1988

A $40 million(US) write-down has been taken by Galactic Resources (TSE) for its Summitville mine in Colorado. And Galactic chairman, Robert Friedland, is now downplaying the operation’s importance in …

Organizers of the 4th Coal Operators Conference, to be held in Tumbler Ridge, B.C., Sept 13-15, 1989, have issued a call for papers. Papers related to operating functions of producing coal mines or to…

Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…

Net earnings for the first nine months of 1988 for Broulan Resources (TSE) was $1 million or 15 per share compared to $694,961 or 10 per share for the first nine months of 1987. At the main property…

Milling of the bulk sample consisting of 10,000 tons is continuing at Vista Mines’ (TSE) Bootleg Lake gold mill near Creighton, Sask. A pour of 404 oz dore has been completed. The ore currently being …

Professor Jerry White states that gold and platinum can never be found in the same ore (N.M., Oct 17/88). I suggest Professor White do some research on the Coronation Hill gold-platinum deposit in Aus…

Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…

Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…

Mechanical difficulties at Agnico- Eagle Mines’ (TSE) Telbel mine near Joutel, Que., continues to have an impact on the company’s bottom line. As a result of lower gold production at the operation, Ag…

Now in its first year as a gold producer, Starrex Mining (TSE) recently reported a third quarter profit of $619,116 or 16 per share. A 35% joint venture partner with Uranerz Exploration and SMDC at t…

Further exploration entailing a substantial second phase diamond drill program and an orientation IP survey is planned for the Hislop property east of Timmins, Ont. During 1988, the property was the s…

Acadia Mineral Ventures of Toronto is exploring in southwestern Nova Scotia for gold-silver mineralization enriched in the axial zones of tightly folded anticlinal folds of the region. Acadia’s explor…