New Canamin in search for copper
With the recent acquisition of interests in two porphyry copper properties, New Canamin Resources (VSE) has joined the search for the next copper mine in British Columbia. The company recently signed …
News
Micham has new Swiss partner
As of October, 1990, International Micham Resources (VSE) has been exploring the Disentis property in Switzerland under an 80-20% joint- venture agreement with Swiss Gold Partnership. Swiss Gold was a…
On the Level (September 16, 1991)
It just gets sillier and sillier — and closer to home. I’m referring to costly hurdles being thrown at mining developments by aboriginal groups. I recently wrote about a situation in Australia where …
Montreal Exchange (September 16, 1991)
Indices in declineBoth the market portfolio and mining and minerals index took it on the chin during the week ended Sept. 10, with the former off by 21.7 points and the latter down by 27.3 points. Dai…
Nevada Goldfields buys claims it had been leasing for mining
Consolidated Nevada Goldfields (TSE) has purchased several mining properties in the Aurora mining district of Nevada for $1.2 million. The Colorado-based junior had been leasing the claims, which incl…
Teck finances Western Copper
A private placement of 200,000 flow-through shares of Western Copper Holdings at a price of 75 cents per share will give Teck (TSE) a 42% interest in the junior company. Teck also has a warrant to pur…
Toronto Stock Exchange (September 16, 1991)
Precious metal stocks hit as gold price drops A big drop in the price of gold during the week ended September 10 put more pressure on North American precious metal stocks and lowered confidence in an …
GOLD FUNDS (September 16, 1991)
BGR Central Net Value $8.41 $4.85 Price $7.38 $4.350 Discount 12.28% 10.3% Value $50,059,635 $73,185,705…
Potash Corp. warrants sold
The province of Sas-katchewan, through CIC Mining Corp., has sold 7.3 million special warrants of Potash Corp. of Saskatchewan (TSE) for proceeds of close to $137 million. Priced at $18.75 each, the s…
Merger proposed between MinVen and United Coin
Denver-based MinVen Gold (TSE) is set to acquire full ownership of the Golden Reward mine in South Dakota by merging with United Coin Mines (TSE). MinVen holds 33% of the low-grade Black Hills heap le…
LAC expands mill for Bousquet 2 ore
A $15-million expansion program, designed to support an increase in production to 2,000 from 1,500 tons per day, will begin immediately at the East Malartic mill, says owner LAC Minerals (TSE). The ex…
Taywin acquiring Mexican property
In concert with numerous other juniors looking further afield for promising mineral properties, Taywin Resources (VSE) recently announced it is participating in a Mexican exploration program involving…