Viceroy to start gold production next summer
With major permits granted and financing arranged, Viceroy Resources expects to begin production at its Castle Mountain heap leach gold property in San Bernardino Cty., Calif., by next summer. The $11…
News
PCA shareholders give nod to offer by Rio Algom
Preferred shareholders of Potash Co. of America (pca) have voted in favor of an amalgamation between their company and a wholly-owned subsidiary of Rio Algom Ltd. Rio Algom reports the preferred share…
A necessary delay
The lawsuit between International Corona Resources and Lac Minerals has developed into much more than a dispute within the mining industry. The case is now going before the Supreme Court of Canada and…
Some light in dark days
What with the fall of insider-trader Ivan Boesky, the market crash on Black Monday, and the recent release of a film, “Wall Street”, which excoriates the whole industry, it hasn’t been exactly a happy…
Uncertainty needs to be cleared up
If there was ever a time of uncertainty about financing junior minin g companies, it’s the last quarter of 1987. Did Michael Wilson’s white paper on tax reform spell the end of flow-through? Will chan…
Montreal listing for Spirit Lake
A Toronto-based junior mining company, Spirit Lake Explorations, inactive for many years prior to being revived in 1986, was recently listed for trading (symbol sel) on the Montreal Exchange. The comp…
Cominco participates in Chile gold deposit
VANCOUVER — In its second production decision this year, Cominco Resources International will participate in the development of the Marte gold deposit in north- central Chile. The project falls withi…
Investment Comment Cortez acreage makes Coral a buy
Despite its prominent land position in the Carlin and Cortez gold trends near Elko, Nev., little has been heard lately from a Vancouver- based exploration company called Coral Gold. While American Bar…
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…
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…