News



Black Hawk buys Minago nickel prospect

Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…


Bank tells Chelsea to pay $2.1 m loan

Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….


Montreal Exchange Mining index advances

A week of mixed trading didn’t seem to hurt the resource stocks, with the mining and minerals index climbing more than 20 pts. The general market portfolio index, by comparison, managed a 2.9-pt gain….



Alberta Stock Exchange Prices, volumes low

Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …


Newfoundland mining show draws a crowd

Newfoundland’s first mining and mineral exploration show successfully drew a large crowd of exhibitors and mining industry delegates here recently. The exhibition, called Mineralex 89, brought togethe…



Agnico to swallow a poison pill

Agnico-Eagle Mines (TSE) will be asking shareholders at its annual meeting next month to swallow a poison pill designed to thwart unsolicited takeover bids. Formally known as a shareholder rights plan…


FINANCING (June 05, 1989)

VANCOUVER Commander Res — gross proceeds rec $245,000. Secret Pass Minerals — opt exerc on 100,000 @ 45 cents per sh. World Wise Res — 700,000 shs sold for gross $245,000. Moondust Ventures Inc. -…


People (June 05, 1989)

RISE RESOURCES — Victor G. Coulthard appointed president succeeding Richard W. Hughes who has resigned. Mr. Coulthard will fill a casual vacancy on the board of directors succeeding William Vance who…


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