COATS (over-the-counter) Gold Bar up 30 cents
This week’s rally involving the shares of many senior gold mining companies had little effect on junior issues trading on COATS. Following a European financing Carolin Mines is exploring the Ladner Cr…
News
Sirius has results on NWT placer bet
Reconnaissance sampling on the Selena Creek placer gold project in the Northwest Territories has encouraged partners Verdstone Gold (VSE) and Sirius Resource (VSE). Sirius reports that it recently c…
Montreal Exchange No shine to trading
Rising gold prices should have been considered positive news for the mining issues but for the week ending Nov 21, the mining and minerals index closed down 10.5 points. The general market portfolio i…
Canyon hires adviser
Canyon Resources (NASDAQ) has entered into an agreement with Bankers Trust ,where Bankers Trust will act as Canyon’s financial adviser in the acquisition of the assets of Addwest Gold. Canyon has the…
More Glimmer assays
Additional drill results have been released by Noranda Inc. (TSE) from its gold discovery held in joint venture with Glimmer Resources (VSE). Situated in Beatty and Hislop twps., Ont., the 14-claim pr…
Cominco Resources still in the red
An aggressive exploration and development program in the international arena is continuing to create red ink for Cominco Resources International (TSE). The company’s third-quarter loss was $2.4 millio…
Metal Prices (November 27, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 21 Nov 20 Nov 17 Nov 16 Nov 15 Copper …
People (November 27, 1989)
MODULAR MINING SYSTEMS — Michael Canty appointed vice- president.
Managing Canada’s Mines Mixture of talents needed to face
For Denis Lachance, communication, particularly with underground operations, poses more serious problems than manpower quality. Lachance, who manages Agnico-Eagle Mine’s 0000,0600 gold operations at…
Ridgeway boosts Galactic earnings
With the Ridgeway gold mine in South Carolina still surpassing projections, Galactic Resources (TSE) emerged with its bottom line firmly in the black for the first nine months of 1989. The Vancouver-b…
Inco foresees dip, then rise, in output of valuable nickel
Total nickel production of Inco Ltd. (TSE) is expected to decline in 1990 but recover handily in 1991-92, according to the company’s chairman. Addressing a meeting of brokerage house analysts in Toron…
Editorial Time to bury the flow-through myth
It is time to put an end to the myth of flow-through financing. It was a method of financing mineral exploration that did more harm than good to the industry. It has reinforced all the negative aspect…