Ronrico raises more funds for Simkar bet
Toronto-based Ronrico Explorations (VSE) has announced another funding agreement to finance exploration on the Simkar gold property east of Val d’Or, Que. The funding agreement was made with the Minta…
1988
Gold funds as of Nov 22
BGR Goldcorp Central MVP Capital Net value $12.33% 9.36 7.29 1.03 Price $10.125% 6.250 6.12 0.67 Discount $17.88% 33.3% 16.0% 35.0% Value $73,395,449 164,…
Letter to the Editor Mining double talk
Having had some experience in the investor/public relations field, I am nonetheless continually amazed by the ingenuity and invention displayed by some of its practitioners. The article “Gunnar, Mill …
Alberta Stock Exchange Volumes much higher
A strengthening in the price of gold was accompanied this week by renewed interest in a number of Alberta issues. American Ore Ltd. was the volume leader with 493,300 shares following the release of d…
Vancouver Stock Exchange Calpine, Cons Stikine make gains
The Vancouver brokerage community has given a new name to War Eagle Mining which fell out of orbit last week and almost burned up on re-entry. People are now calling it “War Budgie,”a sparrow-sized bi…
Silverado starts up Alaskan gold project
Mining of ore from the newly stripped Ready Bullion shear structures is under way at its wholly- owned Grant gold project in Alaska, Silverado Mines (VSE) reports. The project is located on Ester Dome…
Drilling under way at Melrose, Placer bet
A 3,000-m diamond drilling is under way at the Melrose Resources (VSE), Placer Dome Inc. (TSE) joint venture project at Blackstock Twp., 30 miles southeast of Timmins, Ont. Melrose President Peter Hun…
Northgate sifting through its expanding portfolio
One of the most active investors in the Canadian mining industry is preparing to embark on a period of self analysis. After a $100-million shopping binge in which it picked up minority interests in ni…
Investment Comment Junior gold producers evaluation
The Canadian gold mining industry today offers investors a broad spectrum of choices from senior gold producers to emerging junior gold producing companies Emerging junior gold companies are companies…
Battle Mountain profit reflects higher sales
Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…
Montreal Exchange Messeguay/ Corona deal
When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…
Abermin pursues claims despite numerical odds
The dispute between Granges Exploration (TSE) and Abermin Corp. (TSE) (N.M., Sept 5/88) over the Tartan Lake gold mine has taken on a new twist. It could be an ominous one for the almost insolvent Abe…