Analyst bullish on base metals
When we entered the current recession seems not to be an issue, but when we started to come out of it is, writes metals analyst Ray Goldie of securities firm Richardson Greenshields: In March 1990, th…
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Technological improvements bolster Campbell mine
In an age when precious metal producers are struggling with the bottom line, the Campbell mine of Placer Dome (TSE), in the heart of the Red Lake gold camp, is ploughing through tough times with an en…
Private funding for Kenora prospect
A private company from Alberta has agreed to raise the financing required to begin advanced exploration on Kenora Prospectors and Miners’ (CDN) gold prospect in northwestern Ontario. In return for an …
Diamond fever at Kirkland Lake
Some of the limelight focused on the Lac de Gras diamond play is finding its way back to Kirkland Lake, Ont., home of the first kimberlite discovery in Canada. Since that initial find in 1968, at leas…
Verdstone options Victorine mine
In return for a US$5,000 option payment, Verdstone Resources (VSE) recently acquired the right to lease the Victorine mine about 50 miles north of Round Mountain in central Nevada. The option is exerc…
Quail drilling intersects values
The first two holes in this year’s drilling program on the Golden Quail property in San Bernardino Cty., Calif., returned gold values for joint venture partners Golden Quail Resources (VSE) and Golden…
Newfoundland’s mines minister buoyant about minerals sector (June 08, 1992)
Three years ago, Rex Gibbons typed a short resignation letter and walked out the door of the Newfoundland Department of Mines where he had worked as a senior geologist for 13 years. One month later he…
Asarco poised for metal price upswing
Commenting on the 1991 performance of Asarco (NYSE) at a recent meeting of the Toronto Society of Financial Analysts (TSFA), Chairman Richard de J. Osborne said it was “not a great earnings year.” Asa…
Franklin awarded top medal twice at GAC-MAC meeting
(Staff) — The Duncan R. Derry Medal — the highest award that can be bestowed on a geoscientist in Canada — was given here twice recently to Jim Franklin of the Geological Survey of Canada (GSC). Th…
Inland Gold and Pegasus terminate proposed merger
Due to a lack of shareholder response, Inland Gold and Silver (NASDAQ) and Pegasus Gold (TSE) will not proceed with a previously proposed merger. Pegasus offered Inland shareholders the equivalent of …
Valdez reports loss for 1991
A net loss of $6.5 million was reported for 1991 by Valdez Gold (ASE), which has a 25% interest in the Valdez Creek gold placer mining project in Alaska. For the first quarter of 1992, the company rec…
Blending of reserves boosts value of McCreedy East mine
Canadian ore reserves quoted by Inco (TSE) for the year ending 1991 are 401 million short tons grading 1.44% nickel and 0.85% copper. Not high grade by any measure. Technical and organizational improv…