Northquest program
A diamond drilling program is being conducted by partners Northquest Ventures (ASE) and Young- Shannon Gold Mines (COATS) on their Chester Twp., Ont., gold property. The work is testing an area near a…
News
Pacific Minesearch completes program on Michaud project
After completing an 8-hole, 5,250-ft diamond drill program on the Michaud project near Matheson, Ont., Pacific Minesearch (VSE) intends to continue work on the Ontario gold project in 1989. The compan…
Westmin returns to mining
Many oil and gas companies have their roots in the mining industry including Westmin Resources (TSE) and ill- fated Dome Petroleum; but few of them ever revert back to mining as their principal busine…
Metal Prices PRODUCER PRICES (February 27, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Toronto Stock Exchange Inflation fears boost golds during market
Traders faced another day of turbulent activity as the composite index lost another 28.2 pts to close at 3584.03 pts. Volume was 27.7 million shares. Unease as to the short- term direction of interest…
Vancouver Stock Exchange Investors wait for better gold price
Although gold prices appear to have rebounded slightly from last week’s lows, brokers here say the yellow metal will have to show a sustained performance over the $400(US) level for investors to regai…
DRX plans bid for Aussie gold miner
New York-based DRX Inc. says it is planning a takeover bid for Australian gold miner Mount Burgess Gold Mining Co. DRX holds about 1.9 million shares or 7% of Mount Burgess common shares and it intend…
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…
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…