News


Metal Prices FREE MARKET (January 09, 1988)

London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 3 Jan 2 Dec 30 Dec 29 Dec 28 Copper 1929-1934 N/A 1875-1877…


First Toronto, Pacvest in amalgamation

A new company, First Toronto Mining (TSE), has been created through the amalgamation of First Toronto Capital and Pacvest Capital. Shareholders of First Toronto will receive one share of the new compa…


Investment Comment Cambior keeps on growing

Cambior Inc. (TSE) dramatically entered the ranks of Canadian gold producers with the largest-ever initial public offering made in Quebec. The $150-million issue was warmly received late in the summer…


Editorial The doors are open

January 1, 1989, holds no magic for Canadian companies that sell their goods or services south of the border. The free trade agreement between Canada and the United States officially went into effect …


Stratmin secures funds for graphite project

A Swiss company, Alpha Securities AG, has agreed to invest $1.5 million in Stratmin Inc. (ME) in return for about 1.4 million A shares of the latter valued at $1.10 per share, Stratmin reports. The su…


Vedron searching for new targets

Current underground work at the Vedron gold project in Timmins, Ont., is geared to define additional targets for reserves which are immediately accessible to the ramp workings, Vedron Ltd. (TSE) repor…


Gunsteel aims for 1989 start-up of Nugget project

With permitting and study of a tailings disposal system in progress, Gunsteel Resources (VSE) is currently negotiating financing for the installation of a 100-ton-per-day modular mill to be operationa…



BHP, Glencairn drilling

BHP Utah Mines is beginning a 4,000-ft drill program on a property held under option from Glencairn Explorations (ASE). Known as the Blue Mountain property, the claims are located west of Kirkland Lak…



Homestake subsidiary initiates cost study

Primarily because of a major cost over-run for road access which was largely out of its control, North American Metals (VSE), a 73.2%- owned subsidiary of Homestake Mining (NYSE), is preparing an inte…


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