Conwest to issue convertible debentures
Conwest Exploration recently entered into a “bought deal” underwriting agreement with McLeod Young Weir, Merrill Lynch Canada and Dominion Securities. Under the agreement, the underwriters will purcha…
News
Base-metal prices on move upwards
Is the rise in precious metal prices having a positive effect on base metals? Copper, which sold for an average price in 1986 of 62 cents (US) per lb, is currently over the 70 cents mark; lead, with …
Reorganziation for Kennedy?
Could you please furnish me with an update on Kennedy Resources Inc. They did not renew their listing a few years back and were associated with Consolidated Cinola Mines, before they changed to City R…
COATS Trading Features (May 18, 1987)
Belleterre Quebec Mines and Boston Bay Mines were both better this week, up to 60-65 cents and $3.50-$4 respectively. Belleterre owns 40% of Boston Bay which owns the property where TSE-listed Madele…
Goldpost expects to raise $4.4 million
Share prices of Toronto-listed Goldpost Resources jumped from $1.60 to a new high of $2.75 last week, one week before the company’s Class B warrants become due. Asked for an explanation at the company…
Canadian postal dispute?
There is a possibility of a dispute in the Canadian postal service within the next few weeks, which would disrupt mail service. Should this happen, subscribers in Toronto, Montreal and Vancouver may o…
Outland Res. options Que. platinum/gold bets
Outland Resources says it has optioned three large properties in the Labrador Trough area of Quebec where recent sampling by Quebec government geologists have discovered high values in platinum group …
High River, Nor-Acme to develop Snow Lake
Underground exploration is expected to start shortly on the Snow Lake gold property, following the completion of an agreement between Nor-Acme Gold Mines and High River Resources. The latter company h…
Outokumpu Mines buys 40% stake in Namew Lake
A 40% interest in Hudson Bay Mining and Smelting’s high-grade Namew Lake nickel deposit has been purchased for $5.2 million by Outokumpu Mines. Located in Manitoba, the Namew Lake deposit hosts reserv…
Taywin plans more work on its Electrum property
More work is planned this year on Taywin Resources’ Electrum property on Vancouver Island. According to J. Donald Graham, president, the program will include metallurgical testing of ore grade drill …
Editorial Inco does it again
What is possibly the world’s first all-electric operation for a hardrock mine, Inco Ltd.’s Crean Hill nickel-copper mine at Sudbury, Ont., has shipped its first train load of ore to mark the beginning…
Analysts not ecstatic on Dome/Placer merger
The merger of Placer Development, Dome Mines, and Campbell Red Lake Mines, has generated mixed reviews from Canadian mining analysts. Few are outright ecstatic about the plan but they tend to agree th…