentian University at Sudbury, Ont., to examine and report on the current status of research in remote sensing and its potential application to m…
Toronto Stock Exchange Rate concerns ignored asrally reaches new
Interest rate fears took a back seat to investor desires to squeeze out more profit from the summer rally. During the week, the composite reached a new high before settling back to 3,454.9 pts — down…
Coin Lake prevails for U.S. gold mine
Gold production from the Golden Reward property in South Dakota is expected to begin within six months, Thomas Skimming, chairman and chief executive officer of Coin Lake Gold Mines (TSE), told shareh…
Platinova, Corona form joint venture
Toronto-based Platinova Resources (TSE) and International Corona Resources (TSE) have agreed to become joint venture partners, at Platinova’s East Greenland exploration concessions. In 1987, extensive…
Probable reserves up at Addington
Recent drilling has increased probable reserves on the Addington gold property in southeastern Ontario. Michele Gold Mines (VSE), which has an option to earn a 49% interest from Cathedral Gold Corp. (…