Francis at CIM meet
Well-known business journalist Diane Francis will be the guest speaker at the Canadian Institute of Mining and Metallurgy’s Women’s Night. Scheduled for Feb 10 at Toronto’s Royal York Hotel, the eveni…
News
Card Lake to drill
A diamond drilling program is set to start this month on Card Lake Resources’ (COATS) Tumpline Lake polymetallic property. Located 90 km northeast of Yellowknife, N.W.T., the Tumpline claims are held …
Earnings Reports (February 13, 1989)
Nevada Goldfields Corp. (TSE) of Denver, Colo., reports a net loss for the 6-month period ended Dec 10 of $100,382(US) or 1 cents per share on net sales of $8.89 million. For the same period a year ea…
FUTURES PRICES Metal Prices (February 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb133.50 133.50 133.50 — 10.90 Mar132.70 128.20 131.50 — 11.40 Apr126.30 126.30 126….
Westmont gold mine stepping stone for increased production in
Until the Ridgeway mine came on stream (N.M., Feb 6/88) Westmont Mining’s heap leach operation near here was the largest gold mine in South Carolina, a state that is fast becoming recognized for its g…
Editorial The long-term view
There’s a discouraging rumor regarding the effectiveness of flow-through financing that is taking on the patina of truth in non-mining circles. You’ve probably heard it: “Flow-through funding hasn’t r…
New $1.2 M program for Vault claims
A 1989 work program budgeted at $1.2 million has started on the Vault property near Okanagan Falls, B.C. Inco Gold Ltd. (TSE) owns 60% and is operator, while Seven Mile High Resources (VSE) holds a 40…
Drilling resumes at Mishi Lake gold project
Diamond drilling has resumed on the Mishi joint venture property owned by partners MacMillan Gold Corp (VSE) and Granges Exploration (TSE). The 22,500-acre gold property is located in the Mishibishu L…
Editorial A tenuous connection
The Bank of Nova Scotia is being criticized for its involvement in a $4.4-billion loan to Minorco, the Luxembourg-based company that made a takeover bid for Consolidated Gold Fields last year. Minorco…
Metal Prices (February 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 7 Feb 6 Feb 3 Feb 2 Feb 1 Copper 1703-…
Vancouver Stock Exchange Gold’s slump doesn’t slow trading
It has been said the two main things (outside of good promotion) that drive the Vancouver market are good drill results and healthy metal prices, particularly gold. Although the yellow metal is still …
Wrightbar’s plans for Bourlamaque placed on hold until better
Development plans for Wrightbar Mines’ (ME) Bourlamaque gold property near Val d’Or, Que., have been put on hold. President W. J. Cluff said the project operator, Belmoral Mines (TSE), has been asked …