Coal Conference (December 05, 1988)
The second regional conference on coal marketing, technology and mining, which will be held in Brisbane, Aust., from June 5-8 , 1989, will bring together coal suppliers and electricity power generatin…
News
INSIDER TRADES (December 05, 1988)
Aquagold — S. Reed bought 19,200 (Sept,Oct) @ $1.00-1.25 to hold 65,000. Atlantis — M. Hogarth bought 55,600 (Oct) @ 95 to hold 200,000. Aurizon — R. Hughes sold 50,500 (Oct) at 40 -53 to hold 41…
People (December 05, 1988)
MINING AND METALLURGICAL SOCIETY OF AMERICA — Sir Alistair Frame will receive this year’s gold medal which is traditionally awarded for conspicuous professional or public service in advancing mining,…
Noranda bides time in pursuit of more Falconbridge shares
Wanting to give the impression it is in no hurry, Noranda Inc. (TSE) says it now intends to make normal course purchases of up to 10% of the common shares of Falconbridge Ltd. (TSE) during the next si…
Alberta Stock Exchange Biron gains ground
On an otherwise lacklustre trading session, Biron Bay Resources was the only issue to make any real progress. Trading on 96,000 shares, it gained 54 before closing at $2.29. much of Biron Bay’s recen…
Lord River results from Nevada program
Drilling at Lord River Gold Mines’ (VSE) Trout Creek option 15 miles southeast of Carlin, Nev., has generated some encouraging results. In the Southern Jasperoid zone, gold mineralization has been out…
Corona options Varna property
Corona Corp. (TSE) has acquired an option on the Mings Bight gold property from Varna Gold (ASE). Near Baie Verte, Nfld., the Mings Bight property includes 7,000 acres of ground on which several gold …
United Lincolm, BP fast-track plans for B.C. gold-copper play
A bulk tonnage low grade gold- copper deposit in British Columbia is being fast-tracked toward development by partners United Lincoln Resources (VSE) and BP Canada Resources (TSE). Located 45 km west …
Toronto Stock Exchange Golds and metals provide boost to index
A much-needed 21-pt boost helped move the composite index to a close of 3,294.68 pts. That represents a 48-pt gain during our review week. Today’s gains came on the backs of golds and metals which eac…
Galactic takes $40 million write-down for Summitville
A $40 million(US) write-down has been taken by Galactic Resources (TSE) for its Summitville mine in Colorado. And Galactic chairman, Robert Friedland, is now downplaying the operation’s importance in …
Call for coal papers
Organizers of the 4th Coal Operators Conference, to be held in Tumbler Ridge, B.C., Sept 13-15, 1989, have issued a call for papers. Papers related to operating functions of producing coal mines or to…
Franco-Nevada to explore Redstone copper deposit
Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…