Gold Vessel to earn 49% of Manitou bet
Gold Vessel Resources (ASE) recently agreed to earn a 49% stake in Societe Miniere Louvem’s (TSE) former Manitou base metal mine in Bourlamaque Twp., east of Val d’Or, Que. From 1942 to 1979, before t…
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Aur sizes up Louvicourt deposit
Despite all of the speculation that has accompanied a series of drill results at the Aur Resources (TSE), Societe Miniere Louvem (TSE) project near here, the joint venture is still trying to get a han…
Amax earnings lower in 1989
Although gold production rose 26% for the first six months of this year, Amax Gold Inc. (TSE) reported a decrease in net earnings for both its 1989 first half and second quarter. The company reported …
Easing nickel prices behind lower Inco profit
Lower nickel prices during the second quarter are being blamed for the decrease in earnings at Inco Ltd. (TSE). However, few people at Inco are shedding any tears. For the period ended June 30, the co…
Queries Pelangio-Larder is still active on COATS
I have a number of old stock certificates for the following five companies: Amalgamated Rare Earth Mines (50 shares), Lingnora Gold Mines (1,000 shares), Consolidated Halo Uranium Mines (80 shares), P…
Managing Canada’s Mines Motivation and xperience benefit Detour
Broad operating experience, coupled with an ability to motivate people, has won spurs for the manager at Placer Dome’s Detour Lake operation — considered in the industry to be a tough assignment. “I …
Special to The Northern Miner Mt. Hundere leading Yukon project
A few companies have the bulk of mineral exploration dollars behind them in the Yukon this year. Topping the list is the ambitious Mt. Hundere silver-lead-zinc property near Watson Lake, where a conso…
Falconbridge profit down on lower nickel price
Slightly lower prices for base metals combined with increasing costs resulted in reduced second- quarter earnings for major nickel miner Falconbridge Ltd. (TSE). The company reports that markets for i…
Minerex profits go back to Aurora
Proceeds from gold and silver sales in fiscal 1989 at the Aurora mine of Minerex Resources in Nevada will be used for operations, debt repayment and waste stripping, said President Rodney Duncan. Mine…
Problems at Elliot Lake mine reflected in Denison results
While Toronto-based Denison Mines (TSE) is still negotiating to sell its oil and gas assets before concentrating on uranium mining, the wisdom of that decision has yet to be reflected on the company’s…
Phelps Dodge could expand exploration activity in Canada
Phelps Dodge Corp. (NYSE), the largest copper producer in the United States, is reported to be contemplating beefing up its exploration role in Canada. The company has not been active in Canadian ex…
IOCC GOLD OPTIONS (July 31, 1989)
Options Open Series Volume Last Interest Aug 390 C 445 1.50 1,808 Nov 400 C 188 5.00 2,147 Nov 380 C 147 1.20 1,551 Aug 400 C 116 0.50 3,398 Aug 380 C 64 …