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…
News
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…
COATS (over-the-counter) McNickel active
Sagging investor interest left most mining shares adrift on a directionless COATS market this week. With diamond drilling expected soon, the shares of McNickel Inc. remain active, however. The company…
FINANCING (May 22, 1989)
VANCOUVER Brooklyn Res Inc — gross proceeds rec $250,000. Fair Harbour Mng — gross proceeds rec $280,000. Athabaska Gold Res — opt exerc on 250,000 @ 52 cents per sh. Glider Devel Inc — 600,000 s…
Continental drilling program develops leading technology
In the Canadian mining industry, diamond drill holes more than 1,000 ft are considered deep, but compared to holes being drilled for scientific information elsewhere in the world, that’s barely scratc…
Problems at Nickel Plate continue for Corona Corp.
While the Nickel Plate gold mine in British Columbia continues to cause problems, the on-going message of Corona Corp. (TSE) for the entire company is one of good growth potential in low-cost precious…