Share price collapse reflects troubles experienced by Pioneer
sinc 1988…
News
Saskatchewan, exploration and development highlights
Year-end estimated exploration and predevelopment expenditures in northern Saskatchewan in 1989 were $71 million, compared with $105 million in 1988. While expenditures on uranium rose, those on gold …
PDAC environmental policy follows principles of MAC
The Prospectors and Developers Association (PDAC) recently released the following “environmental policy”: The PDAC is committed to the concept of sustainable development, which requires balancing the …
Gibraltar earnings at 10-year high
Gibraltar Mines (TSE) reported its highest earnings since 1979 for the year ended Dec. 31. Net earnings for the year were $24.3 million on revenues of $104.7 million, compared with earnings of $8.3 mi…
Pamorex drilling yields positive results
Results from six drill holes completed on the Winnie Lake project near Kirkland Lake, Ont., have revealed interesting base metal values. In January, joint venture partners Pamorex Minerals (TSE) and T…
Princeton backs out of graphite
By mutual agreement, Princeton Mining (TSE) and Societe D’Exploration Mazarin (ME) have ended negotiations toward an agreement that would have seen Princeton acquire a 50% interest in the Lac Knife gr…
Yukon mining industry looks to increased activity
Cautious optimism about an upturn in mineral exploration this year after the 1989 slowdown might best describe the feelings of the Yukon mining industry. Mine industry representatives predict between …
Vancouver Stock Exchange Stikine spurs activities
The continued slide in the price of gold has not deterred Vancouver players from taking part in a shopping spree this past week. Although gold fell about US$4 to the US$404-level, the Vancouver Stock …
Ontario’s northwest leads way in gold production
Northwestern Ontario residents often feel geographically isolated from the rest of the province. But they are in no way immune from the economic effects of provincial, national and international activ…
Substitution trends in Steel industry
An economic analysis of general trends determining to what extent the reduction in steel intensity in the industrialized countries is ascribed to the substitution of steel for other materials, such as…
Ottawa puts an end to CEIP grant scheme, flow-through still in
for exploration Dismemberment of the Canadian Exploration Incentive Program (CEIP) by the federal government in its 1990 budget announcement follows a year in which the national financing scheme for g…
Long Range busy on Newfoundland claims
After raising $525,000 in its first public share offering, Long Range Resources (ASE) is gearing up to explore several gold properties in Newfoundland this spring. The main focus of this year’s work w…