1989

Two properties near Lac St. Jean, Que., have been optioned to related companies Golden Dragon Resources (VSE), Tarzan Gold (ASE), Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). All but Glen…

I am writing to express my disappointment on behalf of Newhawk and our partners, Granduc Mines Ltd., regarding comments made in your stock market column of April 10, 1989. In the article you commented…

Radisson Mining Resources (ME) has purchased 1.4 million shares of Duquesne Gold Mines, a private company. Duquesne holds a 75% interest in the Duquesne gold property in Quebec. Radisson must pay $4.2…

Struggling against falling bullion prices, LynnGold Resources’ (TSE) MacLellan mine near Lynn Lake, Man., produced 13,460 oz of gold at a cost of $443 per oz during the first quarter of this year. Tho…

Drilling by Oneida Resources (VSE) on the company’s Mexican Hat gold property has returned an exceptional hole of 285 ft grading 0.203 oz gold per ton. The assay cut to one oz was 0.096 oz gold per to…

Canadian government estimates of mineral exploration expenditures ranging from $700-$900 million in 1989 are overly optimistic, the president of a major Canadian flow-through fund says. Jean-Guy Masse…

When Audrey Resources (TSE) brought its 70%-owned Mobrun polymetallic mine into production two years ago, there were fears that the company would have trouble living up to the terms of a custom millin…

Toronto-based Agnico-Eagle Mines (TSE) recently completed the sale of its real estate division to Ontario developer Iona Corporation for $42.8 million. Net proceeds from the sale after repayment of mo…

Governments in Canada have the power to give mining companies the right to develop the country’s mineral resources. They also have the responsibility of making sure companies use the best available te…

The profits of many North American uranium producers are being squeezed by low metal prices, but first-quarter results for Uranium Resources (NASDAQ) tell a different story. Net income was $2.3 millio…

The retirement of a Supreme Court of Canada judge could result in another appeal hearing in the ownership dispute over the Page- Williams gold mine in the Hemlo area of northern Ontario. Justice Willi…

A deal has been completed which will merge a subsidiary of South Atlantic Ventures (VSE) with a subsidiary of Union Mines to form a new company called Union Copper. Atlantic will remain the sole share…