International Coast hosts Soviet delegation
A delegation from the Soviet Union visited Vancouver in early March to discuss mining industry opportunities that are becoming available in that country because of economic reforms under perestroika. …
News
Raw Bean production ahead of schedule
The Raw Bean diamond project in Brazil will begin production this month, more than one month ahead of schedule and about 10% under budget, Glencairn Explorations (ASE) President Kerry Knoll announced …
Selling off oil and gas assets gives Westmin strong earnings
A gain from the sale of its oil and gas assets helped Westmin Resources (TSE) report year-end earnings of $63.6 million or $1.17 per share, compared with earnings of $17.8 million or $0.02 per share i…
Bulk sample for Can-Mac
Owners of the Mon gold project at Discovery Lake, N.W.T., are encouraged by exploration results to date. Can-Mac Exploration (VSE), in the midst of a drilling program, is awaiting the results of a rec…
Easing of regulations in Latin America improves climate for
investment…
FINANCING (March 19, 1990)
Desert Sands — 800,000 offered @ 50 cents per unit. Eurogold — min 500,000 offered @ 45 cents per sh. Milan Res & Expls — 1,000,000 sold for gross $450,000. Excellon Res — min 650,000 offered @ 35…
People (March 19, 1990)
BRANER RESOURCES — Mark Wallbom appointed to the board of directors.
Nerco fashions Con turnaround with US$95-million investment
A well defined operating strategy backed by more than US$49.4 million in capital improvements has enabled Nerco Minerals, a unit of Nerco Inc. (NYSE), to achieve a turnaround in operations at its Con …
Nova-Cogesco Res. raises funding
A $2.5-million private placement with Le Fonds de solidarite des travailleurs du Quebec and MSV Resources (ME) has been completed with Nova-Cogesco Resources (TSE), the companies report. Le Fonds acqu…
Spot prices at a glance (March 19, 1990)
Week’s Price (US) Change Gold* $398.80 — $3.80 Silver* $5.09 — $0.05 Platinum* $502.50 — $6.05 Nickel** $4.13 + $0.17 Lead** $0.55 + $0.10 Copper- $1.18 Zinc $0.79 + $0.07 Courtesy of Scotiabank. I…
Obituary Walter Baker
Walter Baker, well-known prospector and resident of Larder Lake, Ont., died suddenly on March 2. He was 86. Baker began prospecting at an early age in the Bisset-Rice Lake gold camp of Manitoba and du…
Northgate income up from last year
Lower income taxes and investments in associated companies resulted in a better earnings picture for Northgate Exploration (TSE). The Toronto-based company reported net income of $9.4 million or 42 ce…