Pamour takeover delayed again
Acquisition of a controlling interest in the Pamour (TSE) group of companies, originally scheduled to close on Sept. 27, has been postponed once again. Royal Oak Resources (TSE), which stands to gain …
News
OBITUARY Fred Gill
Fred Gill, manager of Latin America for Cominco Resources International, died recently. Gill was a passenger in a chartered boat that sank in a sudden windstorm in Chile’s Punta Arenas region. He was …
NovaGold hits barren zone at Bathurst bet
Three shallow drill holes on NovaGold Resources’ (TSE) Middle River gold property, 30 km west of Bathurst, N.B., failed to intersect any economic grade intersections, although all of the holes cut the…
Deak to reopen MacDonald mine, mill ore at Kidd Creek
The MacDonald mine, a former zinc-gold-silver producer four miles north of Rouyn-Noranda, will be reopened as an open pit zinc operation after Deak Resources (TSE) closes its deal with MacDonald Mines…
BMR joint ventures America Mine project
A wholly owned unit of NERCO (NYSE) recently entered into a joint venture agreement with BMR Gold (ASE) for ongoing development of BMR’s America Mine project. NERCO can earn a 60% interest in the prop…
Big hole near Eskay for Silver Butte, American Fibre
Overshadowed by activities on the neighboring Eskay Creek property, joint venture partners Silver Butte Resources (VSE) and American Fibre (VSE) have quietly drilled some 20 holes totalling 10,135 ft….
FUTURES PRICES (October 22, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 126.20 124.70 125.50 — 3.50 Nov 120.00 119.00 118.85 — 4.50 Dec 114.60 112.10 113.35 — 4.75 SILVER (in US …
Mahogany merger considered fair
A valuation report and fairness opinion of the proposed amalgamation of Vancouver companies International Mahogany (TSE), Goldsil Resources (TSE) and Magellan Resources (VSE) was completed recently. U…
Micham consolidation
Shareholders of Micham Exploration (VSE) will be asked to consider a 1-for-3-share consolidation at the company’s annual meeting next month. President David Bell says the share consolidation has been …
IOCC GOLD OPTIONS (October 22, 1990)
Options Open Series Volume Last Interest Nov. 390 C 377 5.00 1,016 Nov. 400 C 328 3.50 2,398 Nov. 410 C 445 1.60 2,914 Nov. 420 C 227 1.50 3,456 Nov. 430 C 520 1.20 3,259 Nov. 440 C 410 0.80 4,648 Feb…
SOQUEM to earn in at Chibougamau bets
SOQUEM, the mining exploration wing of the Quebec government, recently signed separate agreements allowing it to earn a 50% interest in two Chibougamau, Que., properties. Under an agreement with Camec…
EDITORIAL Narrower trading range for gold likely
Since Aug. 2 when Iraq invaded Kuwait, gold investors seem to have had a permanent look of puzzlement etched on their faces. Increasing political tensions and the threat of a major military confrontat…