Editorial The right to mine
The following is from a presentation on mining law in Canada by Reginald Tays, property manager at Falconbridge Ltd. Most prospectors have always felt that if they acquired title to a mining claim, …
1989
Dofasco ups stake in Quebec Cartier
Hamilton-based steelmaker Dofasco Inc. (TSE) says it has agreed to purchase the remaining 75% interest in Quebec Cartier Mining Co. from USX Holdings of New York for an undisclosed sum. Last month, Do…
Total moves into Idaho
Total Energold Corp. (TSE) has acquired the Gold Star project near Salmon, Idaho. The claims are 15 miles northeast of the Beartrack gold deposit controlled by Meridian Minerals. The Beartrack deposit…
Metal Prices FUTURES PRICES (April 24, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr143.25 142.00 142.80 + 1.80 May141.10 139.10 140.90 + 0.90 Jul133.50 131.50 …
Higher cost won;t stop Golden Bear
Although capital costs have almost doubled to $70 million since the initial feasibility study, North American Metals (VSE) and Chevron Minerals will proceed with the development of their Golden Bear p…
Breakwater aiming to develop Estrades
After Teck Corp. (TSE) paved the way by terminating its 60% back-in right, Breakwater Resources (TSE) reached a deal to earn up to a 70% interest in the Estrades property in the Casa Berardi region of…
Northgate has banker image after 1988 spending spree
Although it is still listed as a Canadian mining company, Toronto-based Northgate Exploration (TSE) looked more like an investment banking firm in 1988. By investing more than $134.6 million in 12 Nor…
Falconbridge bid values Raglan at about $56 million
Falconbridge Ltd. (TSE) is making an offer to acquire the remaining 26% interest of New Quebec Raglan Mines (TSE) that it doesn’t already own. The bid includes a $5.36 per share cash offer, or one Fal…
USMX reduces loss as revenues increase
The successful start-up of the Green Springs gold mine in Nevada has generated improved financial results for USMX Inc. (NASDAQ) in 1988. The Colorado-based company reported a net loss of $55,000(US) …
Vancouver Stock Exchange Red Fox active, high flyers drop
While the Vancouver market remained in the doldrums over the past week, brokers and investors here are taking note of a recent upswing in trading activity in New York and Toronto. A lukewarm economy a…
Diepdaume financing for Timmins projects
Toronto-based Diepdaume Mines Ltd. (VSE) proposes to issue 500,000 units representing one million flow-through shares (one unit two shares) at 60 cents per unit, provided it gets approval from all app…
New LME tin contract to start in June
The London Metal Exchange (LME) will begin trading in a new tin contract June 1. LME Chief Executive Michael Brown said a decision to resume tin trading after more than three years was made by the exc…