Mishibishu rush compares to Hemlo
A mini-Hemlo camp in the making at Mishibishu Lake? That’s the impression one quickly gathers after a helicopter flyover of this bustling new gold area and meeting first hand with its key developers. …
News
High River acquires 20% of Nor-Acme Mns.
A. L. Parres, president of Nor- Acme Gold Mines (TSE), has agreed to sell his shareholdings in the company to High River Resources (VSE) of Vancouver, the company said recently. Parres currently holds…
Granges/Abermin marriage on the rocks over Tartan
What began as a marital spat between two Vancouver-based mining companies could turn into a full-fledged divorce. .T The object of the dispute is the Tartan Lake gold mine near Flin Flon, Man., curre…
Gaming still No 1 in Nevada but mining only game in Elko
Gaming is still Nevada’s largest industry and probably always will be. But it’s certainly not the mainstay of Elko anymore where legalized gambling began nearly a half century ago. Several new gold mi…
Sherritt Gordon has an improved quarter
While Sherritt Gordon (TSE) is on the hunt for new feed for its Alberta nickel refinery, buoyant nickel prices and coinage product profits combined to produce a record second-quarter. Net earnings inc…
Steelhead reserves better
Detailed analysis of geologic and assay data from the 1987 exploratory drilling program at Steelhead Resources’ (VSE) Excelsior Mine, Whatcom Cty., Wash., has revealed gold and silver reserves greater…
Major reduction in ore processing nets $1.6 million loss for
A loss of $1.6 million or 12 cents per share — the first quarterly loss since 1977 — has been realized by Agnico- Eagle Mines (TSE) for the second quarter ended June 30. The loss is attributed by m…
Heap-leach operation planned by Novagold
An open-pit gold-silver mine is planned by Novagold Resources (TSE) at Restigouche Cty., N.B., in the Bathurst area. Capital cost of the mine is estimated at $6.1 million. The Atlantic Canada Opportun…
Books in Review North American gold stocks book (September 05, 1988)
Buying and selling North American gold stocks holds the excitement, fascination and profit-potential of investing in other forms of gold, but with the measured prudence and rational decision-making re…
Leckie reserves increase
Drilling on the Leckie property has increased reserves to 193,000 tons grading 0.215 oz gold per ton, Stroud Resources (TSE) reports. Partner Exador Resources (TSE) is earning a 30% interest in the pr…
Metal Prices (September 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 Copper 1392-1394 N/A 1398-1399 1396-1398 1378-13…
MacDonald Mines regains shares in Gallen mine
A group of shareholders representing more than 10% of the issued shares of COATS-listed MacDonald Mines is trying to breathe new life into the mining company. At a recent meeting in Montreal, the comp…