Commodity index reaches new high
Helped along by metals prices, Scotiabank’s all-commodity price index rose by 1.8% in January. The index reached its highest level in the current business cycle and stands 7.6% above the 1980 peak in …
News
OMA elects new chairman
Andrew Rickaby, vice-president, of mining for Denison Mines, has been elected chairman by the board of directors of the Ontario Mining Association (OMA) for 1989/90. His election was announced by Patr…
Northgate bails out Neptune
Truckers were preparing to haul mining equipment once again to Neptune Resources’ (TSE) Colomac gold property following news that Northgate Exploration (TSE) has agreed to provide a $40-million bridge…
Noranda earnings
Booming commodity prices helped Noranda Inc. (TSE) earn $603 million or $3.14 per share in 1988. This compares with earnings of $343 million or $2.14 per share in 1987. The company’s mining division r…
Platinova, Corona target gold, pgm in Greenland
Exploration of a layered mafic intrusive complex along the east coast of Greenland has confirmed the presence of gold and platinum group metals, Platinova Resources (TSE) reports. The East Greenland p…
Metal Prices (March 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 7 Mar 6 Mar 3 Mar 2 Mar 1 Copper 1…
Alberta Stock Exchange Baslen moves up
A number of issues showed significant progress following an increase in gold and silver prices. News that gold was selling at around $395(US) per oz may have had an impact on the International Baslen …
Epp preparing miners for era of deficit control
Even though he was named Minister of Energy Mines and Resources in January, Jake Epp still gets calls from anxious reporters looking for answers on issues from AIDS to daycare. While, the 49-year-old …
Ego has Asquith Twp. drill results
Additional results have been reported by Ego Resources (TSE) and Asquith Resources (COATS) from recent drilling on their Asquith Twp., property in the Shining Tree area of northern Ontario. Highlights…
Gold funds as of March 7
BGR Goldcorp Central MVP Capital Net value $11.99 8.83 6.44 0.80 Price $9.75 5.875 5.62 0.62 Discount $ 18.68% 33.5% 12.7% 22….
Obituary Charles McLachlan
Charles Gordon McLachlan, the 1956 recipient of the International Nickel Medal for distinguished service to the Canadian mining industry, has died. Born in Vancouver, B.C. in 1896, “Mac” served as a d…
Pegasus increases stake in Pioneer Metals
U.S. gold producer Pegasus Gold (TSE) has further increased its equity position in Pioneer Metals (TSE). With the acquisition of 296,504 additional units that became available through the additional s…