Editor’s Note A WELL-KEPT SECRET
People who trumpet their achievements loudly and long tend to get a might tedious after a while. Industries commit the same petty crime sometimes. In mining, fortunately, we have modest, self-effacing…
1989
Tarzan completes phase I drilling on Joburke property
The first phase of diamond drilling has been completed on the Joburke gold property held by Tarzan Gold (ASE) under option from Noranda Inc. (TSE). Located near Timmins, Ont., the Joburke was a former…
1988 was a year filled with achievement for Cassiar Mining
It’s been a year of considerable achievement for Jim O’Rourke and Cassiar Mining (TSE) whose diversification out of asbestos into copper couldn’t have been timed better. The company finalized the purc…
Investment Comment Unpopular bond a buy?
Investors hunting for bargains among the lesser known gold mining companies might find Bond International Gold (TSE) an intriguing situation. This company is part of Australian businessman Alan Bond’s…
Pacific Trans-Ocean officials in post-Ketza limbo
Pacific Trans-Ocean Resources (ASE) President Frank Agar and a number of the company’s leading executives face an uncertain future following a recent bid by Belmoral Mines (TSE) of Toronto for the tro…
USMX has net loss for 3 months
USMX Inc. (NASDAQ) of Lakewood, Colo., reports a net loss for the 3-month period ended Sept 30 of $252,000(US) or 2 per share on revenue of $1.81 million. For the same period a year earlier the compa…
Editorial In perspective
For those environmentalists who think mining is nothing more than a blight on the land doing untold damage, consider these numbers provided by the government of Ontario, the country’s most active mine…
Alberta Stock Exchange (January 02, 1989)
In a week when investors were still enjoying the Christmas vacation, volumes were seasonally light and only a handful of issues made any real progress. As losses far outweighed the number of gains dur…
Noranda to buy Norcen shares
Noranda Inc. (TSE) said it has filed with the Toronto Stock Exchange and the Montreal Exchange a notice of intention to make normal course purchases of up to 3,122,490 subordinate voting shares (10%) …
Metal Prices FREE MARKET (January 02, 1989)
London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Dec 27 Dec 26 Dec 23 Dec 22 Dec 21 Copper N/A N/A 1…
Octan completes Terra mine deal (January 02, 1989)
Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…
BREAKING NEW GROUND
Mining came into the 1980s fat with debt. Now, according to all indications, the industry is closing out the decade lean (in terms of debt-to-equity ratios) and tough (ready to take on the competition…