Canpotex sales to China a model of marketing
If anyone could convince the miners of Canada that Asia and the Pacific Rim are ripe for renewed marketing efforts, that someone is Canpotex Ltd. President Erik Ekedahl. The story of his company’s sta…
1989
Drilling cuts PGM values at Big Trout Lake property
International Platinum Corp. (TSE) has drilled its best holes ever on the Big Trout Lake platinum- palladium property in Ontario. Five of tens holes intersected platinum- palladium values in excess of…
Editorial Resentment
In the wake of the federal budget, G. D. Dickson, a reader from North Vancouver, B.C., has reminded us of a poem by Robert Service. In the last stanza of his poem, Resentment, after he has described t…
Placer Dome yet to prove that Lassie such a steal
A longtime shareholder of Lassie Red Lake Gold Mines (COATS) says that Placer Dome (TSE) got a bargain when it paid $225,000 to gain control of the Toronto company. Lassie Red Lake, whose sole asset i…
Rouyn Mining arranges Francoeur financing
A $2-million bank facility has been arranged by Rouyn Mining Resources (TSE) to help pay for the company’s share of costs at the Francoeur gold mine near Rouyn- Noranda, Que. Rouyn Mining, with a 50% …
Metal Prices FUTURES PRICES (June 05, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun113.50 113.40 113.60 — Jul116.40 114.00 114.50 + 3.90 Sep114.30 112.40 112.80 …
Granges terminates Goldbelt deal
The proposed merger between Granges Exploration (TSE) and Goldbelt Mines (VSE) has been scuttled by dissenting shareholders. More than two million shares were received by Granges in proxy form opposin…
Minorco and the Maple Leafs
Even in the worst of situations, it’s wise to look on the bright side. To concentrate too much on life’s little setbacks is not good for one’s health. In that light, we take our hat off to James Cap…
Costs too high for Giant Yellowknife
The main challenge facing Giant Yellowknife Mines (TSE) is reducing operating costs and increasing the profit on each ounce of gold produced, President Adrian Fleming said at the annual meeting. Giant…
Positive feasibility study for Atlanta Gold
With a positive feasibility study in hand, Atlanta Gold Corp. (TSE) says it is moving ahead to complete the permitting and project financing for its 100%- owned Atlanta Gold project in Elmore Cty., Id…
Rea Gold taking traditional route to production
Up until several years ago, the height of ambition for a junior company with a promising property was to strike a joint venture deal with a major mining concern, hopefully with one benign enough to le…
Callahan loss $1.2 million
Attributing the loss to lower revenues from the Galena silver mine in Idaho, ongoing problems at the Ropes gold mine in Michigan, and high exploration expenditures, Callahan Mining (NYSE) reported a l…