Silverado mine profit
An operating profit was generated by the Grant gold mine, owned 100% by Silverado Mines Ltd. (VSE). Located in Alaska, the Grant mine produced 856 oz of gold in April which resulted in an operating pr…
News
New discoveries needed soon in base metals sector
More favorable times have returned for base-metal mining companies, which are enjoying strong commodity prices, but concern about future supplies of the metals seems to be an issue that won’t go away….
Tight money forcing major shift in junior sector
The after-shock of last year’s market crash is still being felt by the mining industry, especially the junior sector. Although the popular flow-through financing mechanism will remain in place until y…
Canadian, U.S. mining share goal
From a speech by federal mines minister Gerald Merrithew at the 1988 Minerals Policy Outlook Conference. The mining industries in Canada and the United States have many similarities. Both industries p…
Freeport options Texada property
The gold potential on Texada Island, 50 miles northwest of Vancouver, has attracted Freeport-McMoRan Gold (NYSE) which recently optioned property from Vananda Gold (VSE). The option agreement involves…
Placer Dome subsidiary to build mill at Papau New Guinea mine
A Placer Dome (TSE) subsidiary plans to establish a 8,000-tonne- per-day mine and mill complex at its one-third owned Porgera gold deposit in Papua New Guinea at a cost of more than a billion dollars….
People (June 13, 1988)
Roddy Resources — Steven W. Harapiak appointed president and chief executive officer succeeding Jack E. Lovelock who has resigned but continues as a director.
COATS Trading Features (June 13, 1988)
Several issues made gains on COATS this week. Wye Resources traded almost 100,000 share to close at a high of 80 cents . A new president has been appointed to run the company. Also, encouraging result…
Starrex has profit
Earnings for the 3-month period ended March 31 totalled $179,000 or 4.4 cents per share, Starrex Mining Corp. (TSE) reports. The profit was generated by gold futures hedging of production from the St…
Deep drilling in Nevada stops short for Rayrock
Rayrock Yellowknife Resources (TSE) has turned to a geophysical exploration program on the Dee property in search of further drill targets after deep drilling below the existing open pit gold mine fai…
Despite terrain problems, Casa Berardi still humming
One of the most difficult exploration terrains in Canada continues to attract exploration dollars. Stretching for 60 miles from the Ontario border to Joutel, Que., the Casa Berardi area remains staked…
Uranium pact ensures access to US
Uranium producers in the U.S. have reached agreement-in-principle with Washington on establishment of an acquisition fund for domestic uranium and the removal of any embargo on the use of non-U.S. ura…