Mimiska copper find
A new nickel-copper-platinum showing has been discovered by Societe Miniere Mimiska (ME) on its recently optioned Contact Bay property near Dryden, Ont. Mimiska can earn a 100% interest in the claims …
News
Ican forecasts 200 million tons at Racey
Calgary-based Ican Minerals (TSE) continues to intersect strong widths of low-grade gold mineralization on the Racey property in Oregon, the company says. Although Ican is awaiting check fire assays, …
Geddes President urges CIM to back Windy Craggy plan
Geddes Resources (TSE) President Gerald Harper recently urged his mining industry colleagues to get behind the Vancouver company’s bid to bring the Windy Craggy copper project in British Columbia into…
Royal Oak lays off 121 people in bid to cut Pamour costs
As promised, Royal Oak Resources (TSE) has lowered its axe on the Pamour group of companies in an attempt to cut operating and administrative costs. Having purchased control of Pamour (TSE) in Novembe…
Harvey to remain as Hemlo President
Despite rumors to the contrary, Hemlo Gold Mines (TSE) President John Harvey says he has no plans to resign from his position. Harvey says he hopes to continue as president of the 50.8% owned Noranda …
Orex, Onitap reach agreement on suit
A legal dispute related to the Goldboro gold project in Nova Scotia has been settled out of court by Onitap Resources (TSE) and Exploration Orex (ME). (T.N.M., Dec. 17/90. Orex, which initiated the le…
Inco Gold profit picture revealed
In the first nine months of the year, Inco Gold, a unit of Inco (TSE), showed a profit of US$6.6 million, compared to a loss of $3.7 million in the year-earlier period. The significantly improved prof…
U.S. REPORT Atlas drops into red in first quarter
A drop in both the price of gold and production levels help to explain a loss of US$688,000 for Atlas (NYSE) in its first quarter ended Sept. 30. The results compare to a net income of US$607,000 in t…
NEWS IN BRIEF Coronada Resources Inc.
Coronado Resources Inc. (CRD:VSE) has changed its name to Iron King Mines Inc. (IRK:VSE) with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
FINANCING (December 24, 1990)
Vaalco Energy Inc. — 38,333,333 shs offered @ 60 cents per sh. Golden Eagle Resources Ltd. — 1,500,000 shs offered @ 10 cents per sh.
Pezim vows to fight B.C. trading ban
Murray Pezim is back in Vancouver preparing to 0000,0509 appeal a decision by the British Columbia Securities Commission to ban him from trading on the Vancouver Stock Exchange for a 1-year period. Th…
Golden Bear output below forecast
Losses continue to mount for North American Metals (TSE) as a result of technical problems at the 50% owned Golden Bear mine in northwestern British Columbia. The mine has produced only 10,801 oz. of …