News

Industry looking to extend the exploration momentum

If the Prospectors and Developers Association of Canada (PDAC) wanted to get one message across at its 1989 convention, it was that a healthy Canadian mining industry is one characterized by a vibrant…



Commodity index reaches new high

Helped along by metals prices, Scotiabank’s all-commodity price index rose by 1.8% in January. The index reached its highest level in the current business cycle and stands 7.6% above the 1980 peak in …


Pegasus increases stake in Pioneer Metals

U.S. gold producer Pegasus Gold (TSE) has further increased its equity position in Pioneer Metals (TSE). With the acquisition of 296,504 additional units that became available through the additional s…




Chevron has $8 million for Goldquest properties

The large property holdings of Goldquest Exploration (TSE) in northern Ontario’s Red Lake gold camp will soon be the focus of a major exploration effort by a new joint venture partner. The Toronto-bas…


COATS Trading Features (March 13, 1989)

Downward was the general direction taken by many COATS-traded mining issues this week. Chance Mining & Exploration has settled back down to the 43 cents -48 cents range after reaching a high of 76 ce…



Aur bids $8.3 million to take over Louvem

Small Quebec gold producer Louvem Mines (TSE) is being taken over by Toronto-based Aur Resources (TSE). Aur says it will spend $8.3 million to acquire about 65% of the common shares of Louvem, which o…


Noranda earnings

Booming commodity prices helped Noranda Inc. (TSE) earn $603 million or $3.14 per share in 1988. This compares with earnings of $343 million or $2.14 per share in 1987. The company’s mining division r…


Platinova, Corona target gold, pgm in Greenland

Exploration of a layered mafic intrusive complex along the east coast of Greenland has confirmed the presence of gold and platinum group metals, Platinova Resources (TSE) reports. The East Greenland p…


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