Two gold pours for Placer Dome
Already one of North America’s largest gold producers, Placer Dome Inc. (TSE) will be adding two new producing gold mines to its growing roster this month. The newest gold mine in the Placer Dome Grou…
News
Earnings Report (February 20, 1989)
Battle Mountain Gold (TSE) reports net earnings for the fourth quarter of $12.1 million(US) or 18 cents per share on revenue of $32.4 million compared with net earnings of $17.5 million or 27 cents …
Sudbury Contact options Legacy bet
An option to earn a 60% interest in the McElroy Twp., gold property near Larder Lake, Ont., has been obtained by Sudbury Contact Mines (TSE) from Legacy Explorations (COATS). The agreement, recently r…
Corona offer expires March 7 for Dickenson, Kam-Kotia shares
A former president of Dickenson Mines, (TSE) Arthur White, after whom Dickenson’s Red Lake mine was named, thinks the price being offered in a takeover bid by Corona Resources (TSE) is too low. “I don…
Shareholders applaud changes to Skyline board
The ongoing saga of Skyline Explorations (TSE) played to a full house at the company’s annual meeting held in Vancouver recently. Reginald and Joyce Davis were not re-elected to the board and a propos…
Vancouver Stock Exchange Gold’s decline slows stock trading
With the gold price still fluctuating below the $400(US) level, there was no mistaking the downward pressure on gold issues in recent trading here. Non-resource stocks appear to have dominated trading…
Piedmont’s Haile gold mine has large exploration potential
The axiom that mines are made and not found holds true for Piedmont Mining (NASDAQ) and its Haile gold project in South Carolina. Now ranked third behind the Ridgeway mine (BP/Galactic) and the nearby…
Vedron defining Timmins reserves
Exploration work on Vedron Ltd.’s (TSE) Timmins property is now geared to defining mineable reserves that are easily accessed by the current underground ramp, the company says. Until mid-September las…
McAdam completes financing deal
A funding agreement has been concluded with 1988 (No 3) Mintax Mineral Ltd. Partnership under which Mintax will be issued flow- through shares at an aggregate subscription price of $1.5 million, McAd…
New group bidding on Asamera Minerals
As was widely rumored, a group of senior operating and management personnel at Asamera Minerals (TSE) are interested in taking over the company. They have formed The New Asmin Group which has announce…
Kerr, Beaufield project
A diamond drilling program is under way on the Urban and Barry twps, Que., property held by Kerr Addison Mines (TSE) Minnova Inc. (TSE) and Beaufield Resources (TSE). Beaufield has the right to earn a…
Crown/Gold Texas shareholders approve merger
At meetings held in Vancouver and in Denver, Colo., shareholders of associated companies Gold Texas Resources (VSE), Crown Resource Corp. (NASDAQ) and Gold Capital Corp. voted in favor of a reorganiza…