1989

From time to time in the mining- refining business, I hear statements such as “the metal price ought to go up because my production costs have risen” or “I ne ed a better metal price.” These statement…

22.50 ** Nov 360 P 307 4.501,241 ** The New York closing gold price was $366.75 per oz. Last quotations for IOCC gold options traded in Amsterdam, Montreal, Vancouver and Sydney …

Deep drilling results from Forsayth NL’s Mt. Gibson gold property in western Australia have persuaded First Toronto Mining Corp. (TSE) to buy the company rather than sell the 30% stake it already hold…

Market conditions the past year or so have been tough on junior- mining companies. Some have continued to struggle on their own while others have teamed up with seniors to try to ensure their survival…

An attempt by Utah-based Gold Standard Inc. to win full ownership rights to the Mercur gold mine from American Barrick Resources (TSE) has taken what may be a significant new turn. Against the objecti…

Encouraging drilling results from the Belleview gold property in Nevada have been reported by Goldteck Mines (TSE). The company says the results indicate the deposit extends a considerable distance to…

With control of over 17 million acres of land covering a portion of Alaska roughly the size of France, Doyon Limited, an Alaskan native regional corporation, is unquestionably the largest single holde…

Having secured its independence from Newmont Mining Co. (NYSE), Arizona-based Magma Copper Co. (NASDAQ) is looking around for investment opportunities to reduce its exposure to future weaknesses in th…

American Billion Minerals — 500,000 sold for gross $225,000. Ber Res — 300,000 com & 300,000 flow- through offered @ 40 cents per sh. Intertech Minerals — 800,000 sold for gross $280,000. Huntingto…

Dayton Porupine Gold Mines was up sharply by 80 cents this week with trading in the $1.95-$2.15 range. There is talk of a possible Dayton underwriting at the $3 level. The junior company, controlled b…

Recently reaching agreement with Aur Resources (TSE) to earn up to a 45% interest in Aur’s 9-claim Lourmet property in Louvicourt Twp. near Val d’Or, Que., was Exploration Rogi (ME). The copper-zinc-s…

Acquisition of the Congress gold mine near Wickenburg, Ariz., by Malartic Hygrade Gold Mines (Canada) (VSE) from Echo Bay Mines (TSE) has been completed, Malartic reports. The sale of the mine for sha…