Conwest set to merge with MRI and Barons
Toronto-based Conwest Exploration (TSE) says the terms of a proposed merger with its two subsidiaries Mineral Resources International (TSE) and Barons Oil (TSE) have been unanimously approved by the b…
News
Alberta Stock Exchange Northfield up 20 cents
Northfield Minerals moved up 20 cents to $1.70 after announcing it has finalized a deal to acquire control of the Cheminis gold mine property near Kirkland Lake, Ont. An underground development and ex…
Vancouver Stock Exchange Market survives plummeting gold price
Gold’s plunge on March 26 from the US$490 level to the $US366 level emphasizes its potential volatility, the lack of solid trading statistics and, if we are to believe the some of the rumors, the rela…
NORTH RIM NICKEL; INCO’s Lower Coleman and East McCreedy orebodies
Not much has changed here in at least the past 10 years, and it certainly doesn’t look like a boom town. Nevertheless, Levack, Ont. is the hot-bed of mine building in Canada today. More money is being…
TVX has projects in Latin America
Recently you published an article regarding the possibility of new opportunities for Canadian mining companies in Latin America (T.N.M.,March 19/90). With the largest investment in Latin America of an…
Book Reivew Copper burgeons in Arizona
The Primary Copper Industry of Arizona in 1988 details production, stripping ratios, ore grade, mill recoveries, reserves, employment and wages and other statistics. Also included in this annual repor…
Cominco shuts new smelter
Production difficulties at the new lead smelter at Trail, B.C., have forced Cominco (TSE) to shut down temporarily operations. The company has been experiencing problems with the process since the sme…
ON THE MOVE (April 02, 1990)
WISEDA Ltd. of Baxter Springs, Kansas has appointed Milt Coleman to vice-president, Pacific Rim Operation. His new assignment involves serving as managing director of the WISEDA Australian division in…
Diana’s stake down at Chibougamau bet
Montreal-based Diana Resources (VSE) had both good and bad news to report to its shareholders recently. The good news is that exploration is continuing at the Obatogamau gold property near Chibougamau…
Earnings off for Amax
Net earnings of US$33.3 million for the year ended Dec. 31 were off for Amax Gold (NYSE) from the previous year when earnings reached US$43 million. The company noted the drop in earnings was primaril…
COATS (over the counter) Black Gregor drops
Effects of the dramatic drop in the gold price for the week ended March 27 were felt even by some of the small traders on the over-the- counter market. Despite the discovery of three “promising” gold …
Anglo Canadian closes MWF deal
Anglo Canadian Mining (TSE) says it has completed the acquisition of a 51% stake in a group of claims located between Falconbridge Gold’s (TSE) Owl Creek and Hoyle Pond gold mines in Matheson, Ont. Kn…