Costs up by $14 million, but Lawyers producing
Although the final tally for realizing its goal proved to be some $14 million higher than expected, Cheni Gold Mines (TSE) says it has reached commercial production at its 100%- owned Lawyers mine in …
1989
Quintette, Bullmoose receive open pit mines safety awards
Two northeastern British Columbia coal mines have been officially recognized as the safest open pit mines in the province. For the second year in a row, Quintette Coal Limited was presented a trophy b…
Correction (April 10, 1989)
Contrary to what was previously reported (N.M., Apr 3 /89, Encouraging results from Trader bet), Pamour Inc. was not a previous operator on a property held by Ronnoco Resources at Nighthawk Lake, near…
U.S. Gold adds up fifth year of profits
Denver-based U.S. Gold Corp. (NASDAQ) reported its fifth consecutive year of profits in 1988, despite an expected decline in revenues over comparable 1987 figures. For the year ended Dec 31, the compa…
Tri-Valley earnings rebound
Rebounding from heavy write- downs in fiscal 1987, Tri-Valley Corp. (OTC) reported a net profit for its 1988 fiscal year ended July 31 of $47,038(US) or 1 cents a share on revenues of $663,667. In it…
Gold funds as of March 28
BGR Goldcorp Central MVP Capital Net value $12.15% 9.16 6.67% N/A Price $ 9.63% 5.250 5.88% N/A Discount $20.78% 42.7% 11.9% N/A Va…
Vancouver Stock Exchange Guinness rises
High interest rates and fears of a recession continued to keep the investors at bay and put the damper on recent trading activity here. A strong U.S. dollar, weak gold prices, and Easter week compound…
People (April 03, 1989)
PIERCE MOUNTAIN RESOURCES — G. Krueckl has resigned from the board of directors.
Granges increases stake in Trout Lake mine
With a major development program to increase reserves and facilitate exploration at depth nearing completion, Granges Exploration (TSE) has moved to increase its stake in the Trout Lake mine located n…
Cusac, Gulf secure custom milling contract
With a custom milling contract now in place, 50/50 partners Cusac Industries (TSE) and Gulf Titanium (VSE) say the processing of ore produced at the Cruse-Belmont mine near Helena, Mon. will begin in …
Metal Prices PRODUCER PRICES (April 03, 1989)
ALUMINUM: MW U.S. Market US90-94 cents per lb. (Mar 22, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). CADMIUM…
September is target date at St Andrew’s Stock Twp.
It may be well into 1990 before St Andrew Goldfields’ (TSE) Stock Twp. project situated on the famous Porcupine-Destor Fault zone structure, near Timmins, Ont., approaches anything close to full speed…