Survey of geologists supports registration
A survey of more than 3,000 geologists and other earth sciences professionals in Ontario has produced an overwhelming response in favor of professional registration, the Committee for the Professional…
News
Newmont quarterly results affected by Peabody plan
Denver-based Newmont Mining (NYSE) reported third quarter net income of $25.8 million(US) or 38 cents a share, compared with a previously restated loss of $52.7 million or 78 cents per share in the …
Metal Prices FUTURES PRICES (December 11, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec106.50 105.20 106.20 — 6.40 Jan104.80 103.90 104.20 — 6.35 Feb104.20 103.70…
Queries Goldhurst selling Mouska royalty
I have a certificate for 1,000 shares of Goldhurst Resources. According to information sent to shareholders, Goldhurst owns a 2% net smelter royalty interest in Cambior’s Mouska gold project situated …
Oropex seeks funds from New Zealand
Whitehorse-based Oropex Minerals (VSE) has completed a $128,000 exploration program on a gold property in the Shootamook Creek area of the Yukon Territory. The property is between Wolf Lake and the Li…
Government analyst’s price forecasts consistently accurate (The
Metal prophets and their price predictions were reviewed last month. Among the forecasters mentioned was Gerry Anders of the Ontario Ministry of Northern Development and Mines A teacher, author and ad…
FINANCING (December 11, 1989)
VANCOUVER Vista Res Co — 700,000 offered @ 35 cents per sh. Desert Gold — 600,000 offered @ 45 cents per sh. Mercantile Gold — opt exerc on 122,400 @ 55 cents per sh. Foresthill Res — 500,000 o…
BMR Gold drilling California property
A second-phase drilling program has been started by BMR Gold (ASE) to further delineate gold zones on its America Mine property held jointly with Fisher-Watt Gold in California. The 2,000-acre propert…
North American Metals finds financing
In order to cover further budget overruns at the 50% owned Golden Bear mine, North American Metals (VSE) has entered a financing agreement with Homestake Mining (NYSE), its principal shareholder. The …
Perrex amalgamation with private company fails to materialize
Dennis Sheehan and Robert Valliant, two former vice-presidents of exploration for LAC Minerals, have formed a private company to conduct mineral exploration. The two geologists had previously announce…
Tundra, Placer holes
A drill program by partners Tundra Gold Mines (VSE) and Placer Dome (TSE) has intersected narrow intersections of gold-bearing material along the MP zone on the McKenzie property. Near Val d’Or, Que.,…
Northgate earnings up compared with ’88
Toronto-based Northgate Exploration (TSE) has reported unaudited net income of $8.5 million or 35 cents per share for the nine months ended Sept 30, compared with $2.2 million or 10 cents per share …