INSIDER TRADES (June 26, 1989)
Bema Gold — G. Nordin sold 57,000 (May) @ $1.01-$1.05 to hold 545,516. Citadel Gold — Sherfam Ind. bought 833,176 (Apr, May) @ $1.15-$1.50 to hold 4,680,096. Cominco — Teck bought 244,879 (May, pri…
News
New environmental controls for CCR
Two new facilities were opened officially at the CCR refinery of Noranda Minerals in the east end of Montreal recently. The copper refinery, founded in 1931 and undergoing a modernization program, has…
Aurizon Mines aims for 24,000 oz in ’89
Quebec gold-silver producer Aurizon Mines (TSE) is projecting output of more than 24,000 oz for 1989. The Hughes-Lang company, created in 1988 through the amalgamation of Perron Gold Mines and D’Or Va…
Goldcorp facing legal battles in Dickenson/Kam-Kotia takeover
A takeover of associated companies Dickenson Mines (TSE) and Kam-Kotia Mines earlier this year has left Goldcorp Investments Ltd. of Toronto with a substantial loan payment and two lawsuits. Goldcorp,…
Eastmaque output to hit 95,000 oz gold by 1991
Expanding gold production from operations in Canada and the U.S. will lead to annual output of 95,000 oz by 1991 for Eastmaque Gold Mines (TSE), The Northern Miner has learned from Lukas Lundin, presi…
Dolphin planning $4-million program for Cape Ray bet
A $4-million exploration budget has been drawn up for 1989 for the Cape Ray gold project of Dolphin Explorations (TSE), the program to include about 30,000 ft of surface drilling. Dolphin has spent ab…
Exmar busy in Newfoundland
Surface sampling has returned anomalous gold-silver values on Exmar Resources’ (VSE) Yak Lake property on Newfoundland’s Baie Verte Peninsula. The company says recent surface sampling has yielded valu…
95% recovery from Turquetil gold bet
Metallurgical test work has demonstrated a 95.4% gold recovery rate from drill core samples taken on the Turquetil property owned by Noble Peak Resources (ASE) and Dejour Mines (TSE). The property is …
Lifetime licence….photo
Robert M. Ginn (right), president of The Prospectors and Developers Association of Canada, is presented with a permanent prospectors licence by Ontario’s mines minister Sean Conway. Ginn was recognize…
Minefinders raises exploration funds
Recently completing a $400,000 flow-through financing with CMP 1989 Resources Partnership and Co. Ltd. was Minefinders Corp. (VSE). The company says it will be issuing shares to CMP at an average pric…
Spot prices at a glance (June 26, 1989)
Week’s Price (US) Change Gold* $365.70 +$ 4.10 Silver* $ 5.24 +$ 0.01 Platinum* $495.60 +$11.85 Nickel** $ 5.24 -$ 0.23 Lead** $ 0.29 -$ 0.02 Copper $…
Pegasus shareholders ratify pioneering rights plan
A shareholder protection rights plan adopted late last year by Pegasus Gold Inc. (TSE) to prevent coercive takeover activity was ratified by shareholders at the company’s recent annual meeting. Pegasu…