Winston Lake zinc mine a boon for North Shore
Ontario’s first base metal mine to open in eight years, the Winston Lake zinc mine 23 km northwest of here, was hailed as a boon for communities along the north shore of Lake Superior during opening c…
News
Lac reports higher earnings in 2nd quarter
Second-quarter earnings by Lac Minerals (TSE) were 23% higher than for the same period in 1987, and more than twice those recorded during the first quarter of this year. The Toronto-based gold produce…
Fleck completes resampling program on Marathon property
Fleck Resources (VSE) says an extensive resampling and assaying program on more than 2,500 samples has been completed on its Marathon platinum group metals deposit near Marathon, Ont. Assays from the …
Cambior eyes Gordex’s new Maritime gold zone
In a small, modern office on Union Street in the downtown core here, Morton Gordon, chairman of Gordex Minerals (TSE) (and six other publicly- listed gold exploration companies), recounts his earlier …
FINANCING (August 01, 1988)
ONTARIO Released From Escrow PPC Oil & Gas Cor. — 230,103 shs released. VANCOUVER Vishnu Res — gross proceeds rec $152,000. First Star Egy — opt exerc on 120,000 @ $0.3025. Killick Gold — gross pr…
Ketza River mine in Yukon second for Canamax
It’s now two down and counting for Canamax Resources’ (TSE) chief executive officer, John Hansuld, who has promised a new mine a year for five years. In fact he’s ahead of schedule with the official o…
JFederal ruling on flow-through
Federal Finance Minister Michael Wilson has ruled that parties in a flow-through share agreement have up to 60 days after entering the agreement to set the price of the shares. This marks a change fro…
Falconbridge adjusts subscription price
Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share divi…
Black Swan seeking more Australian gold
After having achieved gold production within three years of a public listing — a rare enough accomplishment for a junior mining company — Black Swan Gold Mines (VSE) now expects to pay back its shar…
Petromet Res. pins hopes on ex-Consolidated Rambler bet
There aren’t many junior explorers around which can walk into an exploration property and expect to be in production within a year. But that is the position which Petromet Resources (TSE) and joint ve…
Upgrading plant equipment helps keep CCR competitive
Canada’s biggest secondary producer of gold is one of the largest copper refiners in the world. Canadian Copper Refiners (CCR), which traces its beginnings back to 1928 when a business decision was ma…
Agnico-Hecla
Agnico-Eagle Mines (TSE) and Hecla Mining of Coeur d’Alene, Idaho, announced that, subject to approval of their boards of directors, the companies will form a joint association for exploration of prec…