Hedging helps Barrick’s earnings
American Barrick Resources (TSE) continues to reap the rewards of a lucrative hedging program that has sheltered the Toronto gold producer from softer precious metal prices. While the price of gold av…
News
Toronto Stock Exchange Metalsl index plummets as commodity prices
Investors determined to stay in the market were taken on a roller- coaster ride for yet another week following the Friday the 13th mini- crash. The markets were hit by another round of after-shocks, t…
Geoscience forum set for Whitehorse
The 17th annual Yukon geoscience forum will be held in Whitehorse at the Westmark Whitehorse Hotel and the Yukon Theatre Nov 26-29, followed by a seminar on cyanide and heap leaching. Technical papers…
Ontario government tables proposed Mining Act update
Long-awaited amendments to Ontario’s antiquated Mining Act were tabled in the provincial legislature this week by Mines Minister Hugh O’Neil. The bill to amend Ontario’s 83-year-old Mining Act follows…
Letters to the Editor Figures indicate profit at Magino
I am calling your attention to inconsistencies between the story on the Magino mine (N.M., Oct 23/89) and a reference to the same mine in another story in the same issue. The paragraph on page seven (…
People (October 30, 1989)
COEUR d’ALENE MINES — Michael C. Tippet appointed exploration manager.
CORRECTION (October 30, 1989)
Underwriter Brault, Guy, O’Brien is the agent for a $6-million offering by Exploration Orex, not McNeil, Mantha as reported in N.M. Oct 23/89.
Pan East to earn 51% stake in Baker Lake uranium bet
Calgary-based Pan East Resources (ASE) recently optioned what it regards as a promising Northwest Territories uranium property from Falconbridge Ltd. (TSE) and Kerr Addison Mines (TSE). Situated 260 k…
New backer raises hopes for revival of Caribou zinc mine
A series of meetings involving officials from East West Caribou Mining and its new financial backers are expected to lead to a resumption of mining operations at the Caribou lead zinc mine in New Brun…
Guinness to start drills as Acadia deal completed
Having completed the purchase of a 60% stake in Guinness Gold Resources (ASE) from Acadia Mineral Ventures (TSE), a management team led by William Burton has approved a drilling program at a base meta…
Quebec investors in flow through get new break
Investors in flow-through shares in Quebec have been given a new break by the provincial government. Beginning this year, investors will not have to include flow-through tax benefits in the calculatio…
Goldcorp boosts stake in Wharf
Recently increasing its interest (direct and indirect) in Wharf Resources (TSE) to 43.4% was Goldcorp Investments, a Toronto- based gold fund company. Goldcorp reports purchasing 358,200 shares of Wha…