Deak Resources joining metal producer ranks
Spearheaded by mining executive Malcolm Slack, Deak Resources (TSE) has been organizing and assembling gold and base metal properties in the Rouyn-Noranda, Que., and Virginiatown, Ont., areas with the…
News
Gibraltar earnings highest since 1980
Earnings for Vancouver-based Gibraltar Mines (TSE) were the company’s best in nine years. Nine-month results for the period ended Sept 30 reached $19 million, or $1.58 per share, compared with net ear…
World potash market on recovery curve
Consumption of potash will continue to increase at about 2% per year until at least the end of the century, Roskill of London predicts. The research company says world production of potash in 1988 hit…
Dominion seeks work sharing to avoid layoffs at N.B. mine
A decline in world antimony prices has forced Dominion Explorers (TSE) to seek federal government support for a work-sharing program at its New Brunswick antimony mine. Dominion said a 12% reduction i…
Cheni bottom line improves
New producer Cheni Gold Mines (TSE) reported earnings of $1.76 million or 16 cents per common share after an extraordinary item for its third quarter ended Sept 30. Cumulative earnings for the seven …
Metal Prices (November 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 7 Nov 6 Nov 3 Nov 2 Nov 1 Copper 1662-16…
Betts Cove results encourage Bitech in Newfoundland
Preliminary assay results from recent drilling on Bitech Corp.’s (ASE) Betts Cove property in northern Newfoundland have encouraged the company. The property is about two kilometres south of Bitech’s …
Atlas Copco awards $2,500 scholarship
In 1982, Atlas Copco Canada established at Haileybury School of Mines an annual scholarship of $500 for a student in the school’s mine maintenance program. In 1989, the value of this scholarship was i…
FirstMiss quarterly profits slip
First-quarter earnings for FirstMiss Gold Inc. (NASDAQ) fell to $621,000(US) or 3 cents per share for the period ended Sept 30, compared with earnings of $771,000 for the same period in 1988. The com…
Total Energold options Tarzan-Glen Auden claims
Vancouver-based Total Energold (TSE) has increased its interest in the Casa Berardi gold belt by optioning a parcel of claims from junior companies Glen Auden Resources (TSE) and Tarzan Gold (ASE). A …
Vancouver Stock Exchange Bullion rally has little impact
The recent strong surge in gold prices was welcome news for brokers and investors though the upswing had little immediate impact on trading activity on the Vancouver Stock Exchange. Institutional buye…
Metal snips (November 13, 1989)
Major world silver producer Peru is on a stockpiling binge. The country’s Central Reserve Bank is reported to be buying production from domestic mines a t a 5% price premium. The stockpiling of silver…