Montreal Exchange Interest remains high
Trading activity was busy again this week in companies with interests in properties in the Val d’Or, Que., area near the recent Louvicourt Twp. copper-zinc discovery. The find by Aur Resources and Soc…
News
Bigger is better, says TVX Chairman
With the world gold mining scene increasingly dominated by “super producers,” able to churn out more than a million oz of the yellow metal per year, Consolidated TVX Mining (TSE) Chairman Eike Batista…
Westmin shareholders approve sale of petroleum division
Shareholders of Westmin Resources (TSE) voted overwhelmingly in favor of a reorganization that will see the company’s oil and gas assets sold to Norcen Energy Resources, an affiliated Calgary-based oi…
SHOTCRETING REBOUNDS
Shotcrete is making a comeback in Canada. After it was introduced into the Craigmont mine in British Columbia in 1966, it gained the notorious reputation of being the lowest-paying job in a mine. But …
Placer completes Paymaster purchase
Placer Dome (TSE) has completed the purchase of a 60% interest in the Paymaster gold project at Timmins, Ont. American Reserve Mining (VSE) has received $18.2 million in cash for the sale of both the …
50 Years Ago U.S. COPPER SALES LARGEST IN 3 YEARS
Domestic sales of copper have been the highest in three years. At the end of last week, sales were 152,000 tons for the month to date — the highest since April, 1936. The domestic copper price advanc…
Noranda in place to take control of Aur discovery
Toronto-based Noranda Inc. (TSE) is quietly positioning itself to take advantage of a massive sulphide discovery reported recently by Aur Resources (TSE) and Societe Miniere Louvem (TSE) at the Louvic…
Timmins Nickel share offering seeks $6 million for Redstone
A $6-million share offering is being planned by Timmins Nickel, a private company which owns a 51% interest in the Redstone nickel mine near Timmins, Ont. The bulk of the proceeds, if the maximum amou…
Greenstone busy at Millie Mack
Toronto-based Greenstone Resources (TSE) has started a $1.3- million exploration program on its Millie Mack gold-silver property in British Columbia. The 3,200-acre Millie Mack property is 18 miles ea…
Ronrico/Louvicourt in metals venture
Partners Ronrico Explorations (VSE) and Louvicourt Gold Mines (COATS) are planning to explore for a base metals deposit on the untested northern two-thirds of the Simkar property east of Val d’Or, Que…
Malartic acquires Congress mine from Echo Bay
Seeking a foothold in the U.S., Malartic Hygrade Gold Mines (VSE) of Toronto has acquired the Congress gold mine in Arizona from Echo Bay Minerals (TSE). The deal gives Echo Bay 400,000 Malartic commo…
Spot prices at a glance (July 03, 1989)
Wednesday, June 28 Week’s Price (US) Change Gold* $373.75 +$ 8.05 Silver* $ 5.30 +$ 0.06 Platinum* $505.10 +$ 9.50 Nickel** $ 5.42…