Construction under way at Cliff asbestos plant
Toronto-based Cliff Resources (TSE) is planning to take advantage of a 40% increase in fibre prices by spending $16 million to build a chrysotile asbestos plant at Baie Verte in Newfoundland. Schedule…
News
Aluminum symposium
Metals Week will be hosting its second aluminum symposium titled “Facing the 90s” in Montreal, Que. on Sept 25-26. For more information contact, Mary Ann Whalen, 42nd floor, 1221 Avenue of the America…
Bond Gold has good year
Bond International Gold (NYSE) reports second quarter net income of $13.3 million(US) for the period ended Dec 31. For the first half of the fiscal year net income was $15.2 million or 28 cents per sh…
Golden Range troubles
Golden Range Resources (TSE) has requested the Toronto Stock Exchange to suspend trading in the company’s shares. Golden Range is suffering from financial problems and has been unable to file audited …
Earnings Reports (February 27, 1989)
Bond International Gold (NYSE) reports second quarter net income of $13.3 million on revenue of $55.1 million. For the six months ended Dec 31, the company reports net income of $15.2 million(US) or 2…
New mines minister to speak at March convention of PDAC
Scheduled to make his inaugural address to the mining industry, at the 57th annual convention of the Prospectors and Developers Association of Canada (PDAC), is the newly appointed minister of Energy,…
Dore Norbaska in Mexico
Encouraging drill results have been received by Dore Norbaska Resources (TSE) from the company’s gold property in Sonora, Mexico. Dore holds its interest in the project via a 49% equity interest in No…
Province to study industrial minerals industry
A ministerial review committee will study ways to stimulate production and export of Ontario’s industrial minerals, mines minister Sean Conway announced recently. Mike Brown, MPP for Algoma- Manitouli…
Denison shifts emphasis back to uranium mining
Denison Mines (TSE) is casting a bullish vote for uranium — the mineral upon which the diversified mining and energy company was built. In a major redirection, Dension plans to sell its large oil and…
Healthy Hemlo Gold output hindered by lower head grade
Output was down from the previous year but Hemlo Gold Mines (TSE) managed to turn out 336,668 oz gold in 1988 from its Golden Giant mine at Hemlo in northern Ontario. The company, 50.1% owned by Noran…
Higher metal prices buoy commodity index
A 6.2% boost in the metals and minerals sub-index helped the Scotiabank record a 3.1% increase in its all-commodity price index in December, for the third straight month.
INSIDER TRADES (February 27, 1989)
Amer Ore — R. Fraleigh bought 50,000 (Dec, Jan) @ 20 cents to hold 68,000 and bought 6,000 (Jan) @ 32-33 cents to hold 28,000 indirectly. Ansell Lake — S. Mourin sold 301,000 (June, July) @ 65 cent…