Placer Dome options massive sulphide bet
Major mining company Placer Dome Inc. (TSE) has optioned a polymetallic massive sulphide prospect adjacent to tidewater near Juneau, Alaska. The Dream project is located within the same rock package a…
News
Radisson arranging mine financing
A credit facility worth up to $6 million has been negotiated by Radisson Mining Resources (ME) to bring the Duquesne gold project, 32 miles north of Rouyn- Noranda, Que., into production. The credit f…
Rio averts strike at tin mine
Mine workers at Rio Algom’s tin mine in Nova Scotia have voted 90% in favor of accepting a 2-year contract. The agreement, the first between mine management and the United Autoworkers of America, give…
Placer Dome signs deal with Golden Crescent
Golden Crescent Resources (ASE) and Placer Dome (TSE) have completed a deal that gives Golden Crescent the right to earn a 49% interest in 26 of Placer Dome’s properties in Ontario. Golden Crescent ca…
Nickel plate costs dog Corona Corp.
The Nickel Plate gold mine in British Columbia continues to give Corona Corp. problems. Low ore grades at the mine have necessitated higher waste rock removal and consequently mining costs have been h…
Total Energold ups stake in Yukon zinc-silver bet
Vancouver- based Total Energold Corp. (TSE) has increased its stake in the Logan zinc-silver project to 60% by acquiring an additional 10% interest under the terms of a joint venture agreement with Fa…
Gold funds as of June 6
MPV BGR Central Capital Net value 11.25 % $ 6.01% $0.57 Price $ 9.625% $ 5.38% $0.41 Discount $ 15.94% 10.6% 28% Value …
Alberta Stock Exchange Marshall moves on bid
A 10 cents increase in the value of Marshall Minerals shares indicates that a second bidder has entered into negotiations to take ore from Marshall’s Restigouche base metal property in New Brunswick. …
Letters to the Editor Only neophytes squak about the VSE
I am very dismayed at the amount of mud being slung at the Vancouver Stock Exchange, not only by Diane Francis and other erstwhile Canadians, but now also by Forbes and Barrons in the U.S. Let it neve…
High grade at High River
Drilling by Inco Gold, a wholly- owned affilate of Inco Ltd. (TSE) has yielded one of the best intersections from the former producing Nor-Acme gold mine in Manitoba. Drilled from the 2650-level of th…
Toronto Stock Exchange Gold sector heated up by bullion rally
A $13 surge in the price of gold did wonders for the beleaguered gold and silver index which advanced by more than 320 pts — or about 6%. Turmoil in China and the death of Iran’s Ayatollah were two o…
Metal Prices PRODUCER PRICES (June 12, 1989)
ALUMINUM: MW U.S. Market US93.00 cents – 97.00 cents per lb. (June 1, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.20-$6.35(US) per lb (Ju…