Battle Mountain backs out of deal with Noramco
A proposed $40-million deal between Battle Mountain Gold (TSE) and Noramco Mining Corp. (TSE) has collapsed following a review of Noramco’s projects by Battle Mountain. The big U.S. gold miner had agr…
News
Vancouver Stock Exchange Pezim’s Delaware star performer
The Vancouver market has turned much more positive with trading volume and prices reflecting activity at several key gold plays, particularly the Skyline/Iskut River area northwest of Stewart, B.C. It…
Alberta Stock Exchange Tusk to produce gold
In a week when lack of rainfall may have put a damper on the speculative activities of Alberta investors, the Tusk Minerals issue was one of a small group which managed to post gains in their share pr…
Inco, Queenston in joint venture at Upper Canada
Inco Ltd. (TSE) subsidiary Inco Gold has agreed to become a 50% joint venture partner with Queenston Gold Mines (TSE) at the Upper Canada mine property near Kirkland Lake, Ont. Under the agreement, In…
Editorial True picture of a mining town
The image presented of mining, particularly on that most powerful of all mediums, television, is all too frequently a negative one, focusing often enough on hard issues such as accident rates, environ…
Cadmium a player in heated market
Firmness in the market for cadmium is being sustained by strong demand from the makers of nickel- cadmium batteries, Roskill of London reports in a new study on the metal. In the longer term, however,…
Amer. Reserve on ME
Recently listed for trading on the Montreal Exchange was American Reserve Mining (symbol AMI), a company incorporated in 1980 in British Columbia under a different name. The current name came into bei…
Corona boasts net earnings of $3.6m. for second quarter
Second-quarter earnings of $3.6 million (4 cents per share) before unusual items, and $3.3 million (4 cents per share) after unusual items, were recorded by International Corona Resources (TSE) for t…
COATS Trading Features (June 06, 1988)
Placer Pacific, the affiliate of Placer Dome Inc., which is developing several big gold mines in Australasia, traded 64,475 shares today. The price advanced to $2.30 per share. Winteroad Resources was…
St. Genevieve Res. reports loss in ’87
A net loss of $3.8 million (47 cents per share) was reported by St. Genevieve Resources (ME) during 1987, compared with a loss of $11,980 (1 cents per share) for the previous year. The company attribu…
News in Brief (June 06, 1988)
Liberian Iron Ore (TSE) has announced that the Liberian American-Swedish Minerals Co. has repaid the balance of $4.677 million(US) of the bank loan it obtained in 1983 to enable it to finance at that …
Galveston loss
A major shareholder of Royex Gold Mining (TSE) with a 21% interest, Galveston Resources (TSE), reports a net loss of $333,000 (1 cents per share) for the three months ending March 31, compared to a n…