CORRECTION (June 19, 1989)
In the Vancouver Stock Exchange market report of the June 5/89 issue of The Northern Miner it was erroneously reported that several officials of Can-Mac Exploration had been convicted of trading in se…
News
Metal Prices FUTURES PRICES (June 19, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun 108.80 108.80 108.85 + 2.35 Jul 111.70 108.80 109.40 + 2.10 S…
Legal process entangles many good prospectx
Stories abound from yesteryear of mining deals being struck with a handshake. True or not, today’s legal battles and property court settlements, lawsuits and countersuits, make one wonder what happene…
Southern Era Options Costa Roca gold mine
SouthernEra Resources (TSE) has acquired an option to earn a 50% interest in the Macacona gold mine in Costa Rica. Owned by Equinox Resources (TSE), the mine is a small heap leach operation having pr…
Spot prices at a glance (June 19, 1989)
Week’s Price (US) Change Gold* $361.60 –$13.90 Silver* $ 5.23 –$ 0.17 Platinum* $483.75 –$24.00 Nickel** $ 5.47 –$ 0.39 Lead** $ 0.31 –$ 0.01 Copper …
Bema Gold to become new producer with Champagne mine
With full scale production about to begin at the Champagne heap leach mine in Idaho, Bema Gold Corp. (TSE) is poised to make the all-too-often perilous leap from a junior exploration company to a new …
M.I.M. completes share purchase in Granges
After intense due diligence that included four tours of operations, M.I.M. Holdings Ltd. of Australia has completed the purchase of 11 million shares of Granges Exploration at $4.55 a share, giving it…
Minority shareholders delay Falconbridge’s Raglan deal (June 19, 1989)
A small group of New Quebec Raglan Mines (TSE) shareholders is still holding out for a higher price on shares that Falconbridge Ltd. (TSE) is attempting to buy. While the Toronto-based nickel giant wo…
Editorial Hopes for China betray opur naivete
It is an appalling sight to see a state turn its guns on its children. When that same regime then embarks on a public manhunt to track down those children, the student dissidents who naively occupied …
Intl Platinum continues search for PGM deposits
Nearly $2.5 million could be spent this year on the search for platinum group metals (PGMs) by Toronto-based junior International Platinum Corp. (TSE). The company has been conducting exploration for …
Dolphin selling quarter interest in Nfld. project
A 25% interest in the Cape Ray gold project in Newfoundland is being sold by Dolphin Explorations (TSE) to Ardonex Resources, a private company. Newfoundland-based Ardonex has agreed in principle to p…
Trend to mergers and acqusitions continues in 1989
In 1988, there were more than 75 mining Merger and Acquisition transactions involving Canadian companies, totalling in value over $5 billion. This review of 1988 mergers and acquisition activity in t…