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…
News
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…
NovaGold drilling Mount Pleasant to test tin potential
A small diamond drilling program has been started by NovaGold Resources (TSE) on the Mt. Pleasant tin property in New Brunswick. The company is planning to drill at least two deep holes before year- e…
Barrick and LAC deals tap into new gold rally
American Barrick Resources (TSE) and LAC Minerals (TSE) have wasted little time in capitalizing from the 4-week-old gold rally. Moving quickly to take advantage of renewed investor interest in senior …
Gold price climbs $55 since September low, easily surpasses $400
Surprising more than a few analysts, the gold price has staged a recovery and surged past $400(US) per oz. The precious metal, in a price slump the past few months, has not reached such lofty heights …
Search for base metals
Ian Nichol, geology professor at Queen’s University, Ont., has received $1.6 million to study techniques for locating base metal deposits. The grant was made through the University Research Incentive …
Plexus moving toward production on Rawhide
In relative obscurity, Plexus Resources (TSE) and Kennecott Corp. have been developing a Nevada open pit mine that will rank as the fourth largest heap leach producer in the U.S. The Rawhide project, …
Cominco VP makes profitable trades
One of Cominco Ltd.’s (TSE) top executives earned a substantial profit recently while buying and selling shares of the Vancouver- based resource giant. John Fletcher, a senior vice- president in Comin…
Noble Peak to option U.S. zinc property
A large base metals deposit in Utah, held by a financially strapped junior, Noble Peak Resources (ASE), is on the auction block. “We expect to have an offer from a major U.S. mining company within thr…
Vancouver Stock Exchange Few bearish on gold sector
With the gold price surpassing the $400(US) mark and holding, it’s hard to find anyone bearish about the yellow metal’s future these days. While gold’s performance is always difficult to predict, that…
Aur, Louvem fight will stall project Noranda officer says
Underground exploration will not begin at the copper-zinc discovery of Aur Resources (TSE) and Societe Miniere Louvem (TSE) until a legal dispute involving the two companies is settled, says a top Nor…