News

Westfield’s sale of Chilean mine draws criticism

Some minority shareholders of Westfield Minerals (TSE) are unhappy with a recent transaction in which all of the company’s mining assets were transferred to a wholly owned Northgate Exploration (TSE) …


Hope Brook loss

The Hope Brook gold mine in Newfoundland continues to operate at a loss, owner Hope Brook Gold (TSE) says. For the third quarter ended Sept 30, Hope Brook lost $3.9 million or 13 cents per share. Alt…


COATS (over-the-counter) Teddy Bear steady

Teddy Bear Valley Mines was steady at $1.50-1.60 this week after posting a gain of more than a dollar last week on news of encouraging drill results released from a joint venture involving Noranda and…




FINANCING (November 13, 1989)

ONTARIO Alta Ventures — min 700,000 offered @ 35 cents per sh. Int’l Azora — gross proceeds rec $600,000. Yukon Spirit Mines — gross proceeds rec $275,000. Golden Peaks Res — 250,000 flow-through…


Blackhawk puts three drills on Minago

After acquiring the Minago nickel project in northern Manitoba last summer, Toronto-based Black Hawk Mining (TSE) has deployed three drills on the property in its bid to prove up a mineable orebody. D…


Forecasting metals consumption, prices (1)

Whatever makes the distant or the future predominate over the present advances us in the dignity of human beings. I hold that man in awe who is clearly in contact with the future. So advise Samuel Joh…


Rayrock awaits results from Marigold discovery

Final results from a 27,000-ft reverse circulation drilling program on the Marigold property in Nevada are expected soon, says operator Rayrock Yellowknife Resources (TSE). The company owns a 23.3% in…



Exchanges limit super-voting’ shares

Canadian stock exchanges have adopted measures designed to limit the sprea of multi-vote shares, which are often used by company insiders to sell shares without losing control of the company. Starting…


Corona boosts 9-month earnings

Net earnings of $34 million (23 cents per share) for the first nine months of 1989 were reported by Corona Corp. (TSE), compared with $24 million (16 cents per share) for the same period last year. T…


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