MinVen closing Blackdome mine
Mining operations at the Blackdome gold-silver mine west of Clinton, B.C., will be terminated during the fourth quarter, MinVen Gold (TSE) reports. The mine, which entered production in April, 1986, h…
News
Noranda employees accept Geco offer
Employees at Noranda Minerals’ Geco division at Manitouwadge, Ont., recently voted 79% in favor of ratifying a new 2-year labor contract. Under the terms of the agreement, wages paid out by the Norand…
Hecla seizes majority position in Acadia
Through a recent share transaction, U.S.-based Hecla Mining (NYSE) has gained a majority interest in Acadia Mineral Ventures (TSE). Hecla now holds 52.5% of Acadia’s common stock and its chairman, Art…
Drilling on Bema’s Chile bet drive issue up to $4.40 high
Shares of Bema Gold (TSE) reached a new high recently after results from the company’s optioned Refugio gold property in Chile showed that reserves in the Verde deposit may be considerably larger than…
Prime, partners ready to test GNC showing
A drill rig is set to begin testing of the Tip Top showing at the GNC property in northwestern British Columbia, Prime Resources Group (VSE) reports. The GNC property, which lies adjacent to and, for …
Soviets seek council seat
The Soviet Union is reported to have applied to join the World Gold Council, a lobbying and promotional group whose membership includes more than 90 non- communist mining companies. The application wa…
Cominco earnings dive in first half
Earnings for Cominco (TSE) in the first half of 1990 plunged to $40.3 million from the $141.3 million reported for the first half of the previous year. The drop in earnings was attributed to reduced v…
IOCC GOLD OPTIONS (August 20, 1990)
Options Open Series Volume Last Interest Aug. 390 C 1,970 23.50 1,600 Aug. 400 C 1,975 7.50 2,004 Aug. 410 C 1,025 6.00 774 Aug. 420 C 1,708 4.00 1,064 Aug. 430 C 2,086 1.00 1,168 Nov. 400 C 1,076 25….
COATS (over the counter) July value down 72%
Looking at the monthly statistics for the over-the-counter exchange, it is painfully clear that junior mining stocks have taken a beating over the past year. While volumes have remained relatively ste…
Flag Resources in deal with Golden Briar
In a private placement, Calgary- based Golden Briar Mines (ME) has issued one million shares from treasury to Flag Resources (ASE) as payment for $150,000 owed to Flag by Golden Briar. Golden Briar Pr…
Gigi and Goldbelt start drilling
Drilling has started on the Trophy Gold Project owned by Goldbelt Mines (VSE). The property is in the Galore Creek area, 100 miles northwest of Stewart, B.C., and is under option to Gigi Resources (VS…
Star drilling a disappointment
The first phase of drilling on the Star property in southeastern British Columbia has been completed. Barkhor Resources (VSE) is earning a 50% interest in the property from Kokanee Resources (VSE) in …