Editorial Loony tune?
It might sound a bit loony, but the mineral potential of the moon is being given some serious consideration these days by some credible sources. The latest input into the discussion comes from Gregg…
News
Inco looks to fifth record quarter results
Inco Ltd. (TSE) is expecting its best quarter ever this year for the period ended March 31. The world’s largest nickel miner says this quarter’s results will represent its fifth consecutive record qua…
COATS Trading Features (March 20, 1989)
An active trader and volume leader again this week was Hanson Mineral Exploration which is planning to amalgamate with Perch River Mines, a private company controlled by J. McAdam and J.T. Flanagan. T…
Stan West mine closed
Operations at the problem- plagued McCabe gold mine have been temporarily suspended by Stan West Mining. Operating losses of $750,000(US) in January and February forced the mine’s closure, chairman Fr…
Santa Fe subsidiary developing 100,000 oz gold mine in Nevada
The minerals subsidiary of Santa Fe Southern Pacific Cor (NYSE), whose interests include transportation, real estate, and natural resources, plans to develop a major new gold mine in Nevada. Santa Fe …
Montreal Exchange No pattern to trading
Mixed trading characterized the week on the ME, with a province- wide power failure slowing activity considerably on one trading day. The Monday morning blackout prevented the exchange from functionin…
Earnings Report (March 20, 1989)
Uranium Resources (VSE) reports net earnings for the fourth quarter of $983,000(US) or 4 cents per share on revenue of $8.42 million. For the same period a year earlier the company reported a net los…
Placer, Tundra option
Placer Dome Inc. (TSE) has acquired an option on the McKenzie Break gold property held by Tundra Gold Mines (VSE). The 406-claim property is in Fieldmont and Courville twps., about 15 miles northeast …
Normetal drilling
Drilling on targets near old workings has resumed at the Normetal zinc-silver property in Perron and Desmeloizes twps. in northwestern Quebec, Normetal Mining Exploration (ME) and La Sarre Mining Expl…
Yellow Band options Diana Res. property
Diana Resources (VSE) has signed a joint venture agreement with Yellow Band Resources (VSE) involving the former’s 28-claim property in the Lac St. Jean area of Quebec. Yellow Band may earn up to a 50…
Thunder Mountain Nevada properties
Thunder Mountain Gold (OTC, Spokane) acquired extensive mineral rights last year in Eureka, Elko, and Lander Ctys, Nev. The company says several major mining companies have expressed an interest in th…
Editorial A $4-million gesture
Too often good deeds go unnoticed. So it’s nice to have the opportunity to tip the hat to some of the actions that make people in the mining industry proud. In particular, Inco gets the nod for a $4…