1988

Queries Fort Knox’s gold mining ambitions on hold

Could you please let me know what is happening with a company called Fort Knox Minerals. The company trades on the Vancouver Stock Exchange and its interests include the Eagle Bird mine in California’…


Noranda buys 11.7% stake in Falconbridge

After being outfoxed in its bid to buy a control block of Falconbridge Ltd. (TSE) shares from Placer- Dome Inc. (TSE), Noranda Inc. (TSE) has quietly gone to the open market and emerged as Falconbridg…


Books (August 22, 1988)

The Gold Hunter’s Guide to Nova Scotia by Tony Bishop. Author discusses where to find gold in Nova Scotia, how to stake a claim, prospect and pan. Finer details include mining law, equipment needed, h…


Strike looks certain at Falconbridge Ltd.

About 1,750 hourly wage employees at Falconbridge Ltd.’s Sudbury, Ont., operations appear set to strike when their present contract expires on Aug 21. “Things don’t look hopeful because there are so m…


MacDonald Mines

A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the…


Falconbridge holds 92% of McIntyre Mn.

Toronto-based Falconbridge Ltd. (TSE), completed the acquisition of 12.5 million Falconbridge common shares and 750,000 common share purchase warrants from Placer Dome Inc. (TSE), the company said rec…


Ronrico placement to finance Simkar gold exploration

Ronrico Explorations (VSE) of Toronto has announced a private placement to finance exploration at the company’s Simkar project at Val d’Or, Que. After spending $7 million, Ronrico holds a 50% interest…


News in Brief (August 22, 1988)

Robex Resources (ME) has signed an agreement, in principle, with Maufort Resources (ME) which allows Robex to buy back up to 13% of its capital share and up to 21% of the capital share of its sister c…


New discovery for new issue

Drilling should begin in September on a new gold discovery near Lac La Hache, B.C. Trenching on the Miracle Claims, 28 km north of the town, held by newly-listed G.W.R. Resources of Vancouver, has ret…


Metal Prices (August 22, 1988)

FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 Copper 1249-1250 1251-1253 1269.5-1270 1251-1252 1…


Cheni Gold Plans Mill Start-up By Fall

With development and construction programs on schedule, Cheni Gold Mines (TSE) appear to be on track to begin commercial production from its wholly-owned Lawyers gold-silver mine during the fourth qua…


Books in Review Who owns, controls Canadian firms

Statistics Canada has released its 1987 version of Inter-Corporate Ownership. This new edition offers financial analysts, investors and corporate executives the most recent, comprehensive and authorit…


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close