Placer, Tundra option
Placer Dome Inc. (TSE) has acquired an option on the McKenzie Break gold property held by Tundra Gold Mines (VSE). The 406-claim property is in Fieldmont and Courville twps., about 15 miles northeast …
News
COATS Trading Features (March 20, 1989)
An active trader and volume leader again this week was Hanson Mineral Exploration which is planning to amalgamate with Perch River Mines, a private company controlled by J. McAdam and J.T. Flanagan. T…
Outside consultant to oversee Spirit Lake exploration work
An independent geological consultant has been retained by Spirit Lake Explorations (ME) to supervise all exploration activity at the company’s Jacobson Tw , gold property in northern Ontario. In addit…
Stan West mine closed
Operations at the problem- plagued McCabe gold mine have been temporarily suspended by Stan West Mining. Operating losses of $750,000(US) in January and February forced the mine’s closure, chairman Fr…
Malartic Hygrade, crown battle for control of Gold Texas
In a bid to acquire a minimum 50.1% stake in Gold Texas Resources (VSE), Quebec gold producer Malartic Hygrade Gold Mines (VSE) has raised its cash offer from $5.75 to $6 per share. Malartic currently…
OSC considers complaints of trading violations against Inco, Teck
Enforcement officials at the Ontario Securities Commission are reviewing complaints relating to insider purchases of Golden Knight Resources shares. In late February the OSC received a letter from a b…
Rea Gold completes due diligence on Bissett mine
The Bissett gold project in Manitoba owned by Cassiar Mining (TSE) will have higher capital and operating costs than indicated by a 1987 feasibility study. Rea Gold Mines (TSE), which will purchase th…
Spot prices at a glance (March 20, 1989)
Price Week’s ($US) Change($) Gold* 394.45 + 1.35 Silver* 6.13 + 0.23 Platinum* 543.75 + 4.90 Nickel** 7.76 — 0.59 Lead** 0.27 Copper– 1.50 — …
Jolu mine meeting design parameters
Operations at Saskatchewan’s newest gold mine are meeting design parameters, partners International Mahogany Cor , (TSE) and Corona Cor , (TSE) say. The Jolu mine, which entered production in November…
FirstMiss oxide circuit produces 5,400 oz gold
The oxide circuit at FirstMiss Gold Inc.’s (NASDAQ) Getchell property in north-central Nevada generated 5,400 oz of gold during February. The mill is in phase one of a 2-stage start-up program the sec…
Campbell looks to Joe Mann for financial turnaround
Even though high production costs will probably force Campbell Resources (TSE) to shut down its S-3 mine in Chibougamau, Que., the Toronto company is hoping that its financial position will improve th…
Earnings Reports (March 20, 1989)
Campbell Resources (TSE) reports a consolidated loss for 1988 of $60.9 million or $1.13 per share before extraordinary items on revenue of $4.7 million compared to a loss of $46,000 before extraordina…