Commodities — the last 100 years and the ’80s
The futures market in metals began about a century ago because Chilean copper took about three months to get to England in the ships of those days. Traders needed to know the price they could deal at …
News
Willans mystery on television
Followers of the Dan Willans saga may be interested in a television program, Unsolved Mysteries, which will devote part of its Jan 11 show to the mining man and his mysterious disappearance in 1936. A…
Gold Texas seeks court injunction
An injunction is being sought by Gold Texas Resources (VSE) against Malartic Hygrade Gold Mines (VSE) which, if approved, would prevent the latter from voting its shareholding at any Gold Texas shareh…
Northgate boosts Geddes shareholding
A private placement of one million flow-through shares at $1.50 per share has been arranged by Geddes Resources (TSE) with Northgate Exploration (TSE). The placement is subject to regulatory approval….
Investment Comment Cambior keeps on growing
Cambior Inc. (TSE) dramatically entered the ranks of Canadian gold producers with the largest-ever initial public offering made in Quebec. The $150-million issue was warmly received late in the summer…
BHP, Glencairn drilling
BHP Utah Mines is beginning a 4,000-ft drill program on a property held under option from Glencairn Explorations (ASE). Known as the Blue Mountain property, the claims are located west of Kirkland Lak…
Britsh Columbia bans exploration in all parks
In an effort to reduce escalating confrontations over land use in British Columbia, Parks Minister Terry Huberts and Mines Minister Jack Davis formally announced in late December that mineral explorat…
NLX Resources testing Gowganda silver bet
An underground drilling program, currently under way on NLX Resources’ Gowganda, Ont., silver property, continues to yield encouraging assay values. The program, being carried out under the direction …
U.S. REPORT Green Springs project of USMX operating above design
The Green Springs gold mine of USMX Corp. (NASDAQ) in Nevada is operating “above design levels,” Michael Mehrtens, president, confirms in the company’s latest interim report. The mine also generated a…
Canamax reduces debt load to Amax Gold and Nat West
Denver-based Amax Gold has emerged with a larger stake in affiliate Canamax Resources (TSE). Following Canamax’s decision to repay $5 million of an outstanding loan to the Denver company, Amax has inc…
Oscar plans work
Oscar Giroux Resources, a private company, hopes to conduct a $365,000 exploration program on a group of silver prospects in Lorrain Twp., Ont. The claims include six shafts extending to a depth of 20…
Books in Review Fiduciary update
The first Canadian book which attempts to illustrate how the concept of fiduciary duties apply to business and professional relationships is now available. Fiduciary Duties in Canada attempts to provi…