Monte Carlo deal
Canarub NV, a wholly-owned affiliate of Monte Carlo Gold Mines (ASE) has completed a royalty agreement with the government of Aruba. If Canarub’s properties are ever placed in production, the company …
News
Queenstake acquires new placer project
In 1989, Queenstake Resources (TSE) intends to expand the present production unit and carry out a phased exploration program to increase reserves on a newly-optioned placer gold property in the Atlin …
Quebec boosts tax deduction for mining-firm investors
Flow-through financing for mining exploration may not be as much in the news as it once was in other parts of Canada, but in Quebec the investment scheme is alive and kicking. Whereas in the other pro…
Whim Creek board resolves problems over offshore deals
Directors of Australia-based Whim Creek Consolidated and Toronto affiliates Northgate Exploration (TSE) and Westfield Minerals (TSE) appear to have resolved their recent differences. Patrick Hughes wh…
Toronto Stock Exchange (January 02, 1989)
Although the markets ended the year with a whimper, most will agree that the year was anything but dull. Today’s 2.28-pt loss to close at 3359.31 pts capped the first post-October 1987 year — one whi…
Casa Berardi shines for Golden Knight
With its Golden Pond mine in Quebec’s Casa Berardi area almost producing at capacity, 1989 should be a good year for Golden Knight Resources (TSE). At the company’s annual meeting in Vancouver recentl…
Montreal Exchange (January 02, 1989)
A quiet market for some months gave way to near non-action during the holiday-shortened Christmas trading week, with the volume on the first trading day after Dec 25 dropping to 1.3 million shares. Ea…
Editorial Looking ahead to 1989
Crystal-ball gazing is a hazardous occupation, but once every winter, as we cross the threshold into a new year, we indulge our inclination to tell the universe just how we expect it will unfold. If t…
Better acid trap
A Texas firm, Aerological Research Systems, says it has developed a better smokestack device which removes practically all sulphur dioxide from emissions. Sulphur dioxide, released into the atmosphere…
Mishi Lake get $2.8 million to expand
A budget of $2.8 million has been allocated for additional work on the Mishi Lake gold project of Granges Exploration (TSE) and MacMillan Gold (VSE) near Wawa, Ont. The upcoming work program is geared…
Metal Prices FUTURES PRICES (January 02, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 162.00 155.05 156.75 — 2.15 Jan 153.90 149.00 15…
News in Brief (January 02, 1989)
Canadian Platinum Refineries has been delisted from the Alberta Stock Exchange for failure to file listing requirements. News in Brief Enhanced Resources (1986) has been delisted from the Alberta Stoc…