Teck to mine Comet-Davenport
Teck Corp. (TSE) plans to mine the Comet- Davenport property near its Afton copper mine at Kamloops, B.C. Three Vancouver-listed companies: Comet Industries, Davenport Industries and Initial Develope…
News
Huntington drilling yields gold values at Brett project
Four more holes have been reported by Huntington Resources (VSE) from its Brett property near Vernon, B.C., the subject of an option agreement with Corona Corp. (TSE). All of the holes returned encour…
Ennex still needs permits at Scotland-based gold bet
Encouraging results have been reported from a number of international exploration projects held by Ennex International. A loss of $341,000 or 41 cents per share was recorded by Ennex during the six m…
Minister for mines dropped in cabinet shuffle
For the first time since 1980, Canada is without a federal minister of state for mines. The change, part of Prime Minister Brian Mulroney’s recent cabinet shuffle, has so far drawn mixed reactions fro…
Financing (September 26, 1988)
ONTARIO Alterio — final rec iss offer min 625,000 & max 1,250,000 @ 80 cents per unit to net min $465,000 & max $930,000. VANCOUVER Camas — gross proceeds rec $200,000. Gold Torch — gross proceeds…
Galactic earnings drop
A delay in the start of the 1988 mining season and debenture issue costs totalling $1.932 million(US) led to a seasonal second quarter loss of $4.348 million for Galactic Resources (TSE), up considera…
Books Register gets bigger
The book which has gained the high reputation over the past few years as a wealth of resource information, has just been published in its updated version. Register of Australian Mining (1988/89) by Ro…
Spot prices at a glance (September 15, 1988)
Week’s Price (US) Change Gold (per oz) $421.90 $5.10 Silver (per oz) $6.51 $ Platinum (per oz) $524.00 $2.00 Copper (per lb) $1.13 + $0.06 Lead (per lb) $0.28 $ Z…
Trend to smaller mines worries union
The boom and bust cycles of mining are expected to continue with even more dramatic swings than in the past say a team of researchers for the United Steelworkers of America. The union’s research team …
Inco’s first gold mine opens
While pouring the first gold bar from the East zone of their Golden Pond project in the Casa Berardi region of northwestern Quebec, Inco Gold and Golden Knight Resources (TSE) announced drill results …
Metal Prices Boost Equity Silver Revenues
While first half earnings for common shareholders slipped this year from the comparative 1987 period, Equity Silver Mines (TSE) said revenues from silver, copper and gold improved over those of 1987 d…
Tenajon Intersects High Grade Gold on S.B. Property
Since the glory days of the old Premier mine north of Stewart, a belief persists among the local mining fraternity that had this corner of British Columbia been a little less rugged and a little more …