Falconbridge pays $960 million for independence
A few days ago a small airplane buzzed by outside the window of William James’ office on the 40th floor of Commerce Court, in downtown Toronto. The Falconbridge Ltd. (TSE) 0000,0600 chairman was intri…
News
Rumors of Asamera unrest
Rumors of unrest within the hierarchy of Asamera Inc. (TSE) and its minerals subsidiary are apparently not unfounded. Bruce Kennedy, Asamera Minerals’ dynamic ex-president, has left and several other …
Inspiration sells U.S. subsidiary
Inspiration Resources Corp. (TSE) has completed the sale of substantially all the assets of its U.S. subsidiary, Inspiration Copper Co., to Cyprus Minerals Co. for approximately $125 million in cash. …
Perrex drill program
A 30,000-ft drill program is in progress on the Iris gold property held by partners Perrex Resources (ASE) and The Alberta Gold Exploration Corp (ASE). Located in the Harker-Holloway area east of Math…
CoCa Mines sought by USMX
Explaining why its recently proposed merger with Pegasus Gold (NASDAQ) ended in failure, CoCa Mines (NASDAQ) said in a shareholder’s letter that it also held serious negotiations with USMX Inc. of Den…
Placer Pacific gets Australian prospect
In a package deal that involves two separate agreements, Placer Pacific, a subsidiary of Placer Dome (TSE), has acquired a potential gold producer in Western Australia and a number of other properties…
Lac Moves on Jonpol project
Trucking of ore from a Garrison Twp., Ont., property to the Macassa mill in Kirkland Lake will be considered by Lac Minerals (TSE), a Lac spokesman tells The Northern Miner. The operation is contingen…
Euro-Nevada’s Hasbrouck property dealt to FMC
Royalty specialist Euro-Nevada Mining (TSE) has granted to FMC Gold, an option to buy its Hasbrouck Mountain Gold property near Tonopah, Nev., for $2.39 million(US), the company said recently. Under t…
Quebec STurgeon group follows St. Andrew lead
A concerted drive toward production at the Stock Twp. property near Timmins, Ont., has made St Andrew Goldfields (TSE) the star in Quebec Sturgeon River Mines’ (TSE) group of four mining companies. Th…
Southern Era Resources
Toronto-based SouthernEra Resources (TSE) has completed an initial public offering in Ontario and British Columbia of one million units at 80 cents per unit, the company said recently. Each unit cons…
People (July 04, 1988)
Mining Association of Canada — At the 44th annual meeting held in Ottawa recently, Norman B. Keevil, Jr. was elected chairman succeeding Dr Walter Curlook.
Higher prices for zinc a godsend for Mineral Resources
Citing the recent upswing in zinc prices, Nanisivik Mines President Graham Farquharson told shareholders recently that they are in a very advantageous position. “The price of zinc is going through a p…