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…
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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…
CHESBAR STARTS UNDERGROUND ON MURGOLD’S SWAYZE BET
Chesbar Resources has dropped an option on proven oil reserves in the Beaufort Sea and has put Murgold Resources’ gold property in Ontario’s Swayze area at the top of its property list. The oil ventur…
Alberta Stock Exchange Trading picks up
Trading was back to about normal this week in Calgary, with 5,549,500 shares traded, almost double the previous week’s slow market. The most active issue was Sweany Gold Corp., trading close to 760,00…
Faraday/Marcon amalgamation
The amalgamation of Faraday Resources and Marcon Canadian Holdings Inc., a private company, was approved by Faraday shareholders at a meeting held Aug. 21 with the amalgamated company continuing under…
Matt Berry to raise exploration funds
A $562,000 exploration program has been recommended for Matt Berry Mines’ Moss Lake property, 70 miles west of Thunder Bay, Ont., the company says. The property, which comprises three claim groups tot…
Joint venture in B.C.
Goldcap Inc. has entered into a joint venture agreement with Noranda Exploration which will see Noranda perform exploration work on the Tommy Jack property near Prince George, B.C. Goldcap, which has …
Editorial Ontario’s mines safer
It costs mining companies a bundle funnelling money into Ontario’s Workers Compensation Board, but it’s a social cost that, like motherhood, has its own imperative of need and necessity. The board, …