1989

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…


Minerals division shines for Noranda

The minerals division of resource giant Noranda Inc. (TSE) exceeded all expectations last year, making minerals a close second to Noranda’s forest products division in terms of earnings, says the comp…


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) …



Jolu surpasses expectations

With so much attention focused on new mines that have fallen short of expectations, a modest sized gold mining operation in Saskatchewan’s La Ronge district is surprising just about everyone by produc…



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…


Atkinson enters Jascan/Atlantic control battle

A battle for control of mining assets owned by Toronto exploration affiliates Atlantic Goldfields (COATS) and Jascan Resources (TSE) has taken a new twist. In the midst of the battle, Kash Investments…


Pezgold terminates option at Red Lake

Following an unsuccessful drilling campaign on Jamie Frontier Resources’ (COATS) Red Lake gold property in northwestern Ontario, Pezgold Resource Corp. (VSE) has terminated its option to explore the c…



Asquith completes Shining Tree work

An exploration program consisting of 21 diamond drill holes has been completed by Asquith Resources (COATS) on the company’s Shining Tree, Ont. gold properties. On the Buckingham mine claims, the comp…


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