RJK earning option in Sask. properties
Recently acquiring an option to acquire up to 60% of the interest of Lenora Explorations and Mary Ellen Resources in the Box mine and New Athona properties in northern Saskatchewan was associated comp…
News
Two gold pours for Placer Dome
Already one of North America’s largest gold producers, Placer Dome Inc. (TSE) will be adding two new producing gold mines to its growing roster this month. The newest gold mine in the Placer Dome Grou…
Corona offer expires March 7 for Dickenson, Kam-Kotia shares
A former president of Dickenson Mines, (TSE) Arthur White, after whom Dickenson’s Red Lake mine was named, thinks the price being offered in a takeover bid by Corona Resources (TSE) is too low. “I don…
Vancouver Stock Exchange Gold’s decline slows stock trading
With the gold price still fluctuating below the $400(US) level, there was no mistaking the downward pressure on gold issues in recent trading here. Non-resource stocks appear to have dominated trading…
Piedmont’s Haile gold mine has large exploration potential
The axiom that mines are made and not found holds true for Piedmont Mining (NASDAQ) and its Haile gold project in South Carolina. Now ranked third behind the Ridgeway mine (BP/Galactic) and the nearby…
INSIDER TRADES (February 20, 1989)
Atlantis — L. Payne sold 300,000 (Jan) @ 80 cents to hold 1,726,245. Barron Hunter Hargrave — J. Hargrave sold 50,000 (Jan) @ 3 1/2 cents to hold 3,040,200. S. Hargrave sold 98,000 (Dec) @ 3 cents …
White mine’s output up but operating costs rise
Gold production at the A.W. White mine near Red Lake in northwestern Ontario totalled 70,200 oz last year, up from 63,800 oz in 1987, Dickenson Mines (TSE) reports. During the fourth quarter of 1988, …
DRX to launch control bid for troubled McFinley Mines
New York-based holding company DRX Inc. is preparing to launch a takeover bid for McFinley Red Lake Mines (TSE). Dissatisfied with the lack of progress at McFinley’s Bateman Twp. gold project near Red…
HudBay hammering out loan to modernize Flin Flon project
Hudson Bay Mining & Smelting (TSE) Canada’s third-largest copper and fourth- largest zinc producer, had expected to net $86 million in loans from the federal and provincial governments to modernize it…
Avino to acquire interest in Nevada silver mine
Under the terms of a new 24-year joint venture agreement, Avino Mines & Resources Ltd. (VSE) has taken over as operator of the Wonder silver and gold mine held under option by Belmont Resources (VSE)….
Land use dominant issue at B.C & Yukon mining meeting
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
Market forces send copper prices tumbling
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses, and backwardation on both exchanges seem to …