News

Letters to the Editor Franc Joubin had it straight

Apropos my recent Odds ‘n’ Sods memoir anecdote (N.M., May 30/88), about “Black Angus,” my critic Eric Ascroft (letter, Northern Miner issue of June 13/88) has reason for his confusion, exceeded only …


COATS Trading Features (June 20, 1988)

Transgold came back to life this week, trading more than 150,000 shares to close at 90}. Just two weeks ago, the issue was quiet at 55}. The company’s main asset is a major land position in the Wawa- …


Rio appointments beef up mining wing

Toronto-based Rio Algom (TSE) is beefing up its mining wing with a couple of appointments in the company’s executive suite. President Ray Ballmer will become the company’s new vice- chairman Aug 1, wh…


INSIDER TRADES (June 20, 1988)

Amer Ore — G. Oughtred bought 75,000 to hold 205,000. Gldn Briar — Flag Res (1985) bought 16,000 to hold 869,266. Gldn Shadow — E. Rosenberg bought 147,500, sold 175,000 to hold 128,285. Imperial M…


Equinox studying chance of new mill

Operating cash flow for Equinox Resources for the six months ended April 30 was $605,000 or 14} per share. Total exploration and capital expenditures were $2.9 million of which $402,000 was expended o…


Montreal Exchange (June 20, 1988)

Better market showing A volatile gold price notwithstanding, the market continued to strengthen this past week, with both the market portfolio and mining and minerals index registering sizable gains (…


Metal Prices FREE MARKET (June 20, 1988)

London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1…


Sikaman, Centenary in joint venture

A joint venture agreement has been entered into by Sikaman Gold Resources (TSE) and Centenary International Mining of Australia to develop a base metal property in northwest Australia. Sikaman may ear…


VSE approves cleanup plan

Stung by media criticism over its role in a scam that saw United Services Funds of San Antonio, Tex., defrauded out of millions of dollars, the Vancouver Stock Exchange has approved a “broad action pl…


Newmont’s debt reduction strategy, is paying off

New York-based Newmont Mining is still attempting to recover from a $2.2-billion dividend paid out last October to thwart a takeover bid by Texas oilman T. Boone Pickens. Net income for the three mont…


Balcor drilling extends depth

Diamond drilling has extended the depth of the North Shoot discovery at Balcor Resources’ (VSE) Lasthope deposit in Manitoba. Hole No 175 returned 11.6 ft of 0.26 oz gold and No 180 yielded 10.7 ft of…


Gold Standard files claim over Mercur

Gold Standard has launched a second lawsuit in its bid to regain control of the Mercur mine in Utah from American Barrick Resources. While Gold Standard already holds a 15% net profits interest in the…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close