Editorial In flow-through limbo
Many in Canada’s mineral exploration industry feel they’re in a state of limbo; activity today is certainly not at the level of 1987’s hectic pace, but neither have the dark days of the early 1980s re…
News
Alberta Stock Exchange Suffolk loses ground
With gold prices in the $427(US) per oz range and the market still sleepwalking through summer, it’s hardly surprising that there wasn’t much action during trading this week. Volumes were generally lo…
Cambior names mine in honor of Sullivan founder
Life has been breathed into another of this bustling mining town’s former producing gold mines. With more than 100 guests on hand, Louis Gignac, president of Cambior Inc (TSE), officially opened the E…
News in Brief (August 15, 1988)
Mono Gold Mines has announced that it has entered into a private placement and flow-through agreement with NIM Resources whereby the partnership has agreed to purchase flow-through shares having an ag…
American Barrick Resources photo
An aerial view of the newly-opened Holt-McDermott gold mine site, located 25 miles northeast of Kirkland Lake, Ont. The gold mine is the first to open in the historic Kirkland Lake gold mining area in…
Metal Prices FUTURES PRICES (August 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 90.90 90.50 90.75 — 1.15 Sep 91.90 90.15 …
Investment City issue considered undervalued
Vancouver-based City Resources (TSE) is attempting to bring what should be British Columbia’s largest gold producing mine into production by October, 1989. Located on the Queen Charlotte Islands, off …
Minnova and Rea Gold plan mill at silver bet
Minnova Inc. (TSE) and junior partner Rea Gold (TSE) say a 465-ton-per-day mill could be commissioned and fully operational by mid-June 1989 on the Samatosum project near Adams Lake, B.C. Although the…
Toronto Stock Exchange Interest rates hike, falling gold ravage
Investors scrambled to salvage what little they could following a week-long slump which culminated in a savage 64-pt drop yesterday and today. Last month’ s rally, which set a post-October 19th cras…
Vancouver Stock Exchange Halley gains on Newfields’ deal
A stronger US dollar, talk of higher interest rates and a weaker gold price — the usual culprits — are being blamed for keeping investors on the sidelines of most North American Exchanges, including…
Project poses questions for Lenora and Mary Ellen
The erratic gold distribution in northern Saskatchewan’s Beaver Lodge area is posing some major questions to a joint venture group including Lenora Explorations (TSE), Mary Ellen Resources (VSE) and C…
Glencairn to mine diamonds from placer bet in Brazil
Toronto-based Glencairn Explorations (ASE) is attempting to bring a Brazilian placer diamond operation into production by the second quarter of 1989. Owned by Mineracao Piracicaba of Rio de Janeiro, …