1989


Noranda increases stake in Falconbridge to 25%

It may be that Noranda Inc. (TSE) was simply trying to consolidate its status as Falconbridge Ltd.’s (TSE) largest shareholder when it bought 3.5 million of the nickel miner’s common shares recently f…



IOCC GOLD OPTIONS (June 12, 1989)

Options Open Series Volume Last Interest Aug 370 C 168 12.00 514 Aug 380 C 240 8.50 1,060 Aug 400 C 110 3.50 2,555 Aug 420 C 1,380 …



Tri-Valley awards Alaska contract

A Montana- based company has been awarded a contract to mine and process gold ore from one square mile of Tri- Valley Corp.’s Richardson lode project near Fairbanks, Alaska. Tri- Valley trades over th…


U.S. gold production remains healthy

Declining gold prices have not hurt American production of the precious metal, according to a study by the Metals Economic Group in Halifax, N.S. In 1989, U.S. gold production will climb by more than …


B.Y.G acquires 100% of Mt. Nansen

B.Y.G. Natural Resources (VSE) has increased its ownership in the Mt. Nansen gold-silver property to a full 100% interest. The company acquired a further 31% in the Yukon project from Chevron Minerals…


Metal Prices (June 12, 1989)

FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 6 June 5 June 2 June 1 May 31 Copper 1565…


Editorial U.S. Mining Act is best left alone

The United States Congress is coming dangerously close to trashing its 117-year-old Mining Act and replacing it with something that is bound to paralyze the mineral exploration industry for the next d…


Cameco to drill Hanson Lake

A large follow- up drilling program has been recommended for the Hanson Lake project of Cameco and Trimin Resources (VSE), 40 miles southwest of Flin Flon, Man. Besides testing the strike and depth ex…



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