Inco increases ownership of Fort Knox
A deal has been made between Fort Knox Gold Resources and Inco Limited which will increase that latter’s control over the junior company and see a large gold property explored this fall. Fort Knox can…
News
Tyler gets option on Golden Rule claims
Tyler Resources has acquired an option to earn a 45% interest in two claims blocks controlled by Golden Rule Resources. Located near La Ronge, Sask., the properties cover geology favorable to hosting …
Mine share trading rises at Toronto Stock Exchange
Dollar value of trading in mining shares on the Toronto Stock Exchange in August increased to $570.3 million, a dramatic 102.7% increase over the $485.8 million traded in July. Share volume in mining …
American Platinum busy at Lac des Iles properties
Exploration work is under way on the platinum properties held by American Platinum Inc. in the Lac des Iles area, 50 miles north of Thunder Bay, Ont. Linecutting, geochemical and geophysical surveys a…
DOME GROUP RESTRUCTURES U.S.INTERESTS
Dome Mines, Campbell Red Lake Mines and Sigma Mines (Quebec) plan to restructure their gold interests in the United States. Campbell will buy Dome’s and Sigma’s indirect interests in the Dee gold mine…
Aur has profit
Aur Resources, which has budgeted $18 million for exploration and development work this year on six properties, reports net income of $314,032 for the nine months to June 30, equal to 4.4 cents per sh…
Gold warrants a mystery despite rising popularity
Gold-purchase warrants are gaining favor among gold producers as a way to attract investors. Three companies have issued gold purchase warrants in the past two months, but the market…
Goldcorp value (September 15, 1986)
The net asset value per class A share of Goldcorp Investments as of the close of business Thursday, Sept 4 amounted to $10.32 . The closing market price on the Toronto Stock Exchange for that day was …
Hemlo study
Question on Hemlo. How best to deal with the human services, (housing, health, recreation, etc.) in the communities most affected by the Hemlo gold boom? To help the companies, the communities themsel…
Flanagan McAdam now underground at Mishibishu Lake
Underground work has started at Flanagan McAdam Resources’ Magnacon gold property in the Mishibishu Lake area of northern Ontario. Flanagan holds a 50% interest in the property while associated compan…
HudBay and Outokumpu dealing on Namew Lake
A letter of intent has been signed between Hudson Bay Mining and Outokumpu Mines, which if concluded, will establish a joint venture partnership commited to exploring and developing Hudson Bay’s Namew…
Cobalt price leaps
The price of cobalt, which has been tumbling since the beginning of the year when it was about $11(US) a pound, climbed to their its highest price since June when it topped $7 this week. Production in…