Drill results boost Miligan potential
The latest results from wide-spaced drilling on the Mt. Milligan gold-copper project near MacKenzie, B.C., have Continental Gold Corp. (VSE) projecting a substantial increase in reserves. As operator …
News
Panorama begins feasibility study
Encouraged by the results of a recently completed pre-feasibility study, Panorama Resources (VSE) has commissioned a full feasibility study for the Platoro gold-silver project in southern Colorado. Th…
`89 building start possible Musselwhite could cost $100m
The Musselwhite brothers’ dream of seeing a gold mine developed at Opapimiskan Lake in northwestern Ontario could become a reality later this year when Placer Dome Inc. (TSE) announces the results of …
FINANCING (May 22, 1989)
VANCOUVER Brooklyn Res Inc — gross proceeds rec $250,000. Fair Harbour Mng — gross proceeds rec $280,000. Athabaska Gold Res — opt exerc on 250,000 @ 52 cents per sh. Glider Devel Inc — 600,000 s…
Montreal Exchange: Market advances
The market took a turn for the better this week with both the market portfolio and mining and minerals index posting broad advances, more than 65 pts and almost 62 pts, respectively. Volume was light-…
`Glasnost’ brings Polish mine, VSE junior together
The new spirit of glasnost sweeping Poland has set the stage for an agreement between that country’s largest copper mining and smelting organization and a Vancouver-based junior mining company. The re…
Drillers need to cut lost-time injuries says MAPAO director
The diamond drillers’ job is seen as a high risk occupation and unless the industry does something to improve that image, government may step in with increased regulation to reduce the rate of lost-ti…
Metal Prices PRODUCER PRICES (May 22, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.025 per lb. (May 11, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11,…
Higher metal prices help Noranda’s balance sheet
Known as a diversified natural resources company, Noranda Inc. (TSE) once had little to fall back upon but its copper production, Chairman Alfred Powis reminded shareholders at the recent annual meeti…
Toronto CIM plans excursion to view Pinch collection
A tour of the spectacular Pinch mineral collection at the National Museum of Natural Sciences in Ottawa is planned for CIM-Toronto branch members. Forty-six tickets are available for a bus excursion t…
Gold funds as of May 9
BGR Goldcorp Central MVP Capital1 Net value $11.59 % 7.25 % 6.26% 0.66 Price $ 9.125% 4.400% 5.50% 0.42 Discount $21.27% 39.3 % 12.1% …
Teck earnings rise
Net earnings for Teck Corp. (TSE) rose to $25.4 million or 31 cents per share in the first quarter of 1989 from $14.5 million or 18 cents in the same period last year. Revenues rose to $78 million fr…