Suntac financing for Polaris-Taku
A public issue is planned by Vancouver-based Suntac Minerals (VSE) for a third-phase work program at the Polaris-Taku gold project in northwestern British Columbia. A statement of material facts is be…
1989
Last minute rescue deal fails LynnGold closes gold mine
LynnGold Resources (TSE) has been unable to come to terms with the Manitoba government for a financial rescue package. As a result, the company will continue with plans to close its MacLellan gold min…
Agnico, Dumagami merger plan given nod by directors
Directors of Toronto-based affiliates Agnico-Eagle Mines (TSE) and Dumagami Mines (TSE) have given approval to the terms of a proposed merger of the two companies. Pending approval of Dumagami shareho…
Alberta Stock Exchange Guinness, Holmer up
In a week when trading patterns could only be described as lacklustre, slight gains were made by a couple of issues which haven’t been in the limelight lately. Guinness Gold Resources advanced by 20 c…
Letters to the Editor Eliminate the Commissar of Mines’
Your editorial of Oct 16, 1989, “Cut to Via are long overdue,” objecting to another industry (railroads) getting money from the taxpayer, is interesting considering there has probably been a hundred e…
FUTURES PRICES (November 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov– — 115.75 + 1.90 Dec116.40 116.40 116.20 + 1.85 Jan116.00 116.00 114.20 …
Metal Prices (November 20, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 14 Nov 13 Nov 10 Nov 9 Nov 8 Copper 1701-17…
Spirit Lake resumes drilling near Wawa
Spirit Lake Exploration (ME) has resumed drilling on its Edwards gold property about 60 km northeast of Wawa, Ont., and just east of the Magino and Kremzar mines. The first phase of the $250,000 progr…
TSA forms joint venture with Teck
A joint venture involving TSA Explorations (VSE) and Teck Corp. (TSE) was formed to explore a lead-zinc-silver prospect 90 km east of Quesnel, B.C. Teck will act as operator for a 52% interest, while …
Mount Polley highlight of Imperial group exploration
The highlight of the 1989 exploration year for Imperial Metals Corp. (TSE) was the advancement of the Mount Polley copper-gold deposit located northeast of Williams Lake, B.C. This bulk tonnage projec…
Individual investors will dislike the new goods and services tax
A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this analysis, tax specialists Barry Dent and Jo…
Deak Resources joining metal producer ranks
Spearheaded by mining executive Malcolm Slack, Deak Resources (TSE) has been organizing and assembling gold and base metal properties in the Rouyn-Noranda, Que., and Virginiatown, Ont., areas with the…