Alberta Sotck Exchange Mohave trades high
An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…
News
Muscocho/Echo complete deal
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
Beardmore mill offically open
Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…
Rio Algom and Falconbridge win safety, first aid awards
Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…
Atlantic Report Tin operation back on track
The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…
News inBrief (May 09, 1988)
New Century Resources (VSE) has executed an option with Buxton Placer Exploration to acquire a 50% interest in certain placer leases in the Likely area of British Columbia. Because of uncertainties re…
Metal Prices FREE MARKET (May 09, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 3 May 2 Apr. 29 Apr. 28 Apr. 27 Copper 1184-1186 N/A 1140-1142 1100-1110 1146-1147 Lead …
INSIDER TRADES (May 09, 1988)
Agnico-Eagle — P. Penna bought 200,000 to hold 266,152. Amer Barrick — J. Garbutt sold 22,644 to hold 4,200. Aurora Corp — L. Payton bought 13,500 to hold 53,500. Cominco — Teck Corp bought 456,40…
Cathedral drilling
A $1-million exploration program involving a minimum 20,000 ft of drilling is planned this year for Cathedral Gold Corp.’s (tse) Takla Rainbow project 95 miles northeast of Smithers, B.C. Approximatel…
Tandem/Storiman ventures release Moss Twp. results
With the expected demise of flow-through financing, partners Storimin Exploration (ASE) and Tandem Resources (ME) have some major decisions to make at the Moss Twp. property, west of Thunder Bay, Ont….
Newmont sells stake in Sherritt Gordon
Newmont Second Capital Corp. a wholly-owned subsidiary of New York-based Newmont Mining, recently sold its 34% stake in Sherritt Gordon Mines (TSE) for approximately $40.8 million(US). Sprott Securiti…
Barrick chairman vows to continue growth through acquisitions
In an annual meeting speech, delivered with all the gusto of a southern baptist preacher’s Sunday morning sermon, American Barrick Resources (TSE) Chairman Peter Munk promised recently not to digress …