Timmins Nickel reduces costs, seeks more ore
Junior nickel miner Timmins Nickel (TSE) says it has substantially reduced costs at its 51% owned Redstone mine, 14 miles south of Timmins, Ont. The other 49% interest in the deposit is held by BHP-Ut…
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Potash Corp. set to buy Saskterra
Saskatoon-based Potash Corp. of Saskatchewan (TSE) is set to acquire all the shares of Saskterra Fertilizers from Husky Oil for $47 million. The acquisition, which has been given preliminary approval …
Study calls for Brunswick smelter cleanup
A recent study into working conditions at Brunswick Mining and Smelting’s (TSE) lead smelter in Belledune, N.B., has found that contaminants contained in the plant are affecting the health of employee…
Alberta Stock Exchange Durvada gold discovery
Continuing weakness in the price of bullion which has recently been hovering around US$354 an oz. was reflected by lacklustre trading in gold stocks during the week ended July 10. Shares of Durvada Re…
GOLD FUNDS (July 16, 1990)
MVP BGR Central Capital Net value $10.77 $5.59 $0.34 Price $9.375 $5.750 $0.19 Discount %12.95% %2.9% 44.1% Value $64,131,138 $96,739,725 N/A…
Giant Yellowknife, Pamorex in deal
A deal worked out between Pamorex Minerals (TSE) and Giant Yellowknife Mines (TSE) could see the Nighthawk Lake gold deposit 10 miles east of Timmins, Ont., brought into production within two years. P…
Aurizon acquiring additional claims
An option to purchase a 100% interest in claims adjacent to the Sleeping Giant gold mine north of Amos, Que., has been acquired by Aurizon Mines (TSE) from George Venne of Val d’Or, Que. The claims li…
PGE, Noranda agree to explore property
Exploration will get under way this summer on PGE Resource’s (ASE) 115-claim property near Mechanic Settlement, N.B., following a joint venture agreement with Noranda Exploration, a unit of Noranda (T…
Montreal Exchange Summer trading slows
Market activity slowed during June, according to ME officials. The average daily volume during the month, at about 4.9 million shares, was down 7.1% from May. On the other hand, the average price per …
$6 million to study the earth’s crust
Some $6 million will be given to the Trans-Hudson Orogen Transect research project over four years. The funding comes from the Natural Sciences and Engineering Research Council and the federal Departm…
U.S. firm makes offer to work on Tully Twp. ground
A large U.S.-based mining company has made a firm offer that could lead to the further development of a gold property in Tully Twp., 20 miles northeast of Timmins, Ont., in which Frankfield Exploratio…
VSM/Serem, Dundee in property deal
A letter of intent has been signed between Dundee-Palliser Resources (TSE) and exploration partners VSM Exploration (ME) and Serem-Quebec which will allow VSM/Serem to earn a 50% interest in Dundee’s …