Editorial Getting the most from COATS
A dynamic over-the-counter stock exchange could have a significant role to play in the Canadian securities industry as an efficient but inexpensive marketplace for stock-issuing companies. Not only co…
News
Placer miners profitable despite unique problems
When he makes one of his rare trips from the Yukon’s Klondike gold district to Toronto, placer gold mining expert Paul White doesn’t ride into town on the back of a burro. Like most of the other compa…
Golden Group’s Estrades project nudging closer to production
This year’s exploration and development program at the Estrades polymetallic deposit will include metallurgical testing, road construction and engineering studies leading to final feasibility, partner…
Placer Dome to option Brookbank property
Placer Dome Inc. (TSE) has signed a letter of intent to option Metalore Resources (TSE) Brookbank gold property near Beardmore, Ont. Under the terms of the deal, Placer has the right to earn a 50% int…
Big width on surface kindles interest in Quebec nickel find (March 27, 1989)
Surface trenching on the McNickel property north of Lac St. Jean, Que., has uncovered important looking nickel-copper mineralization over impressive dimensions. One area, measuring 300 ft in width, ha…
VSM, Serem-Quebec extend drilling
An additional $420,000 is being allocated to a drilling program under way at the zinc-silver-gold Grevet M property in northwestern Quebec, partners VSM Exploration (ME) and Serem-Quebec report. The f…
Star Lake mine closed
The Star Lake gold mine has been closed following the depletion of its orebody, Cameco — a Canadian Mining and Energy Corp. says. Located near La Ronge, Sask., the mine opened in Jan. 1987 wih a 2.5-…
Alberta Stock Exchange Nathan active
There was plenty of activity among resource issues on the Alberta Exchange but most had little to show for it in terms of an increase in their share price. Among the exceptions was Nathan Minerals whi…
Ennex developing Scottish gold mine
A Scottish gold mine is in the works. Broker James Capel recently reported Ennex International is exploring the Cononish property at Crianlarach, 60 miles northwest of Glasgow, and to date has defined…
Earnings Report (March 27, 1989)
ABM Gold Corp. (TSE) reports for the year ended Dec 31 a net loss of $22.9 million(US) or $1.72 per share on revenue of $6.8 million. For the same period a year earlier the company reported a net loss…
Northern to drill Isle Dieu prospect
Five holes representing about 3,500 ft will be drilled by Northern Mining Explorations (ME) at the junior’s Isle Dieu Twp. gold property near Matagami, Que. Second phase of the program will involve an…
Hecla purchasing Apex mine in Utah
The troubled Apex germanium- gallium mine and processing plant in Utah is being acquired by Hecla Mining, which will pay $5.5 million (US) and bring the mine back into production this year. Hecla will…