1990

A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert was in the process of floating a junk bond issue for Curragh Resources of Toronto when it filed for…

Raising $1.1 million in a public offering of 2.2 million units was Sindor Resources. The company also completed a private placement of $500,000, and traded over one million shares between 47 cents and…

In an agreement with Charlim Exploration (VSE), Bonanza Metals (ASE) will acquire a 70% interest in a property bordering the Poirer/Joutel mining concession in Quebec. Bonanza paid $50,000 cash and wi…

The market collapse of October, 1987, followed by a falling price of gold in 1988 and a depressed price for the precious metal for a good part of 1989, had a devastating effect on junior mining compan…

Golden Star Resources has decided to wait until partner Placer Dome (TSE) has finalized plans for development of the Omai gold project in Guyana before going ahead with a previously announced public o…

Year-end estimated exploration and predevelopment expenditures in northern Saskatchewan in 1989 were $71 million, compared with $105 million in 1988. While expenditures on uranium rose, those on gold …

Societe Miniere Louvem (TSE) says that under an arrangement approved before Christmas, it will pay out a 0.935 cents dividend to preferred shareholders of record on Feb. 26. The arrangement between ma…

Earnings for the year ended Dec. 31 were up over the previous year for Teck (TSE). Net earnings for the period were $106 million on revenues of $414 million versus the previous year’s earnings of $105…

Extensive wollastonite mineralization has recently been identified in the Tonopah district of Nevada. According to Sikaman Gold Resources (TSE), the wollastonite mineralization meets industrial standa…

As investment counsellors, we have been arguing successfully that segments of the mining industry offer attractive investment opportunities. The argument can be divided into two phases. The first is t…

Active across Canada, Hecla Mining Co. of Canada continues to seek out attractive mineral properties for exploration and development. In Quebec-Labrador, Hecla Canada is working out the final arrangem…

Toronto-based Euro-Nevada Mining (TSE) reported a net profit of $665,000 or 6 cents per share for the nine months ended Dec 31, compared with $583,000 or 6 cents per share during the same period last …