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…
News
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…
Ground control in mining
Ground control in mining is a conference series established to improve the exchange of information among researchers, consultants, manufacturers, and operators in the mining industry and profession. P…
Metal Prices FUTURES PRICES (February 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb137.00 133.50 137.00 + 11.20 Mar134.80 129.00 134.50 + 10.70 Apr125.50 125.50 13…
CIM/PDAC joint luncheon
W. A. Gatenby will be the guest speaker at the joint meeting of the CIM-Toronto Branch and the Prospectors and Developers Association of Canada. Fifty tickets have been reserved for CIM members who ha…
Joubi drill results
Partners Western Quebec Mines (ME), Messeguay Mines (ME) and Oasis Resources (ME) have reported more encouraging results from drilling at the Joubi gold property at Val d’Or, Que. Among the better res…
Earnings Report (February 27, 1989)
Cyprus Minerals (NYSE) reports net earnings of $170 million(US) or $6.31 per share for 1988 compared to $26.2 million or $1.02 in 1987. Fourth quarter earnings were $65.4 million or $2.42 per share co…
Alberta Stock Exchange Bitech again
For the umpteenth week in succession, it seems, Bitech Energy Resources was the clear leader both in terms of price increase and number of shares traded. Certainly, a number of other issues including …
Trader Res. encouraged by Ronnoco gold bet results
Toronto-based Trader Resource Corp. (TSE) is beginning to report some interesting results from the Ronnoco Gold Mines (COATS) property in the heart of the Timmins, Ont., camp. Under an agreement with …