Aur executive cashes in on Val d’Or metal find
One of the ways in which mining companies attempt to motivate and reward their key employees is to grant them options to purchase a specific number of shares at a specified price. Typically, if the co…
1990
COATS (over-the-counter) Cositgan gains 10 cents
A quiet trading pattern prevailed during the holiday season and left most junior mining shares unchanged. A single transaction involving 100,000 shares of Milestone Resource left that issue unchanged …
McAdam, Stoch in dispute over McWatters gold mine
A dispute has arisen between Toronto-based McAdam Resources (TSE) and Jack Stoch Geoconsultants over who owns the old McWatters gold mine near Rouyn- Noranda, Que. In October 1986, McAdam agreed to pa…
Editorial Business in the USSR
The more open attitude toward foreign investment in the Soviet Union provides some interesting opportunities, and where there are opportunities, you’ll find Canadian mining companies. One of Canada’s …
Festive meals and the varied uses of metals
During the recent festive season, I chanced to look around the kitchen in a different way and began to think of the myriad uses of metals in the preparation of food: the sinks, the spoons, the pans, e…
Newfoundland agrees to buy $20 million of Baie Verte’s debt
The government of Newfoundland has agreed to buy $20 million of the external debt of Baie Verte Mines, a wholly owned subsidiary of Cliff Resources (TSE), for 20 million redeemable preference shares. …
Alta Gold, Echo Bay winners of Robinson gold mine litigation
Now that the Robinson gold mine litigation is officially settled, Alta Gold (NASDAQ) and partner Echo Bay Mines (TSE) expect to produce about 115,000 oz. gold at Robinson in 1990. Kennecott recently g…
Alberta Stock Exchange Investors stay away (January 08, 1990)
It was all quiet on the Alberta front this week as investors seemed reluctant to shrug off their New Year hangovers and return to the business of buying and selling resource stocks. As a result, the w…
Noranda’s Bourlamaque bet optioned by Kingswood Exp.
Noranda Exploration, a unit of Toronto-based Noranda (TSE), is teaming up with Kingswood Explorations (ASE) to look for deep massive sulphides on a group of claims in Bourlamaque Twp., east of Val d’O…
Northfield completes private placements (January 08, 1990)
Toronto-based Northfield Minerals (ASE) says a private placement of 250,000 common shares to affiliate Northfield Capital (COATS) was completed recently. According to Northfield Minerals, it has raise…
Montreal Exchange Trading slackens off
Investors seemed to have had their minds on other matters during the holiday season, with daily volumes ranging between a feeble 2.3 million and 3 million shares for the 4-day trading week ended Jan. …
Aur resumes drilling at Louvicourt project
Surface drilling has resumed at the massive sulphide project of Aur Resources (TSE) and Societe Miniere Louvem (TSE) after a short Christmas break, says Aur Vice- President Howard Stockford. Operator …