1988

Pegasus buying into Pioneer Metals by David Duval

Pegasus Gold Inc. (TSE) recently concluded an agreement to purchase a $12 million convertible debenture from Pioneer Metals (TSE) which, for the debenture itself, would give Pegasus an approximate 14%…


Tri-Valley plans drilling, trenching on Richardson

More trenching and drilling are planned next year on Tri-Valley Corp.’s Richardson lode project southeast of Fairbanks, Alaska. Asarco Inc. recently dropped its option on the property without earning …


Nfld’s 12th annual open house

The 12th Annual Open House and Review of Activities by the Newfoundland department of mines is scheduled to be held Nov 3 at the Newfoundland Hotel in St. John’s. The meeting is designed to make the m…


NSR/Nova Cogesco agreement completed

An agreement has been completed between NSR Resources (TSE), Nova-Cogesco Resources (ME) and Belmoral Mines (TSE) which gives Belmoral the right to mine and continue exploration of the Rand Malartic p…


Queries Lac’s dividend confusing

My question is about LAC Minerals’ dividends. I thought I saw in your paper that LAC paid a 20 dividend in 1987, but I only got 10 per share for the 2,000 shares I own. Where did the other 10 go? P…


Nickel prices lift Inco to record

The profits keep rolling in for Inco Ltd. (TSE), which has recorded its third consecutive record for quarterly earnings. The nickel giant reported net earnings for the third quarter of $200.3 million …


Minnova increases 9-month earnings

Net income of $1.3 million (9 per share) was reported by Minnova Inc. (TSE) for the first nine months of 1988, compared with $880,000 (6 per share) for the same period last year. The company attribut…



Corona launches its first wholly-owned U.S. mine

Corona Corp. (TSE) has established its first, wholly-owned beachhead in the United States. The Santa Fe open pit, heap leach operation, several miles southeast of here, was officially launched as a go…


HudBay may shut down without government help

South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…


Alberta Stock Exchange Betts Cove ups Bitech

Drill results from what looks like the one of the best gold discoveries to date in Newfoundland, lead to a cease-trading order early in the week for property-holder Bitech Energy Resources. When news …


Spot prices at a glance (October 31, 1988)

Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…


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