1989


Giant slashes production costs

Third-quarter results of Giant Yellowknife Mines (TSE) indicate the gold producer is back on track after a period of fairly high production costs. Coincidentally, the company has been put up for sale …


Placer Dome eyes gold project in Tanzania

An advanced gold project in northern Tanzania, East Africa, has caught the eye of Placer Dome (Kahama), a wholly owned subsidiary of Placer Dome (TSE). The Placer Dome subsidiary recently signed an ag…


North American Metals finds financing

In order to cover further budget overruns at the 50% owned Golden Bear mine, North American Metals (VSE) has entered a financing agreement with Homestake Mining (NYSE), its principal shareholder. The …


Where does this leave Asamera shareholders?

The proposed purchase of substantially all the assets of Asamera Minerals (TSE) by Corona Corp. (TSE) in exchange for 10 million shares of Corona appears to have left minority shareholders out in the …


Correction (December 11, 1989)

A tailings treatment project of Giant Yellowknife Mines (TSE) identified (N.M., Dec 4/89) as being in Timmins, Ont., and operating at a breakeven level during the first nine months of 1989 was incorre…


Colony Pacific gets approvals for underground work

The proposed underground exploration program at the Blue Moon project owned 100% by Colony Pacific Explorations (TSE) was recently approved by all the required government agencies. The wait for enviro…


VSE orders new study for Calpine/Prime merger

The Vancouver Stock Exchange has requested officials of Prime Resources (VSE) and Calpine Resources (VSE) to provide shareholders with a new valuation opinion for the proposed merger between the two c…


Asarco earnings rise

Third-quarter net earnings of $52.7 million(US) were reported by Asarco Inc. (NYSE), a 14% increase over restated earnings of $46.2 million for the same period in 1988. Earnings per share amounted to …


Aurizon, Ezekiel await Val d’Or drill results

More results are expected by year-end from a 20,000-ft drilling program on Aurizon Mines’ (TSE) Connell Corner property adjacent to the Aur-Louvem base metal discovery near Val d’Or, Que. The property…




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