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 …
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…
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…
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…
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…
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 …
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 …
Quebec junior Bonanza Metals (COATS) has started an 8,000-m drilling program on the past-producing Poirier copper-zinc property near Joutel in northwestern Quebec. The program is being funded by a rec…
Toronto-based American Barrick Resources (TSE) continued to benefit from a hedging program which has cushioned the company against the effects of stagnant gold prices. While the price of gold averaged…
Corona Corp. (TSE) says it has been advised by the Supreme Court of Canada that a decision on the final appeal by LAC Minerals (TSE) concerning ownership of the Williams gold mine at Hemlo, Ont., was …
Plans to spend $10 million to expand its coinage facilities at Fort Saskatchewan, Alta., have been announced by Sherritt Gordon (TSE). The major expenditure will be on the nickel-bonded-steel coinage …
For the second week in succession, Soocana Explorations, gained significant ground without making any announcements. Last week, Soocana advanced by 30 cents on speculation that the Toronto company ha…
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