COATS Trading Features (April 24, 1989)
Mining issues slipped lower in a quiet and generally lacklustre COATS market this week. Two companies with interests in platinum-palladium prospects, Boston Bay Mines and Belleterre Quebec Mines, were…
News
Higher cost won;t stop Golden Bear
Although capital costs have almost doubled to $70 million since the initial feasibility study, North American Metals (VSE) and Chevron Minerals will proceed with the development of their Golden Bear p…
Breakwater aiming to develop Estrades
After Teck Corp. (TSE) paved the way by terminating its 60% back-in right, Breakwater Resources (TSE) reached a deal to earn up to a 70% interest in the Estrades property in the Casa Berardi region of…
Alberta Stock Exchange Bryndon gains ground
Exploration results at the Rossland gold project in southern British Columbia have yet to live up to the predictions of Bryndon Ventures’ President Bernard Brynelsen. The 77-year-old discoverer of Bre…
Health seminar
A 2-day seminar on the topic of Respiratory Health in Mining will be held in Toronto on June 12-13 at the Ramada Inn at 1677 Wilson Ave. The seminar, chaired by Dr E. Moore, Associate Dean of Engineer…
Northgate has banker image after 1988 spending spree
Although it is still listed as a Canadian mining company, Toronto-based Northgate Exploration (TSE) looked more like an investment banking firm in 1988. By investing more than $134.6 million in 12 Nor…
Falconbridge bid values Raglan at about $56 million
Falconbridge Ltd. (TSE) is making an offer to acquire the remaining 26% interest of New Quebec Raglan Mines (TSE) that it doesn’t already own. The bid includes a $5.36 per share cash offer, or one Fal…
Step-out drilling extends east zone at Eskay Creek
Step-out drilling at the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) has increased the strike extension of the 21 zone to the east. But a fault appears to have…
Minerals division shines for Noranda
The minerals division of resource giant Noranda Inc. (TSE) exceeded all expectations last year, making minerals a close second to Noranda’s forest products division in terms of earnings, says the comp…
Narrow widths onMidas Timmins bet
A 5,500-ft drill program has been completed by Midas Minerals (TSE) on the Tisdale gold property near Timmins, Ont. The drilling tested for gold mineralization at depths between 1,000 ft and 1,500 ft….
USMX reduces loss as revenues increase
The successful start-up of the Green Springs gold mine in Nevada has generated improved financial results for USMX Inc. (NASDAQ) in 1988. The Colorado-based company reported a net loss of $55,000(US) …
Vancouver Stock Exchange Red Fox active, high flyers drop
While the Vancouver market remained in the doldrums over the past week, brokers and investors here are taking note of a recent upswing in trading activity in New York and Toronto. A lukewarm economy a…