B.C. mining industry revenues reach record high
Higher base metal prices, increased sales volumes and continued productivity improvements contributed to a substantial increase in gross revenues and profits for the British Columbia mining industry i…
News
Montreal Exchange Legal complications
Market action heated up this summer following news of the discovery of a massive sulphide copper-zinc discovery by Aur Resources and Societe Miniere Louvem near Val d’Or, Que. Now the scene has shifte…
Production delays at Namew Lake mine
Delays in reaching full production at the Namew Lake nickel mine in northern Manitoba will result in lower than expected nickel output from the mine this year. The Namew Lake mine is 60%- owned by Hud…
Moneta reports results from Michaud project
Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) recently released interim assay results from the Michaud Twp. gold project 65 miles east of Timmins, Ont. A summer drill program on the property em…
Galactic turns tide on losses
With the Ridgeway mine in South Carolina continuing to exceed expectations, Galactic Resources (TSE) is reporting record gold production and record income from operation for its 1989 first half. Gold …
U.S. gold output in 1989 to rise to 7.4 million oz
Primary, non-placer gold production in the United States in 1989 will total an estimated 7.4 million oz, up 1.7 million oz from 1988, research company Metals Economics Group of Halifax, N.S., reports….
FINANCING (August 28, 1989)
ONTARIO Canamax Res — final rec iss offer 850,000 @ $1.50 per sh to net $1,275,000 Firesand Res — final rec iss offer 2,400,000 @ 40 cents per sh to net $600,000 VANCOUVER Ravenroc — 1,500,000 off…
Supply-demand balance for base metals expected to continue
It has been a quiet summer of trading, as expected, on the metals markets, with trading volumes off compared with earlier in the year and price movements relatively small. Adding some spice to the sum…
Books in Review (August 28, 1989)
This is the first book to situate the Canadian mineral trade and Canada’s changing status as a resource exporter and importer within the context of the ongoing debate over strategic minerals. As such,…
INSIDER TRADES (August 28, 1989)
Agnico-Eagle — Mentor Expl (amended, Feb.) holds 2,194,012. Altex — Pan West Res. sold 10,400 (July) @ $3.10 to hold 229,357. Atlantic Goldfields — Kash Inv. bought 692,300 (July, private) @ 57 cen…
Black Swan ends first drill phase at Tas bet
Vancouver-based Black Swan Gold Mines (VSE) has completed phase one of an exploration program designed to test for continuity of gold/copper mineralization in four high grade sulphide zones at the Tas…
Nevada mineral reports
The Nevada Bureau of Mines and Geology is issuing a new series of reports on the mineral and energy resources of the state. The reports contain 1:100,000-scale topographic maps containing information …