Toronto Stock Exchange (August 08, 1988)
The lazy, hazy days of summer did little to inspire fervor for the market again this week in Toronto. Trading volume, at 396.6 million shares for the month of July, was the lowest level since December…
News
Bitech annouces discovery on coast of Newfoundland
Toronto-based Bitech Energy Resources (ASE) has announced what it believes is a significant gold discovery in the Betts Cove area on Newfoundland’s Baie Verte Peninsula. The discovery was made during …
Dickenson income falls, while Wharf improves earnings
Reporting lower net earnings for the first six months of 1988, but similar gold production at its Red Lake, Ont., mine, compared with last year, was Dickenson Mines (TSE). Net earnings to the end of J…
La Fosse drilling uncovers pair of massive sulphides
A drilling program this year at its Gerido division in northern Quebec has uncovered two platinum/ palladium and gold bearing massive sulphide, copper-nickel deposits, La Fosse Platinum (TSE) reports….
Metalore action dismissed by court
An action brought by Metalore Resources (TSE) against Ontex Resources (ASE) alleging conspiracies in relation to a lawsuit launched by Ontex against Metalore has been dismissed by an Ontario Supreme C…
Battle Mountain/Centurion Team Up To Develop California Gold
A gold property located at the north end of California’s famed Mother Lode district has become the subject of a joint venture agreement between Battle Mountain Gold (TSE) and Centurion Gold (VSE), a V…
Gold STandard in finance deal
Utah-based Gold Standard Inc. which is challenging American Barrick Resources’ (TSE) right to own the Mercur gold mine has announced a $2.25-million financing agreement with FCMI Financial Corp. of To…
Editorial Keeping the lid of Tech Transfer
Here’s a curious piece of information. U.S. mining men, it seems, are more fired up about technology transfer than are Canadian miners. Six months ago two international mining journals, published in…
Letters to the Editor (August 08, 1988)
As a McNellen shareholder, I am a little disappointed at the skepticism you imply as to the latest estimates of McNellen’s ore reserves (now eight million tons of 0.25 oz gold per ton) and thought to …
Pegasus to start up Montana mine
With state operating permits now in hand, Pegasus Gold (TSE) is targeting start-up and commissioning this fall of its open pit heap leach Beal Mountain mine located 16m southwest of Butte, MN. And onc…
Montreal Exchange Trading volumes off
Whether or not the hot weather of late has made investors sluggish remains to be proved, but the stock market could use an injection of something to get it moving. In Montreal this past week, light tr…
An unforgettable metals millionaire
Goldfinger. What’s it like, working for a man in the metals world who was the real life model for the character of that name in the James Bond story? The author, Ian Fleming, ex- British naval intelli…