Broker-dealer firm turns to mutual funds
From the marketing of highly speculative grass roots mine issues to mutual funds represents quite a switch. But that’s the direction now being taken by the broker-dealer firm of Gordon-Daly Grenadier …
1986
Shaft nearly complete on D’Or Val’s Beacon property
The exploration shaft on D’Or Val Mines’ Beacon gold property, just east of Val d’Or, Que., has been sunk below the 1,350-ft level with stations cut for future drives at depths of 770-ft, 950-ft and 1…
Senior management also hit in new Falconbridge moves
Chairman William James of Falconbridge Ltd. will himself be among tho se to feel the direct effect of recently-announced production cutbacks and layoffs at Sudbury, and other cost-cutting moves by the…
Borrowings, price slump major Eldorado setbacks
Eldorado Nuclear reports a loss of $13.4 million on revenues of $42.7 million in the second quarter this year, compared with a loss of $2.3 million on revenues of $67.5 million in the similar period l…
Editorial: Geologists are too tough
A totally unsubstantiated report, just now surfacing, has it that several years ago in the jungles of Java, two geologists lowered into an old mine to check it out were eaten by a 40-ft python lurking…
Florida Canyon starts up first of three for Pegasus
With the startup of the Florida Canyon mine, the first of three new mines planned within the next several months, Pegasus Gold is well on its way to meeting its scheduled annual production rate of 270…
Zenmac Zinc makes bid for shares of Vestgron
One asset the international consortium headed by Teck Corp. may not b e inheriting when it closes its deal later this month with Canadian Pacific to purchase 31% of Cominco Ltd. is the latter’s 62.5% …
Montreal Exchange : New-look Massval rises
Wednesday close, Oct 8 A deal to buy into a promising high-grade gold deposit pushed Massval Resources to 45 cents , its highest level in five years, as it traded a hefty 1,399,000 shares before closi…
Over the Counter Trading Features (October 13, 1986)
Several issues were stronger this week, reflecting improvements in precious metal prices. On the platinum front, Boston Bay Mines, which controls the Lac des Iles platinum/palladium deposit north of T…
Effective Sept 30, the name of Dominion Securities Pitfield Ltd.
changed to Dominion Securities Inc. A new holding company, Dominion Securities Ltd., has been formed to hold 100% of the outstanding shares of the member, Dominion Securities Inc.
Terra signs deal on Mexican play
An agreement has been signed between Edmonton-based Terra Mines and a Mexican mining company called Industrias Penoles, S.A. de C.V. providing for joint exploration and development of a group of gold …
Editorial: New kid on the Hong Kong block
The recent opening of the spanking new Stock Exchange of Hong Kong, with a dramatic linkup to the London Stock Exchange, further accents the changes being wrought by space-age technology in the financ…