Alberta Stock Exchange Biron among gainers
While concerns over rising interest rates were felt on the New York and Toronto stock exchanges, some Alberta gold stocks were posting some of the highest gains in recent months. Jefferson Valley Gold…
News
Metals Snips
News out of Australia has the Labor government saying it will introduce a tax on gold-mining profits in 1991. Producers of the yellow metal there haven’t paid any taxes since 1925. Australia turned ou…
Brex, Mirandor on ME
Two Ariel group companies, Brex Exploration of Montreal, Que., and Mirandor Exploration of Val d’Or, Que., were recently listed for trading on the Montreal Exchange (symbols BX.A and MIQ.A, respective…
Metal Snips (June 06, 1988)
A new $1-billion aluminum smelter to be built by a consortium of Japanese, European and North American firms is in the works for Quebec, according to the Quebec provincial government. The site has not…
Correction (June 06, 1988)
A bulk sampling program at the Theresa gold property near Longlac, Ont., will mine out up to 3,000 tons of rock for testing, partners Duration Mines (TSE) and Locator Explorations (VSE) say. In last w…
Gross award is presented
The first William Harvey Gross award, consisting of a medal and a cash supplement through an endowment provided by Lacana Mining Corp., was awarded to Robert Kerrich of the University of Saskatoon by …
Wawa area survey results released by Ont. ministry
The result of a recently completed airborne geophysical survey covering an area of 4,000 sq km surrounding Wawa, Ont., have been released, Mines Minister Sean Conway said recently. “These are the firs…
Euro-Nevada acquires Marigold interest
Euro-Nevada Mining Corp. has entered into an agreement for the acquisition of a 3% net smelter return on the Marigold mine near Battle Mountain, Nev., fo r $2,187,500 (US), decreasing to 1.75% nsr aft…
VSE halts Carter/Ward stocks until management changes made
A number of companies associated with promoters David Ward and Edward Carter have been halted by the Vancouver Stock Exchange until management changes are made. The VSE contends their continued associ…
Windarra planning major exploration
Windarra Minerals (VSE) reports that its initial private placement with Hemlo Gold Mines (TSE) has been completed. The placement consisted of two million shares at $2 per share, providing $4 million t…
Stan West financing
An $8.5-million debt financing has been completed by Stan West Mining (TSE) which will fund development at the company’s McCabe gold project in Arizona. Placed with Elders Finance Group, an Australia…
Strike at Inco averted, nickel prices still high
In times of prosperity, Inco Ltd. (TSE) has shown that it is prepared to share the spoils with its employees. That became obvious recently when about 6,300 hourly paid Inco workers voted to accept a n…