Serious recession unlikely says RTZ
“Even if the world’s major economies weaken, the mineral and metals industries are unlikely to revert to the weak state they were in during the early 1980s,” says RTZ’s Chairman Sir Alistair Frame. Br…
News
News in Brief (June 26, 1989)
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
Champagne mine enters production
Production is under way at the Champagne heap-leach gold mine in Idaho, Bema Gold (TSE) reports. The company says the mine is scheduled to produce about 17,500 oz of gold equivalent to the end of 1989…
Dona Lake important to Placer’s Canadian plans
The Dona Lake gold mine about 10 miles southeast of here is expected to produce just 3% of Placer Dome’s (TSE) annual gold output by 1990, but it’s an important link in the company’s chain of gold min…
How some base metal deposits compare
Representative tonnage and grade figures for some volcanic associated massive sulphide deposits in the Superior Province (Quebec and Ontario) Tons of ore Oz/T Oz/T M…
Pegasus shareholders ratify pioneering rights plan
A shareholder protection rights plan adopted late last year by Pegasus Gold Inc. (TSE) to prevent coercive takeover activity was ratified by shareholders at the company’s recent annual meeting. Pegasu…
Arizona Star drills California gold bet
Drilling is scheduled to get under way next month on the Imperial Cty. joint venture in California, owned 65% by Glamis Gold (TSE) and 35% by Arizona Star Resources (VSE). The property covers an area …
Metal Prices PRODUCER PRICES (June 26, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.50 cents per lb. (June 15, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (June 8, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (June …
Alberta Stock Exchange Savanna basks in Aur
An investment community hungry for a major base metals strike to get its teeth into has taken a big bite of Aur Resources and partner Societe Miniere Louvem and their copper and zinc-rich massive sulp…
Skyline updates geological reserve estimate
A 28% increase in geological reserves was announced by Skyline Gold Corp. (TSE) for its 100%-owned Johnny Mountain gold mine project located in the Iskut River area of northwestern British Columbia. T…
More drills head for Aur find
Three drills are currently at work probing the depths of the Louvem base metal property owned by Aur Resources (TSE) and Societe Miniere Louvem (TSE), 15 miles east Val d’Or, Que. The recent discovery…
Nova Scotia withers in wake of Nfld exploration boom
Explanations of the current exploration boom in Newfoundland and the bust in Nova Scotia were offered at a recent Maritime Minerals Exploration Discussion Group gathering in Halifax. Although 1987 was…