Northgate tries to lose `banker label’
After a year-long shopping spree for acquisitions, Northgate Exploration (TSE) has emerged looking more like a complex holding company than the exploration firm its name suggests. In its quest to acqu…
News
COATS Quiet mood
A quiet trading mood prevailed on COATS this week. Volume improved modestly for South American Goldfields with trading in the 67 cents -76 cents range, up a nickel from last week. This company is cur…
Toronto Stock Exchange Mixed economic signals keep investors at bay
Confusion as to the direction of the economy has gripped traders — the majority choosing a wait-and- see attitude with respect to the market. The result was another day of quiet, dull trading as the …
Metal Prices (May 15, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 9 May 8 May 5 May 4 May 3 Copper 1699-170…
Industrial minerals important to Hecla
Mining companies are often reluctant to diversify into industrial minerals because it’s a market they don’t understand. “Better the devil you know than the devil you don’t,” they point out — probably…
Brican, Bow Valley earn into property
Two Canadian companies, Brican Resources (VSE) and Bow Valley Industries (TSE) have earned a 50% interest in a large epithermal gold play in Nevada’s Battle Mountain district. Santa Fe Pacific Mining,…
Cambior earnings (May 15, 1989)
Net earnings for the first quarter increased by 32%, to $4.8 million (20 cents per share) from $3.6 million (15 cents per share) the year before, Cambior Inc. (TSE) reports. Revenue for the quarter …
Ontario’s mines yield $7 billion
Last year’s record-high nickel prices helped Ontario maintain its position as Canada’s premier producer of non-fuel minerals with production twice the value of any other province last year. Ontario is…
Monte Carlo Gold Mines — a new beginning
In late 1988, Robert Salna and several associates purchased the controlling interest in Monte Carlo Gold Mines Ltd. Since that time, changes in the management team of Monte Carlo have facilitated a ne…
Fairbanks sees bulk tonnage potential in Alaskan gold bet
An over-subscribed initial public offering that raised $5.7 million has Fairbanks Gold (VSE) set to begin a major work program on an Alaskan property where it had previously outlined a significant, ne…
Metrologist seeking assistance for book on precious metal ores
Author Jan Merks is seeking help from mining companies for a new book on the science of metrology — the study of weights and measures. He is looking for information, which will be kept confidential, …
High Frontier drills low gold values
Low gold values have been assayed in drill core returned from a program on the Conglomerate Lake project operated by High Frontier Resources (VSE). The northwestern Ontario property covers two gold sh…