Western Mng. bids for Grandview Res.
VANCOUVER — Subject to shareholders and regulatory body approvals, Western Mining Corp., through its wholly-owned subsidiary wmc (bc) will take control of Grandview Resources. The Australian mining g…
News
COATS Trading Features (December 28, 1987)
Newly-listed Strike Minerals showed some life, trading more than 78,000 shares this week. The company, which is one of the handful of coats juniors to raise any money after the Oct 19 crash, is explor…
Northumberland comes back with program of its own
The breakup last week of a lengthy 2-year courtship between Toronto-listed junior Northumberland Mines and nickel giant, cum- gold explorer Inco Ltd. may prove to be the best thing that could happen t…
Mining community protests flow-through changes
A large group of mining industry people concerned about the future of flow-though funding attended a pre-Christmas rally in Val d’Or, Que., organized by the Quebec Prospectors Association. Regie Labea…
Misima to give Place Dome 210,000 oz a year
VANCOUVER — Determined to maintain its position as North America’s largest gold producer, Placer Dome has announced yet another mine development — this time at its Misima gold property in Papua New …
Shareholders question Giant Bay option deal
What constitutes a fair option? That was the question on everybody’s mind at the recent Giant Bay Resources annual meeting. Indeed, most of the discussion period centred around President Claus Jensen’…
Montreal Exchange: Light trading week
Light volumes highlighted trading on the Montreal Exchange this week, with positive values dominating at week’s end. Both the market portfolio (general index) and the mining and minerals index had gai…
Pamour parent gaining new Australian owners
The Australian parent of Pamour Inc. is gaining new controlling shareholders. Giant Resources, which in addition to Australia and Canada operates in New Zealand and South America, and which controls P…
Sandhurst gets interest in Cdn.-United Minerals
Australian- based Sandhurst Mining N.L, through its wholly-owned subsidiary, Levelscope Ltd., has agreed to purchase 19.9% of the outstanding shares of Canadian-United Minerals. The company will spend…
Western makes $92-million bid for Nova Scotia gold producer
Terry Coughlan has accomplished what most in the industry only dr eam of. Over the past seven years he has built the largest single portfolio of gold properties in Nova Scotia under the banner of Seab…
LMX among big traders
With 1987 coming to a close most investors are out of the market and are setting strategies for next year. Not surprisingly, some are still licking their wounds from the Oct 19 crash and it will take …
Wharf holding boosts output for Dickenson
Toronto-based Dickenson Mines appears well on its way to boosting its gold output significantly after gaining effective control of Wharf Resources of Calgary. With its 66% interest in the Arthur W. Wh…