1989 rebuilding year for Pioneer
A key item on the 1989 agenda for Pioneer Metals Corp. (TSE) will be rebuilding financial strength, President Robert Willis told shareholders at the recent annual meeting. The company’s financial diff…
News
Spot prices at a glance (May 22, 1989)
Price Week’s ($US) Change($) Gold* 373.70 — 4.40 Silver* 5.50 — 0.17 Platinum* 522.90 –11.00 Nickel** 6.24 — 0.16 Lead** 0.29 + 0.01 Cop…
Inca considering production at Rich Gulch
After spending a further $560,000 at the Rich Gulch project last year, Inca Resources (TSE) is looking closely at this California gold project as a possible producer. Inca is 20.5% owned by ABM Gold C…
Montana Resources gets $100 million from Asarco
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 Resources …
Minnova drops lawsuit against Pacific Minesearch
Legal action initiated by Minnova Inc. (TSE) against Pacific Minesearch (VSE) was dropped as the two companies worked out a mutually accept able joint venture agreement on the Victory project near Bar…
Teck celebrates anniversary with record earnings for 1988
Marking its 75th anniversary with record earnings of $105 million, it’s not surprising there weren’t many shareholder questions at Teck Corp.’s (TSE) annual meeting. But that’s the price a company has…
Panorama begins feasibility study
Encouraged by the results of a recently completed pre-feasibility study, Panorama Resources (VSE) has commissioned a full feasibility study for the Platoro gold-silver project in southern Colorado. Th…
Vancouver Stock Exchange VSE officials riled by `bad press’
A scathing blanket condemnation of the Vancouver Stock Exchange by two respected American business publications has raised the ire of listed company officials, the local investment community, and even…
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…
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 …