NEWS IN BRIEF EL-Equip Inc.
El-Equip Inc. of Elliot Lake, Ont., recently obtained a technology supply contract with Codelco, Chile’s state-owned mining conglomerate. The contract, worth $400,000, is for the supply and installati…
News
Seabright merges with Corner Bay, will change name
A wholly owned subsidiary of Seabright Explorations (TSE) has merged with Corner Bay Resources, a private Toronto-based company with properties in the Chibougamau area of northern Quebec. At the end o…
Noranda to resume drilling on Golden Highway project
After a disappointing performance in 1990, when the company was forced to close both its Kremzar and Ketza River gold mines, Canamax Resources (TSE) is pinning its hopes on the Golden Highway project …
U.S. REPORT Cactus West to explore Bank of Idaho
Conforming with a trend to test old copper porphyry deposits for gold content, Cactus West Exploration (VSE) is planning a program for its Bank of Idaho property in southwestern Idaho. Cactus West acq…
OBM celebrates 100 years in operation
The Ministry of Northern Development and Mines (MNDM) will celebrate its 100th anniversary on May 4. Established in response to significant copper-nickel discoveries in the Copper Cliff area during th…
NEWS IN BRIEF Gateford Resources
Gateford Resources (ASE) has made a takeover bid for all the outstanding shares of Landmark Corp. Under terms of its offer, Gateford will issue 11 treasury shares for each 13 shares of Landmark. Gatef…
Mining services
The mining consulting firm of Derry, Michener, Booth & Wahl may have dissolved its partnership practice toward the end of 1990, but its Mining House division of Toronto carries on. Charles Pitcher, a …
NEWS IN BRIEF Audrey’s first-quarter profit better than previous
Weak metal prices combined with a strong Canadian dollar forced Audrey Resources (TSE) to break out the red in 1990. The Montreal-based polymetallic producer reported a loss of $2.9 million or 19 cent…
U.S. REPORT High costs at Copper Range cut into Metall’s earnings
Lower than anticipated production, high costs at the Copper Range mine in northern Michigan and a drop in base metal prices all combined to slash Metall Mining’s (TSE) annual income by over 90%. The C…
Shareholders propose merger for Dickenson
A private company that claims to represent institutional shareholders of Toronto-based Goldcorp Investments (TSE) and subsidiaries Dickenson Mines (TSE) and Wharf Resource (TSE) says it wants to find …
GOLD FUNDS (April 29, 1991)
Gold funds as of Apr. 23 BGR Central Net Value $9.22 $5.14 Price $7.63 $4.650 Discount 17.25% 9.5% Value $54,887,148 $78,232,995…
LETTERS TO THE EDITOR Production dates get pushed back
In the 1986 annual report of Madeleine Mines the company states that “in the event that no merger is consummated, Madeleine has the option to bring the Lac des Iles property (a platinum group metals p…