Greenstone drilling Gold Creek property
A diamond drilling program is scheduled to start this month on the Gold Creek property owned by Greenstone Resources (TSE) and Dragoon Resources (VSE) in British Columbia. The 38,585-acre property is …
1990
Shareholders get top dollar as Falconbridge sale unfolds
It was no secret that Alf Powis and Noranda Inc. (TSE) wanted Falconbridge Ltd. Noranda had been foiled once before in a takeover bid for the free world’s second largest nickel producer and its lucrat…
Vancouver Stock Exchange Index gains ground in quiet trading
As each year comes to a close, economists and analysts bring out the crystal ball and make projections on what is in store for the future. Although the threat of recession and unrelenting high interes…
Gold slump hurts Yukon, base metals activity up
A swing back to base metals and a renewed interest in copper highlighted the past year’s mineral exploration season despite a significant downturn, a federal geologist told the annual Geoscience Forum…
Hecla, Mispec deal
Hecla Mining has acquired an option on the Cape Spencer, N.B., gold property owned by Mispec Resources (ME). Under the terms of their agreement, Hecla has the right to earn a 51% interest in the claim…
Montreal Exchange Wrightbar advances
The Christmas holiday may have shortened the trading week to three days, but the news was mostly cheery. The metals and minerals index closed up 18.6 points, while the general market portfolio index m…
Gold funds as of Dec 27
MVP BGR Central Capital Net value $12.39 $6.43 $0.50 Price $10.875 $6.50 $0.35 Discount 12.23% 1.1% 30% Value $73,775,115 $109,357,95…
Keevil to speak at Hall of Fame’s induction banquet
Keynote speaker at the upcoming second annual induction banquet and ceremony of the Canadian Mining Hall of Fame will be Norman Keevil Jr., president and chief executive officer of Teck Corp. and cha…
News in Brief (January 01, 1990)
Pegasus Gold (TSE) has declared a 10 cents (US) dividend on its common shares payable Jan 5 to shareholders of record Dec 22.
New B.C. mining tax laws take effect
New streamlined and updated mining tax laws for British Columbia mines will take effect in January, 1990, Mines Minister Jack Davis recently announced. “This simplifies administration, encourages inve…
Hard times for Hardrock during funding search
Toronto-based junior Hardrock Extension (TSE) says it is “exploring all avenues” to raise funds for exploration work on its gold property near Geraldton, Ont. An underground exploration program was pl…
Editorial Mopre on the ruble
From The Gold Monitor , published by M. Murenbeeld & Associates of Victoria, B.C. But even if the ruble was backed by gold, would we in the West hold it? I doubt it. Not only is history full of cent…