Inco Gold wants production growth
Inco Gold, a unit of the giant Sudbury nickel miner Inco Ltd., (TSE) has its sights set on becoming a major player in the world’s gold fields. Established in 1987 as an unincorporated business unit, t…
News
Atlantic Report Low recoveries cause layoffs at Coxheath
Coxheath Gold Holdings (TSE) of Bedford, N.S., has laid off more than half its staff at its Tangier gold mine in Halifax Cty. Sixty-three workers have been let go from Nova Scotia’s most advanced mini…
Troymin reports property results (March 27, 1989)
Calgary-based Troymin Resources (ASE) reports no significant economic values were obtained from winter drill programs on its Berven Lake and Severson Lake properties in northern Saskatchewan’s La Rong…
Aylmer listed on ME
Recently listed for trading on the Montreal Exchange were the common shares of Aylmer Mines (symbol AML) of Aylmer, Que. President of the junior mining company, which can trace its origins back to 196…
COATS to become junior stock exchange: Task Force
The prospect of the Canadian Over-the-Counter Automated Trading System (COATS) becoming a full-fledged junior stock exchange is at least two years away says a government-industry task force report to …
Spirit Lake directors re-elected
A group of minority shareholders of Spirit Lake Explorations (ME) failed to unseat the board of directors at the company’s recent annual meeting in Toronto. Not only were existing directors re-elected…
Siddon Challenges Mining Industry to Achieve Land Use Harmony
Calling for an end to confrontation between conservationists and resource developers, Fisheries and Oceans Minister Tom Siddon has challenged the mining industry to help achieve a new goal of “sustain…
Toronto Stock Exchange Inflation fears and rising rates hammer
Rising inflation and a move by the central banks to tighten credit sparked another day of selling as traders dumped most issues. The sell-off pushed the composite index to 3558.08 pts — off 20.1 pts …
Cyprus earnings a record
A number of timely acquisitions coupled with higher copper prices boosted 1988 earnings of Cyprus Minerals Company (NYSE) to a record $170 million(US) or $6.31 per share. This compares to 1987 earning…
Inco, Golden Knight plan second mine
Inco Ltd. (TSE) subsidiary Inco Gold and partner Golden Knight Resources (TSE) celebrated Saint Patrick’s Day by announcing a production decision at the Casa Berardi West zone project in northeastern …
Homestake, Esso, agree on price for Canadian mineral properties
A definitive agreement has been thrashed out between Homestake Mining (NYSE) and Esso Minerals Canada regarding the purchase of approximately 100 of Esso’s Canadian mineral properties. A Homestake sub…
Denison financing
Denison Mines (TSE) has raised $50 million from a placement of units with brokers Burns Fry, Gordon Capital, Nesbitt Thomson Deacon and Wood Gundy. Each unit consisted of one class B non-voting partic…