Diepdaume funds
A private placement worth $325,000 has been completed by Diepdaume Mines (VSE) whereby it has issued 829,717 flow-through shares at $0.3917 per share to NIM and Co., Ltd. Partnership — 1988. Diepdaum…
News
Hall of Fame banquet
In an event being billed as one of historic importance to the mining industry, 12 of its most distinguished discoverers and mine- makers (10 posthumously) are to be inducted into the recently formed C…
Caisse files suit over Inco’s plans
A lawsuit seeking to nullify a proposed shareholders’ rights plan proposed by Inco Ltd.’s (TSE) board of directors has been filed with the Quebec Superior Court. Issuing the legal challenge to the tak…
Discovery made in Idaho Beartrack looks big for Meridian
What appears to be an important gold discovery has been made by Meridian Gold Company about 10 miles west of Salmon, Idaho. More than 100 holes have been drilled into the company’s Beartrack deposit a…
COATS trading features (December 12, 1988)
Volume leader this week on COATS was Atlantic Goldfields. The issue saw volume increase to well over 300,000 shares with active trading in the 50 -57 range, a low for the past few weeks. In October, …
Earnings Reports (December 12, 1988)
Freeport-McMoran Gold (NYSE) reports net income for the 3-month period ended Sept 30, of $6.58 million(US) or 16 per share on revenue of $27.3 million. For the same quarter a year earlier the company…
Editorial Mining a poor cousin in New Brunwick
More investment dollars continue to be spent on precious metals exploration in Canada than on base metals. This despite base metals reserves dwindling and base metals prices booming. The reason, perha…
Curragh seeks interest in American Pacific Mining
Toronto-based Curragh Resources, a private company which owns and operates the Faro lead and zinc mine in the Yukon Territory, has declared its intent to acquire an interest in American Pacific Mining…
Chesbar, Murgold set sights on mid-1989 gold production
The Chester Twp. gold project in northern Ontario being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) could be operational by early summer, 1989. Chesbar President J. T. Flanagan sa…
People (December 12, 1988)
SISCOE CALLAHAN MINING — Brian Game appointed to the board of directors succeeding Shirley Dyer who has resigned.
Duration re-acquires interest in Theresa
Duration Mines (TSE) has reached an agreement with Redpath Ltd., a mining contractor, which will return ownership of the Theresa mine project near Longlac, Ont., back to Duration. Last summer, Redpath…
Noranda limited in offers to purchase Falconbridge stock
While recently announcing its plans to acquire up to a further 10% (about 7.4 million shares) of the stock of Falconbridge Ltd. (TSE), Noranda Inc. (TSE) has chosen to make normal course purchases not…