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…
News
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.
Golden Pheasant program
A geophysical survey has been completed by Golden Pheasant Resources on a property in Carman and Langmuir twps., Ont. A priority exploration target is an anomaly associated with a drill hole completed…
Market info added
For the benefit of our market- oriented readership, all highlighted company names appearing in stories will be followed by a two- or 3-letter designation identifying the stock exchange on which the co…
Jonpol, T & H bid
Two Toronto-based companies, Jonpol Explorations (TSE) and T & H Resources (TSE), have proposed a takeover bid for Newfield Mines (COATS) of Toronto. The two companies are offering to buy up to 750,00…
Golden Zone deal
Golden Zone Developments (VSE) has acquired an option to earn a 46.65% interest in the Big Hurrah gold property near Nome, Alaska. The property hosts reserves of 380,000 tons grading 0.45 oz gold per …
Annual gold output 650,000 Royex companies amalgamating
An amalgamation of five companies within the Royex-Corona group will create a Canadian gold- mining firm with annual production of 650,000 oz. The five companies involved are Royex Gold Mining (TSE), …