Thayer Lindsley, 1882-1976
Thayer Lindsley has been described as the greatest mine-finder of all time. Not only did he found Falconbridge, a multinational organization ranked now among the largest mining companies in the world,…
News
Nine U.S. mines in RTZ-BP deal
Already the world’s largest mining company, Rio Tinto Zinc Corp. (RTZ) is now set to acquire the international mineral assets of British Petroleum, which include interests in nine U.S. mines. The U.S….
COATS Trading Features (January 16, 1989)
Falconbridge Gold, a recent newcomer to COATS, saw 40,000 of its shares traded in the $3.25-$4.50 range this week. The company is spinoff of the giant Sudbury nickel miner. Augdome Corp. was up slight…
Volatile zinc prices likely to stay high
With demand strong and supply at record levels, zinc is trading at fancy prices today. The base metal, which averaged about 54 (US) per lb last year, was recently trading for 76 on the London Metal E…
CoCa, Geodome merger planned this quarter
The proposed merger of CoCa Mines (NASDAQ) and Geodome Resources (NASDAQ) could be completed in the first quarter, said CoCa President Hugh J. Matheson. The deal will require the approval of the holde…
Canadian Mining Hall of Fame names twelve inaugural inductees
Pierre Beauchemin was a towering figure on the mining horizons of the province of Quebec. He was the founder of one of this country’s leading mining organizations, the Sullivan Group of companies. Of …
Tundra drilling (January 16, 1989)
A major drill program totalling more than 110,000 ft is scheduled to begin this month on the Lamaque gold project owned by partners Teck Corp. (TSE) and Tundra Gold Mines (VSE). The program, expected …
United Lincoln Drilling Expands MBX Gold-Copper Zone
With assay results in for the first ten holes of a major delineation drill program, United Lincoln Resources Inc. (VSE) is reporting an increase in gold grades at the open, southern end of the MBX dis…
Industry honors its own at first Halla of Fame dinner
Photo by George Onuska Franc Joubin, right, accepts his induction into the Canadian Mining Hall of Fame from Hall of Fame committee chairman Maurice Brown. Joubin was one of 12 inaugural inductees int…
La Fosse makes bid to purchase Louvicourt Gold
An offer to purchase 60% of the issued and outstanding common shares of Louvicourt Gold Mines (COATS) has been made by La Fosse Platinum (TSE). The offer will be made on the basis of one common share …
Start-up problems at McCabe
Stan West Mining (TSE) has encountered operating problems at its $35 million McCabe gold mine in Arizona. During the first quarter of operations, which began in September, 1988, the mine failed to gen…
Gold Funds (January 16, 1989)
BGR Goldcorp Central MVP Capital Net value $11.86 8.74 6.73 N/A Price $ 9.125 6.00 5.75 N/A Discount 23.06% 31.3% 14.6% N/A…