Teck earnings rise
Net earnings for Teck Corp. (TSE) rose to $25.4 million or 31 cents per share in the first quarter of 1989 from $14.5 million or 18 cents in the same period last year. Revenues rose to $78 million fr…
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FINANCING (May 15, 1989)
VANCOUVER Fairbanks Gold — gross proceeds rec $5,700,000. Benz Gold Res — opt exerc on 47,500 @ 55 cents per sh. Stow Res — opt exerc on 150,000 @ 45 cents per sh. Fair Harbour Mining — min 800,…
Renabie pours millionth ounce of gold
The Renabie mine in northeastern Ontario recently poured its one millionth ounce of gold, more than 40 years after the property was placed into production. The mine, operated by Renabie Gold Mines whi…
Placer Dome pays $18 million for 60% interest in Paymaster project
American Reserve sells 60% of Timmins project Vancouver-based American Reserve Mining Corp. (VSE) has sold a 60% interest in its Paymaster gold property at Timmins, Ont., to Placer Dome Inc. (TSE) for…
Obituary Mason C.F. Kossatz (May 15, 1989)
Mason C. F. (Eric) Kossatz, vice- president of Inco Gold, died in Toronto on April 14. He was 62. Kossatz joined Inco as a contract engineer in 1953 after graduating from the University of Toronto in …
Ego to drill NWT zinc-silver bet
Exploration is scheduled to begin in June on a zinc-lead-silver property in the Northwest Territories recently optioned by Ego Resources (TSE). Ego has an option to earn a 100% interest in Initiative …
Higher grades needed on Gamsan’s Brabant Lake bet
A recent study of Gamsan Resources’ (ASE) Brabant Lake polymetallic deposit in northern Saskatchewan concluded that current reserves are inadequate to justify development of a mine. The study was done…
Win-Eldrich makes production plans for Ashdown bet
Fill-in drilling, surface trenching, column-leach tests and a heap leach feasibility study have been completed by Win-Eldrich Mines (TSE) at its Ashdown property in Humboldt Cty., Nev. The company say…
Editorial Keeping MEND on the move
When a good idea comes to light at the right time, it’s amazing how much cooperation can be mobilized to turn that idea from concept to reality. Support for the Mine Environment Neutral Drainage (MEND…
Meeting uranium mining’s `challenge of the decade’
Up here, only scruffy pines and wolves bear witness to the uranium mining challenge of the decade. But despite its isolation 670 km north of Saskatoon, this project, operated by Cigar Lake Mining Corp…
Alberta Stock Exchange Guinness plummets
As a result of confusion regarding the future direction of interest rates, volumes were generally low on the Alberta Exchange this week. However, the lack of trading activity didn’t preclude a sudden …
Dickenson acquires more Wharf shares (May 15, 1989)
Dickenson Mines (TSE) has increased its holdings in Wharf Resources (TSE) to 38.9% through the purchase of another 396,500 shares of the latter. Wharf operates a heap leach gold mine in South Dakota. …