Inco considers sale
At the request of the Indonesian government, Inco Ltd. (TSE) will consider a public offering to sell 20% of P.T. International Nickel Indonesia, owned ** by Inco. ** The of…
News
Northfield, Rockford plan $4-m Larder Lake program
Northfield Minerals (ASE) and its 37% owned affiliate Rockford Minerals (TSE) are preparing to take another look at their Larder Lake, Ont., gold project now that they are about to become the property…
Cold slows Giant’s tailings project
The Yellowknife, N.W.T., tailings treatment project of Giant Yellowknife Mines (TSE) “operated at breakeven” in 1989, its second year of production, the company reports. Incorrect reference was made (…
Green light for Oracle Ridge
The Oracle Ridge copper-silver project near Tucson, Ariz., is slated to become the first producer for Vancouver- based South Atlantic Ventures (VSE). Before making its positive production decision, th…
Vancouver Market Exchange Calpine stumbles, Prime holds steady
The recent pullback in gold prices to just above $400 has not helped the Vancouver market index, shedding 25 points over the week to the 695 level at noon today, Dec 6. Market sentiment seems to see t…
Backing the ruble with gold
The spirit of glasnost and perestroika transforming the political landscape of the USSR and Eastern Europe is already creating some fascinating opportunities for Canadian mining companies. The Sovie…
Metal Prices (December 11, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Dec 5 Dec 4 Dec 1 Nov 30 Nov 29 Copper 1517-1519 1…
Letters to the Editor Westfield shareholders seek OSC review
We write to express, in some small degree, our collective anger, frustration and dismay at the appalling manner in which the mining assets of Westfield were recently appropriated by Northgate in a dea…
Giant slashes production costs
Third-quarter results of Giant Yellowknife Mines (TSE) indicate the gold producer is back on track after a period of fairly high production costs. Coincidentally, the company has been put up for sale …
FINANCING (December 11, 1989)
VANCOUVER Vista Res Co — 700,000 offered @ 35 cents per sh. Desert Gold — 600,000 offered @ 45 cents per sh. Mercantile Gold — opt exerc on 122,400 @ 55 cents per sh. Foresthill Res — 500,000 o…
BMR Gold drilling California property
A second-phase drilling program has been started by BMR Gold (ASE) to further delineate gold zones on its America Mine property held jointly with Fisher-Watt Gold in California. The 2,000-acre propert…
Placer Dome eyes gold project in Tanzania
An advanced gold project in northern Tanzania, East Africa, has caught the eye of Placer Dome (Kahama), a wholly owned subsidiary of Placer Dome (TSE). The Placer Dome subsidiary recently signed an ag…