Granges drops Cross Lake option
Vancouver-based Granges (TSE) recently dropped its option to earn a 60% interest in Cross Lake Minerals’ (VSE) Currie Bowman base metal property near Timmins, Ont. Cross Lake says one of the four hole…
News
Bema completes Norgold acquisition
The acquisition of the remaining outstanding shares of Norgold Resources has been completed by Bema Gold (TSE). Bema acquired 93% of Norgold’s outstanding shares under a takeover bid earlier this year…
Pan East extends debenture term
In order to extend the term of its loan, Pan East Resources (ASE) will amend its Series 1989 debentures. Currently payable on demand, the debentures will become payable on Aug. 31, 1992. As well, the …
WAMIC Fiesta set for Sept. 7
The Women’s Association of the Mining Industry of Canada (WAMIC) has scheduled its “South of the Border Fiesta” for Saturday, Sept. 7, at Sheehan Farms at Caledon East, Ont. The Fiesta, to be open fro…
Corporate split is proposed for Madeleine
In a bid to consolidate some of the holdings within his Toronto mining group, Patrick Sheridan is proposing to split Madeleine Mines’ (TSE) platinum and gold assets into two separate concerns. Pending…
Unlisted Trading (August 19, 1991)
Exploration programs in Manitoba and Mexico helped the share value of Canmine Resources to rebound recently. The company’s stock was in a low-high range of 17-21 cents and 40,000 shares changed hands …
TSE Short Positions (August 19, 1991)
Semi-monthly reports as of July 31, showed 21,418,054 shares of 579 issues compared with 22,733,628 shares of 571 issues on July 15. Larger individual positions included: Amax Gold 0, down 31,900; Ame…
Earnings slip for Equity Silver
First half earnings for Equity Silver Mines (TSE) were $2.7 million this year, compared with earning of $6.5 million in the same period last year. Earnings for the second quarter ended June 30 dropped…
Large wollastonite find uncovered at Lac St-Jean
Exploration has uncovered a 100-million-tonne deposit of wollastonite in the Lac St-Jean region of Quebec. According to the Quebec Ministry of Energy and Resources, this figure makes the deposit the l…
Royal Oak eyes potential in Athabaska
Armed with funds from a recently announced private placement, Athabaska Gold Resources (TSE) is gearing up to resume exploration of its 60% owned Nicholas Lake gold project, 60 miles north of Yellowkn…
EDITORIAL PAGE (August 19, 1991)
Canadians are being taxed into an economic grave. Perhaps it’s time to be taking a hard look at the likes of Algoma Steel. We certainly don’t envy the task of Earl Joudrie, its new chairman trying to …
Arimetco Int’l. completes debenture private placement
U.S. copper miner Arimetco International (TSE) has completed a private placement of US$8.75 million worth of convertible notes to finance development of its Van Dyke porphyry copper project in Arizona…