Gold strategy pays of in Moinorco’s balance
Debt free and equipped with just under $900 million(US) for precious metal acquisitions, Luxembourg-based Minorco (NASDAQ) has confirmed its new precious metals acquisition strategy by investing in tw…
News
Galactic announces European offering
Galactic Holdings, a wholly- owned subsidiary of Vancouver- based Galactic Resources (TSE), recently announced a European public offering to help reduce a $14- million(US) debt load incurred during a …
Queries Silver Eureka hopes rind on construction
It has been about five years now since I heard anything from Silver Eureka Mining which holds a 25% interest in Eureka, Nevada-based Ruby Hill Mining Co. A number of years ago, Silver Eureka receive…
Metal Prices FUTURES PRICES (April 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 107.00 107.00 107.00 + 3.00 May 107.00…
Stratabound acquires two sulphide deposits
Calgary-based Stratabound Minerals (ASE) has acquired two massive sulphide deposits in the heart of the Bathurst-Newcastle mineral belt of northern New Brunswick, the company said recently. Known as t…
Editorial Takeover binge looms for juniors
With the winding down of flow-through financing and stiffening taxes on capital gains, raising of risk capital in this country is bound to become more difficult. Hardest hit by these latest untimely a…
High grade assays for Can-Mac
High grading assays have been received by Can-Mac Exploration and Glen Auden Resources from their gold properties in the Swayze area south of Timmins, Ont. Stripping on the Topboot Lake property has e…
Agassiz buys shares
Agassiz Resources (TSE) has acquired an additional 50,000 shares of Twin Gold Mines (ASE). The acquisition gives Agassiz 1.35 million Twin Gold shares or a 56.75% interest in the company. Twin Gold co…
Letter to Editor Kiena offer too low
Regarding the amalgamation of Kiena Gold Mines with Placer Dome Inc., it has to be the largest steal of the century. Mr Hick, Placer’s secretary, states the share exchange represents a 15% premium to …
World uranium output declines in ’87
Total production of uranium by non-Communist countries decreased in 1987 compared with the year before, with three of the top four producing nations — Australia, South Africa and the U.S.A. — showin…
People (April 11, 1988)
Malartic Hygrade Gold Mines (Canada) — Marc C. Henderson appointed president and chief executive officer succeeding Jack Belton, who is retiring, but remains a director. Ross D. Parry elected chairma…
News in Brief (April 11, 1988)
Geodome Resources has changed its transfer agent to Royal Trust Co.