Continuity confirmed at depth: Mimiska
Additional drilling results have been reported by Mimiska Mining (ME) from its wholly-owned Fern Elizabeth gold property in northwestern Quebec. The company says the latest results confirm the continu…
1988
Sherritt Gordon has an improved quarter
While Sherritt Gordon (TSE) is on the hunt for new feed for its Alberta nickel refinery, buoyant nickel prices and coinage product profits combined to produce a record second-quarter. Net earnings inc…
COATS Trading Features (September 05, 1988)
Interest in South American Goldfields (COATS) has been stirred by the preparations of field crews from Homestake Mining who are beginning work on two, 20-sq-mile, concessions held by South American in…
MinVen Gold has interest in S. Dakota
MinVen Gold Corp. (TSE), the recently formed offspring of an amalgamation involving Brohm Resources and MFC Financing has agreement to acquire a 33120/30303 1/2% interest in a soon- to-be-producing So…
Montreal Exchange Market shows gains
As lacklustre as trading on the stock markets has generally been of late, the Montreal Exchange managed to pull ahead during the week to show gains both in the market portfolio (almost 24 pts) and the…
Steelhead reserves better
Detailed analysis of geologic and assay data from the 1987 exploratory drilling program at Steelhead Resources’ (VSE) Excelsior Mine, Whatcom Cty., Wash., has revealed gold and silver reserves greater…
Metal Prices (September 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 Copper 1392-1394 N/A 1398-1399 1396-1398 1378-13…
Major reduction in ore processing nets $1.6 million loss for
A loss of $1.6 million or 12 cents per share — the first quarterly loss since 1977 — has been realized by Agnico- Eagle Mines (TSE) for the second quarter ended June 30. The loss is attributed by m…
Heap-leach operation planned by Novagold
An open-pit gold-silver mine is planned by Novagold Resources (TSE) at Restigouche Cty., N.B., in the Bathurst area. Capital cost of the mine is estimated at $6.1 million. The Atlantic Canada Opportun…
Reynolds gold mine expansion
Reynolds Metals Company recently announced a planned expansion of the Boddington Gold mine in Western Australia to double its original processing capacity, making it the largest gold mine in Australia…
Yukon busy at ex-producer in Slocan mining district
Exploration of the old underground workings at Yukon Minerals’ (ASE) Senator gold/silver claims near Slocan, B.C. is scheduled to begin almost immediately, the company said recently. Located 8 km sout…
MacDonald Mines regains shares in Gallen mine
A group of shareholders representing more than 10% of the issued shares of COATS-listed MacDonald Mines is trying to breathe new life into the mining company. At a recent meeting in Montreal, the comp…