Canyon financing
Canyon Resources Corp. (NASDAQ) has arranged a $20- million financing deal with Meridian Minerals. The cash will allow Canyon to place its jointly-owned Beartrack gold deposit in Idaho, in production….
News
Echo Bay mandate is to increase gold production
Echo Bay Mines (TSE), already North America’s fourth-largest gold mining company, has its sights set on achieving production over the one-million-ounce mark by the early 1990s. The Lupin mine, in the …
Octan completes Terra mine deal (January 30, 1989)
Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…
analysts’ Comments
A gold producer for more than 30 years, LAC Minerals (TSE) is faring quite well, thank you, and is on target to produce a half-million ounces gold by 1991, that figure not including output from the Pa…
Book Review (January 30, 1989)
Two new directories, Active Mines in Arizona and Arizona Exploration Offices, have been released by the Arizona Department of Mines and Mineral Resources to reflect both the condition of the Arizona m…
Base metals boom to last through to mid 1989
While the price of gold has been languishing in the $400(US) per oz range, base metals have been on a tear, in particular zinc and copper, and not forgetting nickel which had an unforgettable year in …
Prime Resources to trade in February
Shareholders of Delaware Resources Corp. (VSE) and Colossus Resource Equities (VSE) recently voted in favor of a business transaction that effectively merged the assets of two companies into a single …
Buyers back after a round of profit-taking Toronto Stock Exchange
Buyers came back today after a short bout of profit-taking earlier in the week. Traders tacked 12.96 pts to the composite index which closed at 3567.84 pts on volume of 26.1 million shares. Despite a …
Engineering studies under way for Meridian Beartrack deposit
Drilling is expected to resume on Meridian Gold Company’s Beartrack deposit (N.M., Dec 12/88) in early spring, said Raymond Threlkeld, regional exploration manager. In the meantime, engineering studie…
INCO LIMITED
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $3,631 $2,994 Long-term debt $1,250 $8…
Study shows precious metals distribution
A re-evaluation of a copper/ nickel prospect in Lake Cty. about 10 miles southeast of Ely, Minn., has shown elevated amounts of palladium, platinum, gold and silver, according to preliminary results o…
Judgment reserved in Scintilore suit
Judgment was reserved recently by a Supreme Court of Ontario judge in a motion seeking to dismiss an ownership claim by Scintilore Explorations (TSE) to the David Bell gold mine at Hemlo in northern O…