1988

While no further work is contemplated at the present time on the Red Lake area gold property of Craibbe-Fletcher Gold Mines (COATS), at such time as access can be provided from the underground working…

Approximately 1,100 tons of ore grading 0.38 oz gold per ton was processed by Chelsea Resources (VSE) during May at its Spotted Horse mine near Lewistown, Mont. Fernando Nuflo- Moya, a company directo…

South American Goldfields was active this week, moving to 95 cents on volume of 66,500 shares. The company is active exploring for gold in South America. Transgold continued to show strength, remainin…

Mid-summer results to be gathered from exploration work on the Fuller zone of the Vedron property at Timmins, Ont., should be sufficient to justify the start of production by the end of the year, Vedr…

It was a case of “as you were” in Alberta as most of last week’s most active issues traded ahead of the pack on slightly lower volumes. International Baslen led the way with a 34} increase in its shar…

Golden Terrace Resources (TSE) expects to have a senior mining company take on a joint venture partnership this summer on its Richardson Lake gold property in northwestern Ontario. At the company’s an…

With two years of life remaining at its Picacho mine in California, Glamis Gold (TSE) hopes to increase gold production to nearly five times the current rate by 1990. Property acquisitions and joint v…

Placer gold mining operations will continue to represent Queenstake Resources’ (TSE) principal source of cash flow in the next few years. But revenues from hardrock production could also figure promin…

A $4.2-million exploration program at the Chester Twp. project south of Timmins, Ont., is producing some encouraging results for partners Chesbar Resources (ME) (60%) and Murgold Resources (VSE) (40%)…

Described by Chairman Robert Calman as a company “writing its history on the run,” Echo Bay Mines (TSE) is aiming to produce about 550,000 oz gold this year and more than 700,000 oz in 1989. The compa…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US} per lb.) Jun 109.00 108.50 108.50 — 3.00 Jul 106.80 102.90 …

In a deal that involves $6 million in cash and $14.8 million in shares, Breakwater Resources (TSE) will become the largest corporate shareholder in Noramco Mining (TSE). Howard Gougeon, vice-president…