Palomar exploring Doyon mineral lands
With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…
News
Magma, Canyon teaming up to buy Addwest gold mine
Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…
FINANCING (September 04, 1989)
American Billion Minerals — 500,000 sold for gross $225,000. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Intertech Minerals — 800,000 sold for gross $280,000. Huntingto…
COATS (over-the-counter) Dayton gains 80 cents
Dayton Porupine Gold Mines was up sharply by 80 cents this week with trading in the $1.95-$2.15 range. There is talk of a possible Dayton underwriting at the $3 level. The junior company, controlled b…
Rogi options Aur property
Recently reaching agreement with Aur Resources (TSE) to earn up to a 45% interest in Aur’s 9-claim Lourmet property in Louvicourt Twp. near Val d’Or, Que., was Exploration Rogi (ME). The copper-zinc-s…
Editorial Governments taking more than their share
Even with British Columbia’s mining industry reporting its best earnings in 10 years, future growth is far from guaranteed. Perhaps the most startling figure to come out of an annual review of the i…
Aur calls bailiff to seize shares pending lawsuit
A cloak and dagger style raid on St. Genevieve Resources’ (TSE) Montreal offices is the latest event in a continuing dispute between St. Genevieve and Toronto-based Aur Resources (TSE). On Aug 23, bai…
Orex considering production start-up near access ramp
Production start-up at the Goldboro gold property in Nova Scotia should focus on a small area of the property near the access ramp, Exploration Orex (ME) reports. The area recommended for mining is 45…
Malartic completes Congress purchase
Acquisition of the Congress gold mine near Wickenburg, Ariz., by Malartic Hygrade Gold Mines (Canada) (VSE) from Echo Bay Mines (TSE) has been completed, Malartic reports. The sale of the mine for sha…
Copper Range prominent in Metall’s healthy profits
Having recently bagged a large U.S. copper mine for $83 million (US), Toronto-based Metall Mining (TSE) has set out to make the most of its investment. With production from the Copper Range mine expec…
Letters to the Editor (September 04, 1989)
Your reply to the query (N.M., Aug 17) concerning Peterson Cobalt Mines struck a chord. I immediately got out my package of sundry mining certificates and found that, yes, I am a shareholder. My label…
Goldcorp buys Wharf shares
Goldcorp Investments, a Toronto-based gold fund, reports acquisition of 219,900 shares of Wharf Resources (TSE), a company which operates a heap-leach mine in South Dakota. Major shareholder of Wharf …