Perron pours first gold bar
The first gold bar was poured May 18 from the gold-silver Sleeping Giant mine of Perron Gold Mines (ME). The mine is located near Amos in northwestern Quebec. Perron, part of the Hughes-Lang group, is…
News
Spirit Lake issue
A private placement has been arranged by Spirit Lake Explorations with three financial institutions in France. The deal will see Spirit issue common shares at a price of $3.70 per share for total proc…
Gold assays prove marginal at Geddes’ Windy Craggy bet
If the Windy Craggy deposit operated by Geddes Resources (TSE) contains a sizeable gold deposit, judging by the first results from northwestern B.C., the Toronto-based company has yet to find it. Afte…
Letters to the Editor Equal partners
Your recent article (N.M., May 9/88) highlighted the progress made in the development of the Ketza River mining project jointly owned and operated by Pacific Trans- Ocean and Canamax Resources. As a r…
Alberta Stock Exchange Mohave buys producer
For the third week in succession, Mohave Gold was one of the big traders following news that the Calgary company will buy a Nevada- based gold-silver producer called Canyon Development Mining Inc. Tra…
Placer bulk test planned by Macamic
A bulk sampling test on a section of the Chaussegros zone of the Gilbert River gold placer project in the Beauce region of Quebec will be undertaken by Macamic Resources (ME). The company says reverse…
Cove bid pays off for Echo Bay
There is obviously an element of luck in whether or not a deposit turns out to be large. But only if a company is out there rolling the dice does it stand a chance of winning big. At the McCoy/Cove go…
People (May 23, 1988)
Aintree Resources — Herbert Ackerman appointed president; Terry Fields director, succeeding Peter Cox who has resigned.
Belmoral Mines looks ahead to improved gold output
Although Belmoral Mines (TSE) had record earnings in 1987, both income and production were lower than expected. The company continues to look ahead, and is projecting gold output of 97,000 oz in 1990….
Investment comment TVX offers exposure to S. America
While car manufacturers and high tech specialists look to Japan and the Far East for innovation and higher productivity, precious metal mining companies, regard South America as the new land of opport…
Malartic Hygrade looking to boost gold production
Aiming to increase its annual gold production to the 100,000-oz level, Malartic Hygrade Gold Mines (Canada) (VSE) is looking to acquire mines at or near production, says President Marc Henderson. Hend…
Steel’s short-term outlook favorable
The short-term outlook for steel appears favorable. The International Iron and Steel Institute forecasts demand for crude steel in 1988 will reach 764 million tonnes, 10 million tonnes above last year…