Amax to expand Sleeper gold mine
The expansion of Amax Gold’s (TSE) Sleeper Mine near Winnemucca, Nev., is expected to add about 40,000 oz gold to the Colorado company’s annual gold production by 1989, the company said recently. Amax…
News
Toronto Stock Exchange Markets test post-crash lows following sell-
The post-crash rally, which saw almost 500 pts added to the TSE composite index since October, 1987, has all but disappeared over the past two months. Following a week of small but steady declines, th…
Granges’ Tartan mill shut down for repair
The milling operation at Granges Exploration’s (TSE) Tartan Lake gold project near Flin Flon, Man., has been shut down because of mechanical problems. Apparently an idler shaft in a rod mill cracked, …
Faith Mines starts drilling program
Faith Mines (VSE) has commenced an 8,000-ft diamond drill program on 7 1/4 mineral claims situated approximately 2,000 m east of Perron Gold Mines’ Sleeping Giant deposit in Chaste Twp., Que. Faith en…
Vancouver Stock Exchange Rate fearts send market down
Last week the federal government’s decision to extend and enhance flow-through (at least for juniors) was greeted with a big yawn; but the market has backed off since then and today it followed Toront…
Obituary William Bawden
William E. Bawden, a former chief engineer in the 1950s and 60s of the then-Ontario Department of Mines, inspection branch, has died at Port Hope, Ont., at age 90. A 1926 mining engineering graduate o…
Metal Prices FREE MARKET (May 16, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 10 May 9 May 6 May 5 May 4 Copper 1320-1330 1232-1234 1182-1184 1200-1202 1188-1190 Lead 337-339 …
Pegasus planning merger with U.S. gold producer
Although the company hasn’t abandoned its policy of developing new mines, Pegasus Gold (TSE) appears to have switched strategy, at least temporarily, to increase its gold output. Pegasus has entered i…
Falconbridge, Beaufield to resume drilling
Falconbridge Ltd. (TSE) plans to resume drilling this month on the Lac Rouleau, Que., gold project held with partner Beaufield Resources (TSE). The program will focus on the 18 zone which has been tes…
No net proceeds, no royalty, Minnova replies to Opawica
The reason Opawica Explorations (TSE) has yet to receive a royalty payment from the producing Lac Shortt gold mine in northwestern Quebec is because there has been no royalty payable, Minnova Inc. (TS…
Hemlo Gold earnings at $14.5m. for quarter
Earnings during the first quarter of this year were $14.5 million (17 cents per share) compared with restated earnings of $2.3 million (3 cents per share) for the 2-month period ending March 31, 1987…
Editorial Foreign risks too often ignored
Mineral exploration, by its very nature, is a difficult endeavor fraught with numerous risks — risks which all investors hopefully assess before buying shares. With so much risk to digest and weigh a…