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Onitap fights back

Onitap Resources (TSE) has hired legal counsel to defend itself against Exploration Orex (TSE), which is claiming damages for breach of trust, breach of fiduciary duty and injurious falsehoods at the …


Toronto Stock Exchange Indices (September 17, 1990)

Sept. 11 Sept. 10 Sept. 7 Sept.6 Sept. 5 HIGH LOW Composite “300” 3272.24 3287.65 3287.02 3312.80 3333.19 4009.47 3272.24 Metals & Minerals3005.41 2984.24 2976.62 2987.08 3032.76 3453.06 2850.84 Integ…


Gammon to head Mines Division

John Gammon has been appointed to the post of assistant deputy minister at the mines and minerals division of Ontario’s Ministry of Northern Development and Mines. The recent appointment was announced…


Barrick sees 37% increase in Goldstrike gold output

Some pleasant surprises at American Barrick Resources’ (TSE) Goldstrike mine in Nevada have increased the company’s confidence that production targets set for 1990 will be reached and possibly exceede…


FINANCING (September 17, 1990)

Canarc Resource Corp. — 250,000 shs offered @ $1.69 per sh. Consolidated Acorn Resources Ltd. — 1,000,000 units offered @ 40 cents per unit. American Barrick Resources Corporation — 5,000,000 shs o…


EDITORIAL PAGE Ontario won’t benefit from NDP win

As one pundit put it the day after Ontario elected an NDP majority government: “It can’t mean any good for mining.” That seems to sum it up. We would be delighted if proved wrong, but the election of …



Drilling increases Hushamu potential

Recent drilling on the Expo Property on northern Vancouver Island has Moraga Resources (VSE) optimistic that the ultimate size of the Hushamu deposit could be in the order of 300 million tons. Moraga …


Investors wary of NDP win in Ontario’s election

Investors reacted negatively to the unexpected election of the New Democratic Party to a majority government in Ontario on Sept 6. Several mining companies with operations in the province saw their sh…


Westfield reaps profit from investments

Investments were the primary source of income for Westfield Minerals (TSE) in the first half of 1990. Westfield reported earnings of $832,000 (5 cents per share) for the six months ended June 30, comp…


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