Nova-Cogesco board backs takeover bid
Acting on the report of an independent directors committee, the board of directors of Nova-Cogesco Resources (TSE) is recommending shareholders accept a takeover bid by Cambior Inc. (TSE) for all of …
News
Toronto Stock Exchange Base metals boom propels miners to new highs
Poor trade figures in the United States failed to put a damper on investor enthusiasm as the New Year’s rally continued unabated. A trade deficit in December of $12.5 billion (US) was announced which …
MinVen completes S. Dakota acquisition
MinVen Gold Corp. (TSE) recently completed the acquisition of a one-third joint venture interest in the Golden Reward project located in South Dakota. The Golden Reward, a heap leach gold project curr…
Rio Plata drills Timmins property
Detailed magnetic work and a preliminary diamond drilling program have been completed by Rio Plata Resources (VSE) on its Hislop Twp., property near Timmins, Ont. Eight holes were drilled on the north…
Canamax stops mining at Matheson project
Mining operations have been suspended at Canamax Resources’ (TSE) Matheson gold project in northeastern Ontario. No further mining is planned due to disappointing underground drill results on the Lowe…
Dumagami refutes claims of Montreal-based shareholder
Toronto-based Dumagami Mines (TSE) has taken strong exception to some recent statements made by a Montreal investment company regarding future production at its Donald La Ronde mine at Cadillac, Que. …
Min Ven solves problems
A seepage problem that interrupted production last year at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota is being repaired successfully, the company reports. The South Dakota Department of …
Vancouver Stock Exchange Applegath’s Tundra moves up
Gold prices appear to be holding steady enough for investors here to continue testing the waters and shore up support for the still unsteady VSE Index. Although up considerably from last week, at pres…
Alberta Stock Exchange Durga bucks trend
If 1988 was a nightmare year for Canadian brokers, they could hardly have gleaned much comfort from what they saw on the Alberta Exchange this week. In keeping with the general lack of interest in spe…
Metal Prices FREE MARKET London Metal Exchange (January 23, 1989)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 17 Jan 16 Jan 13 Jan 12 Jan 11 Copper 1950-1955 1948-1949 1869-1870 18…
Letter to the Editor LAC only just starting along the 04 Break
I am not too impressed by Peter Kennedy’s piece, “Jury still out as LAC drifts onto Kirkland property” (N.M., Jan 9/89), which seems to be riddled with careless errors: The 04 Break has been displaced…
Gradore to reorganize
A cease trade order against Gradore Mines Ltd. (COATS), in effect since Feb 13, 1973, was rescinded recently by the Ontario Securities Commission, the company now being up to date with its filings. A …