News




Goldteck positive on several projects

Junior Goldteck Mines (TSE) could have two projects, one in Chile and the other in Nevada, in operation next year and a third, in northern Ontario, well on its way to production. The company recently …



Editorial Getting information

The rules about insider trading were made so that directors, officers and others close to a company would not benefit from information to which the general public does not have access. It is a worthy …


Six gold mines close, six open while gold slumps

A year-long slump in the price of gold bullion has forced at least four Canadian gold mines to suspend operations during the past six months, while a similar number of new mines have come on stream ov…


Atlas Copco awards $2,500 scholarship

In 1982, Atlas Copco Canada established at Haileybury School of Mines an annual scholarship of $500 for a student in the school’s mine maintenance program. In 1989, the value of this scholarship was i…


Charlim financing

A private placement of 3.3 million flow-through shares by Charlim Explorations (VSE) will allow the company to fund exploration on mineral prospects in Ontario and Quebec. The placement was completed …


People (November 13, 1989)

PIONEER METALS — The new board of directors consists of Stephen Sorenson, chairman; Dr Stewart Blusson, vice-president, exploration; and Wayne Smith.


Hope Brook loss

The Hope Brook gold mine in Newfoundland continues to operate at a loss, owner Hope Brook Gold (TSE) says. For the third quarter ended Sept 30, Hope Brook lost $3.9 million or 13 cents per share. Alt…


Cominco increases stake in smelter

A wholly owned subsidiary of Cominco Ltd. (TSE), Cominco American, has purchased a 50% interest in the Glenbrook nickel smelter from USA Investments. The Glenbrook nickel smelter is in Riddle, Ore. It…


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