Wawa link to gold mines going ahead
Surveying and clearing work will proceed this winter on a road to link Wawa and Dubreuilville to the Kremzar and Magino gold mines, Northern Development Minister Rene Fontaine said. “I believe that th…
News
Earnings Reports (January 16, 1989)
U.S. Gold Corp. of Denver, Colo., reports net income for the 3-month period ended Sept 30 of $352,000 (US) or 1 per share on revenue of $1.9 million. For the same period a year earlier the company re…
Editorial Rationalizing Canadian Coal Markets
If coal is such a hard sell these days, why not convert the energy contained in the rock into a form that is more salable? Two coal mining companies in British Columbia’s Elk Valley, for example, ar…
La Fosse takeover
La Fosse Platinum (TSE) has made an offer to purchase up to a 60% interest in Louvicourt Gold Mines (COATS). La Fosse is offering one of its shares for every four common shares of Louvicourt. The offe…
Industry honors its own at first Hall of Fame dinner
The new Canadian Mining Hall of Fame recently welcomed its first 12 members during a gala induction banquet held at the Royal York Hotel in Toronto. Maurice Brown, chairman of the Hall of Fame, presid…
Echo Bay, Coeur d’Alene extend Kensington vein on Alaska gold
An underground adit has intersected a downward extension of the Kensington vein on Echo Bay Mines’ (TSE) and Coeur d’Alene Mines’ (Amex) gold property located 50 miles north of Juneau, Alaska. The vei…
Geology of Ontario map series, a major OGS initiative
A major initiative now under way by the Ontario Geological Survey will eventually see a new set of comprehensive geology maps produced for the province by 1991. Chief geologist of the province’s Preca…
Stikine presiden onesPezm’ idfrcnrl
Murray Pezim’s recent offer to acquire 51% of the issued capital of Consolidated Stikine Silver Ltd. (VSE) no doubt represents a potential financial windfall for Marguerite MacKay, president and subst…
Will Barrick loan affect gold price?
Just what the price of gold, which has been struggling of late, needs: an announcement by American Barrick Resources (TSE) that it is arranging a 1,050,000-oz gold loan. The precious metal, which just…
Tournigan shareholders ask pointed questions
Fights, whether they be professional or amateur, sometimes don’t live up to their billing. At least that was the case at the annual meeting of Tournigan Mining Explorations (VSE) where a dissident gro…
Vancouver Stock Exchange Gold issues boost market
A renewed interest in the market is generating better than anticipated trading volumes and accounting for a decidedly upbeat mood on the VSE as the new year begins. Despite gold and platinum’s lacklus…
Metal Prices (January 16, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper (pounds sterling per tonne) Date Jan 10 Jan 9 Jan 6 Jan 5 Jan 4 Copper 1862-1867 …