Teck will not proceed on Fleck’s platinum bet
In a move that has left Fleck Resources in the words of President Jo hn McGoran”not in the best position,” Teck Corp. has not picked up its option on the former’s 100%-owned platinum group metals (PGM…
News
Whiff of flow-through death emanates from Finance Dept.
Statements made last week by Finance Minister Michael Wilson are the closest thing yet to a requiem for flow-through share financing. Preaching tax reform to a congregation of corporate executives and…
Bunting picks Corona
While just about every mining analyst in Canada has outlined various strategies for optimizing returns from the outcome of Lac Minerals’ appeal of a court decision awarding the Page-Williams Hemlo gol…
Court action possibile
Potash producers in Saskatchewan are preparing themselves for the possibility of court action over allegations that they are “dumping” potash onto the market in the U.S. Sources tell The Northern Mine…
Esso cuts values on Cline property
Esso Minerals has completed 15 holes on Cline Development’s Cline Ea st property near Wawa, Ont., says Cline President L. J. Bardswich. Some of the values intersected are as follows: …
Goldale Investments has changed its name to E. A. Viner Holdings (November 24, 1986)
share-for-share basis.
Strong holes drilled by Inco and Golden Knight
The first four holes of the latest round of drilling under way at the Golden Pond property in the Casa Berardi area of Quebec, have hit big, project operator Inco Ltd. (60%) and partner Golden Knight …
COATS Trading Features (November 24, 1986)
Falling platinum prices pulled the rug from under platinum players B oston Bay Mines and affiliate Belleterre Quebec Mines. Both issues closed down at $3.50-$4 and 65 cents -70 cents respectively. Bos…
Alberta Stock Exchange: Volumes Hurt by Golds
Wednesday close, Nov 19 Sliding gold prices took some of the steam out of the Alberta Stock Exchange this week, as volumes dried up in generally sideways trading. Oracle Resources was forced to put ou…
Price problems slash earnings for Westmin Res.
Even though the company’s mineral and hydrocarbon production was up sharply, price problems for both combined to reduce Westmin Resources’ 9-month earnings to $5,383,000 from earnings of $24,519,00…
Conwest issues shares
Conwest Exploration Co. has agreed to purchase 1,964,814 shares (a 1 2.6% interest) of Mineral Resources International for $7,015,000. Conwest will satisfy the purchase price through the issue of 719,…
Dog and pony show in Europe spurs Seabright to new highs
What has been dubbed by the industry as a “dog and pony” show is probably what led to a round of heightened trading activ ity in the shares of Seabright Resources on the Montreal and Toronto stock exc…