Rockford offering to finance takeover
Toronto-based Rockford Minerals (TSE) recently announced the terms of a rights offering designed to finance a takeover bid for Tyranex Gold (COATS) and to reduce Rockford’s indebtedness to Northfield …
News
Alberta Stock Exchange Naxos emerges
A previously unheard of issue called Naxos Resources emerged with the largest gain for the week ended Nov 28, during which trading could otherwise be described as lacklustre. Trading on a healthy volu…
Minefinders drilling Greenstone property (December 04, 1989)
A 6,000-ft diamond drilling program is under way on Greenstone Resources’ (TSE) Lada property, north of the Joe Mann mine in the Chibougamau mining district of northwestern Quebec. The Lada program is…
Brunswick uncovers new sulphide zone north of minesite
Recent drilling by Brunswick Mining & Smelting (TSE) north of its No 12 lead-zinc mine at Bathurst, N.B., has revealed a new sulphide zone. A deep hole, A-248, from surface intersected a 13.4-m lens o…
Ateba has money to reopen mine
After raising $925,000 from debt and equity financings, Ateba Mines (TSE) says it is in a position to reopen the mill and resume production at its Beardmore gold mine in northwestern Ontario. The equi…
NDU ups reserves at Marg property
Recent drilling increased reserves on the Marg property, owned 66.7% by NDU Resources (VSE) and 33.3% by Cameco. The latter company is owned by the federal and Saskatchewan governments. The deposit, i…
Inel, Gulf Int’l plan amalgamation
The board of Inel Resources (VSE) has agreed in principle to an amalgamation with associated company, Gulf International Minerals (VSE). A management committee was formed to negotiate the terms of the…
Earnings jump for Equity Silver
Increased production and lower production costs boosted earnings for Equity Silver (TSE) for the nine months ended Sept 30. Earnings reached $12.4 million or 38 cents per share on revenues of $69 m…
Gold mining in Nova Scotia hinges on success at Orex
Westminer (Canada) may have made a strategic error when they abruptly dropped an option on the Logan gold property here in November, 1988. Their sudden departure, after spending $5 million on drifting…
Inco in Botswana
Inco Ltd. (TSE) has signed a joint venture agreement with Molopo Australia to explore Molopo’s platinum concessions in Botswana, Africa. Under the terms of the deal, Inco will fund the first year’s ex…
Ontario backing down from Bill 208
The Ontario government is backing away from legislation that would let designated workers shut down work places they consider unsafe (Bill 208). This is an outright insult to workers in Ontario. In 19…
Zinc prices boost Pine Point earnings (December 04, 1989)
Northern lead-zinc producer Pine Point Mines (TSE) reported earnings of $74.3 million or $16.02 per share for the nine months ended Sept 30. This compares to $43.9 million or $9.47 per share in the pr…