Editorial Ontario must address power shortage
Already this winter Falconbridge has suffered power shortages at its Sudbury operations for 14-hour stretches on several consecutive days — a total of 110 hours in December alone. The demand for powe…
News
Queenston, HSK merger approved (January 08, 1990)
The proposed merger of Queenston Gold Mines (TSE) and affiliate HSK Minerals (TSE) was approved by shareholders of both companies recently at a special meeting in Toronto. Trading on the Toronto Stock…
Winteroad, Northern deal
Great Northern Gold (ASE) has acquired an option to earn a 50% interest in a gold prospect owned by Winteroad Resources (COATS) in Garrison Twp., Ont. Under the terms of the agreement, Great Northern …
Teck, Orient deal
Teck (TSE) has acquired an option to earn a 50% interest in a polymetallic prospect from Orient Resources (ME). Situated 104 km east of Val d’Or, Que., the 306- claim property covers two occurrences o…
Sale of Philippine project postponed
An agreement between Galactic Resources (TSE) and an undisclosed major international mining company for the sale of 75% of Galactic’s stake in Far Southeast Gold Resources is on hold. Galactic had pla…
Kimex gets Hunter
Kimex Resources (ME) has signed a letter of intent with Wabigoon Resources (COATS) which gives Kimex the right to earn a 50% interest in Wabigoon’s Hunter gold project near Timmins, Ont. The interest …
Vancouver Stock Exchange (January 08, 1990)
Easing gold prices and uncertainty about the slowing economy are believed to have taken the wind out of a rally that began on Wall Street and the eastern Canadian exchanges just after the New Year. Al…
St. Genevieve reports financial performance (January 08, 1990)
St. Genevieve Resources (TSE) has reported net income of $1.3 million or 7 cents per share for the nine months ended Sept. 30, 1989, compared with a loss of $2.8 million or 20 cents per share for th…
Minieres du Nord to drill Matagami
Minieres du Nord (ME) of Amos, Que., has expanded its land position in the Matagami Lake region of northwestern Quebec, by staking more claims in Isle-Dieu Twp. As well as 7,110 acres of geologically …
Radisson, Augmitto deal could lead to production
A 75% interest in the Beauchastel gold project, owned by problem- plagued Augmitto Explorations (TSE), will be acquired by Radisson Mining Resources (ME). Under the terms of an agreement, Radisson has…
Placer Dome to sell oil and gas assets
By putting its oil and gas assets on the selling block, Placer Dome (TSE) has signalled that it intends to stick to its core business of mining. But the move is also giving rise to widespread speculat…
Falling metals prices drag commodity index
A sharp drop in metals prices in November contributed to a reduction of 1.3% in Scotiabank’s all- commodity price index for that month. Economist Patricia Mohr reported a 2.9% monthly drop in the meta…