VSE approves cleanup plan
Stung by media criticism over its role in a scam that saw United Services Funds of San Antonio, Tex., defrauded out of millions of dollars, the Vancouver Stock Exchange has approved a “broad action pl…
News
Newmont’s debt reduction strategy, is paying off
New York-based Newmont Mining is still attempting to recover from a $2.2-billion dividend paid out last October to thwart a takeover bid by Texas oilman T. Boone Pickens. Net income for the three mont…
Golden Terrace seeks joint venture partner
Golden Terrace Resources (TSE) expects to have a senior mining company take on a joint venture partnership this summer on its Richardson Lake gold property in northwestern Ontario. At the company’s an…
Editorial Rumors no substitute for reality
Sometimes, a good rumor packs a bigger and faster punch than facts do. Just ask anyone who plays the market. They know the rumor mill can be more real than the facts of a situation. Rumor also plays…
Davidson shareholders question non-mining deals
Several non-mining investments made by Davidson Tisdale Mines (TSE) came under shareholder attack at the company’s annual meeting. Despite dissension by a minority group, shareholder approval for the …
Glamis to boost production
With two years of life remaining at its Picacho mine in California, Glamis Gold (TSE) hopes to increase gold production to nearly five times the current rate by 1990. Property acquisitions and joint v…
Reserves increase atGolden Pond
Reserves have been increased at the Golden Pond project shared by Inco Gold Co. (60%) and Golden Knight Resources (TSE) (40%). Located in the Casa Berardi area of northwestern Quebec, the deposits hos…
Investment Comment Battle Mountain lacks gold reserves
Battle Mountain Gold (TSE), the subject of a report by Barclays de Zoete Wedd of London, is short on reserves in comparison to other companies of its size and even though the Houston, Tex.-based outfi…
Taywin high grade
High grade gold and silver values have been drilled by partners Taywin Resources (VSE) and BP Minerals on the Electrum property in B.C. Located on Vancouver Island, the property hosts narrow high-grad…
Claude discoveries
Two gold discoveries have been made by Claude Resources (TSE) on properties in Saskatchewan and in the Northwest Territories. On the Grassy project in Saskatchewan, Claude geologists re-examined a for…
Letters to the Editor Franc Joubin had it straight
Apropos my recent Odds ‘n’ Sods memoir anecdote (N.M., May 30/88), about “Black Angus,” my critic Eric Ascroft (letter, Northern Miner issue of June 13/88) has reason for his confusion, exceeded only …
Gold production up, Cambior boosts profit
Gold production by Cambior Inc. (ME) has increased to 42,986 oz in the first quarter of this year from 30,439 oz produced during the same period last year. The big improvement was reflected in the com…