Silver lining for Coeur d’Alene
Just over two years ago, Coeur d’Alene Mines (Amex) was struggling to survive as a silver producer. Silver is described as the “poor man’s gold” and, not surprisingly, many companies still manage to s…
1989
Feasibility for Donalda
The Donalda gold project near Rouyn-Noranda, Que., is to undergo a feasibility study this year following completion in August of an underground exploration program, including a mill test on a 28,000-t…
Low costs key to FMC performance
By stepping up production and reducing costs at its Nevada gold mining operations, FMC Gold Company (NYSE) was able to increase its first-quarter earnings by 3% over the comparable period in 1988. The…
Lenora sells interest to American Barrick
Greater Lenora Resources (TSE) of Toronto has announced plans to sell its 35% interest in properties in northeastern Ontario to joint partner American Barrick (TSE). American Barrick will pay $1.6 mil…
PDAC welcomes 7 new directors
The Prospectors and Developers Association of Canada recently welcomed seven members to its board of directors: Ian Atkinson, Ontario Mineral Exploration Federation, Timmins, Ont.; Stanley Hawkins, Ta…
Editorial Budget of broken promises
Promises. They’re easy to make, and in the case of politicians, difficult to keep. The Tory budget tabled by Finance Minister Michael Wilson in parliament last week was supposed to be a model of stric…
Spot prices at a glance (May 08, 1989)
Price Week’s ($US) Change($) Gold* 376.50 — 7.90 Silver* 5.64 — 0.14 Platinum* 534.50 +13.50 Nickel** 6.54 — 0.22 Lead** 0.29 + 0.01 Copper 1….
Queries Loss of Inspiration
I have an old stock certificate for 100 shares of Inspiration Ltd., dated Jan 6, 1969. What is the current status of this company and does the stock certificate have any value? L.B. Bathurst, N.B. U…
Redstone Resources completes offering
Toronto-based Redstone Resources (TSE) says it has successfully raised $800,000 through a rights offering. Net proceeds will be invested in mining ventures and related fields, according to President D…
New mill boosts FirstMiss earnings
Now that it has a new mill up and running at its Getchell gold mine project in northern Nevada, FirstMiss Gold Inc. (NASDAQ) is reporting a significant increase in its net earnings and operating profi…
Montreal Exchange Eastmain go-ahead
Mixed trading marked the week in Montreal, where the general market portfolio index jumped more than 30 pts and the mining and minerals index dropped almost 20 pts. Daily volumes ranged between 4.3 mi…
Varna, Gingrich Exp. complete Tilt deal
Calgary-based Varna Gold (ASE) and Gingrich Exploration have signed an agreement allowing Varna to earn a 100% stake in the Tilt Cove gold property in return for expenditures of $250,000. The property…