White mine’s output up but operating costs rise
Gold production at the A.W. White mine near Red Lake in northwestern Ontario totalled 70,200 oz last year, up from 63,800 oz in 1987, Dickenson Mines (TSE) reports. During the fourth quarter of 1988, …
News
DRX to launch control bid for troubled McFinley Mines
New York-based holding company DRX Inc. is preparing to launch a takeover bid for McFinley Red Lake Mines (TSE). Dissatisfied with the lack of progress at McFinley’s Bateman Twp. gold project near Red…
Editorial How will Epp fare?
Government plays an ever-increasing role in how business operates in Canada, whether it’s primary industries like mining or any other commercial endeavor. But does it matter who sits at the head of th…
Drilling resumes at Bitech project
After arranging a $1.3-million private placement, Bitech Energy Resources (ASE) has resumed drilling at the Nugget Pond gold project in Newfoundland. Bitech has so far outlined 259,396 tons of grade 0…
Vista mill results
Vista Mines (TSE) has completed a 10,000-ton bulk sampling program from its Rio gold deposit in Saskatchewan. The sample yielded an average grade of 0.12 oz gold per ton. Milling was performed at Vist…
FINANCING (February 20, 1989)
VANCOUVER Benz Gold Res — gross proceeds rec $112,500. Golden Sky Res — gross proceeds rec $133,400. Sleeping Gold Ltd — 600,000 offered @ 43 cents per sh. Stag Expls Ltd — gross proceeds rec $19…
Noranda Exploration options Sunrise project
With the recent resurgence of interest in exploration for base metals in general and zinc in particular, Noranda (TSE) has increased its exposure to a segment of the Beaulieu volcanic belt near Yellow…
eath Steele mine in N ew Brunswick prepares to re-open
Riding the crest of a base metals price increase, Brunswick Mining & Smelting (TSE) (as operator) is about to turn a cash- draining property into a cash generator. It’s not official yet — approval fr…
Battle Mountain earnings climb 25% for the year
Higher production, slightly higher average realized gold prices, gains on foreign currency transactions and a greater return on short term investments boosted net earnings of Battle Mountain Gold (NYS…
Hemlo buying more Central Crude
Hemlo Gold Mines (TSE), which is carrying out a multi-million dollar exploration-development program on the Mishibishu gold property of Central Crude Ltd. (VSE), continues to up its share interest in …
Quartz Mountain dissent fizzles
The Supreme Court of British Columbia has dismissed an application by three shareholders of Quartz Mountain Gold (TSE) for an order postponing the company’s annual general meeting until March 6. The m…
Metal Prices PRODUCER PRICES (February 20, 1989)
ALUMINUM: MW U.S. Market $1.02- $1.05(US) per lb. (Feb 2, 1989). ANTIMONY: New York dealer $1.00 cents – $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.75-$6.85(US) per lb (Jan 26, 1989…