Montreal Exchange Wrightbar draws interest
After cresting at $8.75 early in the week, Societe Miniere Louvem ended the report period at $5.88 on 1.3 million shares of trading. Interest in Louvem increased last week on speculation of new drill …
News
Thorco planning to benefit from McLeod’s mining smarts
Management at Toronto-based Thorco Resources is hoping that a new association with metallurgist Dennis McLeod will have a significant impact on some of the company’s European and South African project…
Metal Prices PRODUCER PRICES (July 31, 1989)
ALUMINUM: MW U.S. Market US83.55 cents – 77.25 cents per lb. (July 13, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $5.65-$5.85(US) per lb. (J…
Flow-through funding off by 75% this year
The amount of venture capital raised for mineral exploration using flow-through shares has plummeted nearly 75% in the first six months of this year, says the Prospectors & Developers Association of C…
New mineral incentive program approved by Ontario legislature
Ontario’s new mineral incentive program is nearly ready and will cover eligible expenses retroactively to July 13, the day it was approved in the legislature. “We’ve had two questions since this progr…
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
Treminco opens Ptarmigan mine at Yellowknife, N.W.T.
The official opening of Treminco Resources (TSE) Ptarmigan gold mine took place a week ago at Yellowknife. The mill has been operating on a 2-shift basis (afternoon and graveyard) with ore being hoist…
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…
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…