Noranda nearing 20% stake in Falconbridge
Not content with simply being Falconbridge Ltd.’s largest single shareholder, Noranda Inc. has increased its ownership of the nickel producer to 16.5% and will probably buy more. After failing once to…
News
Letters to the Editor Engelhard remembered
I was much interested in T. P. Mohide’s article on Charlie Engelhard who was two years my junior at our New England boarding school. A classmate told me of an incident aboard one of the ocean liners o…
FINANCING (August 29, 1988)
ONTARIO Fiedmont — final rec iss offer 1,500,000 @ $1.32 per sh. Released From Escrow Cambior — 1,644,887 shs released. Moli — 2,000 shs released. VANCOUVER Pine Channel Gold — 600,000 sold for gr…
Drilling started at Lac’s Apolinario
Drilling is under way at the Apolinario gold property in Chile, Lac Minerals (TSE) reports. The major gold producer has an 85% interest in the property which is located on a mountainside 16,000 ft abo…
Editorial Arm twisting
Canadians sometimes like to point their collective finger at the United States when it comes to placing blame for air pollution, particularly air pollution that causes acid rain. Yes, Inco and Noranda…
Investment comment Galactic returns to broker’s good books
After its credibility was severely damaged by operating problems at the Summitville gold mine in Colorado, Galactic Resources (TSE) appears to be back in the good books of at least one British brokera…
Noranda options to take over NDU
Encouraging assays have been reported by NDU Resources (VSE) for its wholly-owned Blende lead- zinc-silver-germanium property located in the Yukon. The company has drilled to a depth of almost 700 ft….
WAMIC social evening
The Women’s Association of the Mining Industry of Canada is planning an All-School Reunion for Sept 23 at the old Mining Building at the University of Toronto, College and McCaul Sts., from 6 to 8.30 …
Montreal Exchange New Cambior mine
Quiet trading days prevail on the market where investors seem unable to make up their minds on what the future holds for the economy in general and interest rates and inflation in particular. The tren…
Spot prices at a glance (August 29, 1988)
Week’s Price (US) Change Gold (per oz) $432.10 + $ 3.10 Silver (per oz) $ 6.73 Platinum (per oz) $547.00 + $17.00 Copper (per lb) $ 1. $ 0….
Shareholders shuffle Gordex directors, await Cambior deal
Some financial and technical muscle has been added to the board of directors of Gordex Minerals (TSE) of Saint John, N.B., after shareholders voted to replace four existing directors. The company coul…
News in Brief (August 29, 1988)
Hudson-Yukon Mining Co. Ltd. has merged by amalgamation into All-North Resources Ltd.. Shareholders of All-North Resources will receive one-new-share for each old share; holders of Hudson-Yukon Mining…