Audrey to announce results of Mobrun study
Audrey Resources (TSE) and joint venture partner Minnova Inc. (TSE) are planning to announce a reserve update at their Mobrun polymetallic mine near Rouyn-Noranda, Que. Mine manager Jean Bailly refuse…
News
Mill. oz gold loan secured by Barrick
Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…
Alberta Stock Exchange Guinness rises
While the name is certainly eyecatching, there is apparently no connection between Toronto-based Guinness Gold Resources and the well known Irish brewer. Nevertheless, an attempt by Guinness Gold to c…
Letter to the Editor Lunar Base preparations under way (April 03, 1989)
As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …
Decline in metal prices felt by commodity index
Stumbling metal prices in February contributed to a decline of almost 1% in Scotiabank’s all- commodity price index for that month. “Industrial metal prices moved down in February and March from high …
Montreal Exchange Louvem mine partner
Continuing to pop up in the news is Louvem Mines, the Val d’Or area gold producer which has been expanding its Chimo mine operation. The latest development involving the company has major Quebec gold …
SUSTAINING MORALE
“Hi John, how are ya?” “Mornin’ “HJim, how ya doin’ b’y?” At the Brunswick mine site, people greet each other by their first names. The impression one gets is that these workers have known each other …
Nord profits increase
Nord Resources realized an 18.6% increase in earnings last year with a profit of $15.7 million(US). Last year the gold and industrial minerals producer earned $13.2 million. The increase in earnings i…
Aylmer listed on ME
Recently listed for trading on the Montreal Exchange were the common shares of Aylmer Mines (symbol AML) of Aylmer, Que. President of the junior mining company, which can trace its origins back to 196…
Falconbridge Gold profit
Earnings of $846,000 were realized by Falconbridge Gold (TSE) on revenues of $30.7 million in 1988. The company sold 57,518 oz of gold during the period. During the year, the company spent $5.1 millio…
Fraud charges force resignation
Eric Laing has resigned as a director of five companies comprising the Applegath Group. Laing gave up his directorships in Golden Pond Resources (VSE), Alotta Resources (VSE), Tundra Gold Mines (VSE),…
Earnings Report (March 27, 1989)
ABM Gold Corp. (TSE) reports for the year ended Dec 31 a net loss of $22.9 million(US) or $1.72 per share on revenue of $6.8 million. For the same period a year earlier the company reported a net loss…