Mining needs to attract capital
This is a market like no other. Mining has seldom been in such a favorable position, yet mining stocks just can’t capture the attention of investors. Commodity prices for everything but gold and silve…
News
Northgate buys shares of Hydra Exploration
Northgate Exploration (TSE) has purchased 500,000 shares of Hydra Explorations (TSE) in a private placement. The transaction gives Northgate a 12.3% interest in the company. Hydra holds a royalty inte…
New OSC chairman Robert Wright, has mining background
The new chairman of the Ontario Securities Commission is 0000,0506 Robert Wright, a director and vice- president of Teck Corp. Wright will join the commission July 1 and take over from outgoing chairm…
Drillers’ association helping industry since inaugural meeting in
While the Canadian Diamond Drilling Association (CDDA) has been in existence for more than half a century, diamond drilling has been an on-going concern for more than 125 years. The first machine was …
Canadian Giant plans Newfoundland drilling
Canadian Giant Exploration (VSE) is raising $900,000 to fund a drilling program on several claim groups in the Betts Cove area of Newfoundland this summer. The company, together with joint venture p…
FMC first in North America in return on investment
Ranked first among major North American gold producers in return on investment, FMC Gold Company also had one of the lowest cash costs of any gold company in the world last year. Addressing the compan…
Bradley opens 2 new production facilities
Bradley Manufacturing recently opened two new production facilities: a 30,000-sq-ft plant in Rouyn- Noranda, Que., and a 18,000-sq-ft building in Timmins, Ont. Total investment in the new facilities c…
Metal Prices PRODUCER PRICES (May 22, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.025 per lb. (May 11, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11,…
McMaster geologists to study earth’s crust
Geologists from McMaster University in Hamilton have been awarded a $112,000 grant to study the earth’s crust near Kapuskasing, Ont. The research team, led by Professor Dennis Shaw, will explore the u…
`89 building start possible Musselwhite could cost $100m
The Musselwhite brothers’ dream of seeing a gold mine developed at Opapimiskan Lake in northwestern Ontario could become a reality later this year when Placer Dome Inc. (TSE) announces the results of …
Pine Point acquisition sparks clash at meeting
Despite record earnings and a heady performance on The Toronto Stock Exchange last year, Pine Point Mines was berated at its annual meeting for not obtaining minority shareholder approval for a major …
Campbell sees first profit in almost six years
For the first time in almost six years Campbell Resources (TSE) made a profit. That was the surprising news at Campbell’s recent annual meeting in Toronto where first-quarter net income of $660,000 or…