Stratmin making rights offering
Montreal-based Stratmin (ME) is hoping to receive about $6 million from a rights offering. Holders of the company’s A shares, as of the close of business Dec. 19, will receive three rights for each sh…
1990
Toronto Stock Exchange Indices (December 31, 1990)
Dec.25 Dec.24 Dec.21 Dec.20 Dec. 19 HIGH LOW Composite “300” Holiday N/A N/A 3255.43 3253.74 4009.47 3009.91 Metals & Minerals Holiday N/A N/A 2769.88 2784.22 3453.06 2502.63 Integrated Mines Holiday …
Trimin share buyback stalled
A formal valuation of the shares of Trimin Resources (TSE) may be required before the company can proceed with a buyback offer for up to 2.2 million of its shares. The company applied to various secur…
Share volumes tumble in market slump
When people can’t sleep at night worrying about their investments, they tend to stay out of the stock markets, says Fred Ketchen, director of equity trading at Toronto- based ScotiaMcLeod Inc. Accordi…
U.S. REPORT Placer drilling on Talapoosa project
An 8,000-ft. drilling program has started on the Talapoosa project in Lyon Cty., Nev. The U.S. unit of Placer Dome (TSE) is the operator on the property and can earn a 51% interest from Athena Gold (V…
Guyana gold find reported by S.A. Goldfields, Denison
Joint venture partners South American Goldfields (TSE) and Denison Mines (TSE) have reported a new high-grade gold discovery near a former gold mine on their Aurora property in Guyana. The partners re…
Security expert says attitudes changing
The head of a growing mining security company says industry attitudes toward security in the workplace are starting to change. Ray Rose, president of Sudbury- based Cambrian Alliance Protection Servic…
Cobalt to be subject of feature film
Cobalt, Ont., the cradle of the province’s mining industry, has been chosen as the subject of a full-length film production. It is designed to recreate the legendary figures and document the major eve…
Mining and guitars: fining relevance for students
According to Mark Twain, “Everyone complains about the weather, but no one does anything about it.” Mining people have long complained that students in Canadian schools know little about our industry …
Minnesota drilling by Int’l. Platinum
A new drill hole to a depth of about 1,360 ft. has been completed on the Birch Lake platinum group metal property in Minnesota, International Platinum (TSE) reports. The drilling took place north of B…
LAC cuts 145 ft. of 0.29 oz. at Rosebud full results held back
Drilling on the Rosebud property has cut a 145-ft. intersection grading 0.29 oz. gold and 0.94 oz. silver per ton from 637 ft. to 782 ft. The hole including a 60-ft. section grading 0.62 oz. gold and …
Minnova, Aurlot drop Janus metal prospect
Following disappointing results from the Janus exploration project in Oregon, Minnova (TSE) and Aurlot Explorations (COATS) have abandoned the polymetallic prospect. Aurlot, which held the right to ea…