MVP’s first-auarter loss raises shareholders’ ire
Ian McAvity, president of MVP Capital (TSE) faced a withering barrage of quesions from angry shareholders at the company’s annual meeting. Shareholders vented their anger at the meeting, demanding a…
1989
Black Hawk buys Minago nickel prospect
Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…
Bank tells Chelsea to pay $2.1 m loan
Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….
Agnico to swallow a poison pill
Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…
Vancouver Stock Exchange Bargain hunters scoop up juniors
Business may be getting back to normal on the VSE after the recent windstorm of bad press by several leading U.S. business publications, but that still means low share prices and declining volumes in …
Bunker Hill drilling returns good intercept
Underground drilling has encountered a probable extension to the Quill zone at the Bunker Hill zinc-lead-silver mine at Kellogg, Idaho (N.M., May 22/89). Bunker Hill Mining (VSE) re-activated the oper…
Bitech starts Betts Cove work program
An exploration crew has been mobilized by Bitech Corp. (ASE) to begin a $350,000 work program on the old Betts Cove mine property in Newfoundland. The Betts Cove property hosts one of the province’s o…
Quebec recognition
Five mining companies and a veteran prospector were recently recognized by the Quebec government for their contributions to the mining industry. Premier Robert Bourassa and Raymond Savoie, minister re…
Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…
Drilling cuts PGM values at Big Trout Lake property
International Platinum Corp. (TSE) has drilled its best holes ever on the Big Trout Lake platinum- palladium property in Ontario. Five of tens holes intersected platinum- palladium values in excess of…
Editorial Resentment
In the wake of the federal budget, G. D. Dickson, a reader from North Vancouver, B.C., has reminded us of a poem by Robert Service. In the last stanza of his poem, Resentment, after he has described t…
Costs too high for Giant Yellowknife
The main challenge facing Giant Yellowknife Mines (TSE) is reducing operating costs and increasing the profit on each ounce of gold produced, President Adrian Fleming said at the annual meeting. Giant…