Kerr ups Minnova stake
Kerr Addison Mines (TSE) has been given the go ahead by regulatory authorities to purchase an additional 400,000 shares of Minnova (TSE). The purchase will maintain Kerr’s interest in Minnova above 50…
News
Homestake aiming for one million oz gold production in early 1990s
Aiming for a production level of one million ounces in the early 1990s, Homestake Mining (NYSE) boosted gold output to 781,458 oz in 1988, a 15% increase from the previous year. According to Harry Con…
Lac St. Jean area claims optioned
Two properties near Lac St. Jean, Que., have been optioned to related companies Golden Dragon Resources (VSE), Tarzan Gold (ASE), Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). All but Glen…
Blackdome costs rise to $244 per oz
Production costs at Blackdome Mining Corp.’s (TSE) gold project near Clinton, B.C., were significantly higher in 1988 even though the mill operated 20% above design capacity. Addressing the company’…
Letters to the Editor Newhawk, Granduc pleased with results
I am writing to express my disappointment on behalf of Newhawk and our partners, Granduc Mines Ltd., regarding comments made in your stock market column of April 10, 1989. In the article you commented…
Radisson to buy Duquesne
Radisson Mining Resources (ME) has purchased 1.4 million shares of Duquesne Gold Mines, a private company. Duquesne holds a 75% interest in the Duquesne gold property in Quebec. Radisson must pay $4.2…
LynnGold’s MacLellan mine struggling along
Struggling against falling bullion prices, LynnGold Resources’ (TSE) MacLellan mine near Lynn Lake, Man., produced 13,460 oz of gold at a cost of $443 per oz during the first quarter of this year. Tho…
Oneida hits
Drilling by Oneida Resources (VSE) on the company’s Mexican Hat gold property has returned an exceptional hole of 285 ft grading 0.203 oz gold per ton. The assay cut to one oz was 0.096 oz gold per to…
Asarco earns $68.6 million (US) in first quarter
A partnership is being formed by Montana Resources and Asarco Inc. to own the former’s Montana copper-mining business. Asarco will purchase a 49.9% interest in the partnership, with Montana Resource…
Barrick could be bidder in future Newmont auction
Nothing if not ambitious, American Barrick Resources (TSE) is closely monitoring a takeover battle involving two of the world’s largest gold producers. If, as seems likely, Minerals and Resources Corp…
Gold recovery tests continue on tailings of Manitou mill
Testing continues in an attempt to resolve differences in the findings of two research facilities working with material from the Manitou mill tailings near Val d’Or, Que. Operator of the project is a …
Montreal Exchange St. Genevieve popular
Back trading again on the ME after more than a 2-month absence are Louvem Mines and its controlling shareholder St. Genevieve Resources. Investors keyed on the latter company in particular, trading 60…