News in Brief (August 14, 1989)
Gold Bar Resources (COATS) has purchased from Lyndex Explorations (COATS) a 22.7% interest in Chester Resources, a private British Columbia company. Terms of the deal were not disclosed. Gold Bar says…
News
Louvem-Aur dispute takes centre stage
Now that three of Canada’s largest mining companies have agreed to participate in the Louvicourt Twp. joint venture east of Val d’Or, Que., a resolution to an ownership dispute is expected to be the n…
Editorial MDAs need help
Geoscientists in New Brunswick are being caught in a political squeeze between the federal and provincial governments. The province needs financial backing from the federal government to bridge the ga…
Letters to the Editor A company profile would be well read
We are subscribers to The Northern Miner. In the July 10, 1989 issue of the Miner there appeared an article about the 25th anniversary of Echo Bay Mines, a major North American gold mining company. Th…
Editorial Foreign capital enhances opportunities
It’s hard to imagine an issue that rings as truly Canadian as the impending sale of Falconbridge Ltd. to U.S.-based Amax Inc. It has all the elements of the traditional struggles between commerce and …
Analyst’s figures show Amax takeover candidate despite debt
Although some in the mining industry find little merit in Noranda Inc. (TSE) making a takeover bid for Amax Inc. (NYSE), the acquisition still makes economic sense, according to Eric Zaunscherb, base …
Three prospectors vend claims for $1.4 million
Anyone who has ever contemplated a prospecting venture or staked a mining claim knows the chance of striking it rich is about the same as winning a lottery. But every so often the classic story of a b…
Teck, Cominco Ltd. close Aur purchase
Vancouver-based affiliates Teck Corp. (TSE) and Cominco Ltd. (TSE) have completed the first part of an agreement under which they will acquire 3.3 million Aur Resources (TSE) shares at $10.75 each. Th…
Investment forum
Financial analysts Shearson Lehman Hutton will hold a one-day forum discussing investment in metals and mining in London, England on Nov 1. Presentations will be made on gold by Consolidated Gold Fiel…
Cominco earnings still on upswing
The latest financial results for Cominco Ltd. (TSE) show a substantial increase in earnings over 1988 levels, primarily due to higher prices for zinc, copper and fertilizers. The company reported cons…
COATS (over-the-counter) Bonanza steady
A heavy trader this week was Bonanza Metals with 44 transactions in the 95 cents -$1.15 range. This Quebec- based junior is hoping to come up with extensions to the former Poirier copper-zinc deposit …
Editorial MDS’s need help
Geoscientists in New Brunswick are being caught in a political squeeze between the federal and provincial governments. The province needs financial backing from the federal government to bridge the …