News


COATS Trading Features (April 04, 1988)

A takeover offer for 750,000 shares of Newfield Mines helped perk up the share price of that issue to $1.85. Partners T & H Resources and Jonpol Explorations are making the bid. The latter companies h…


Dumagami sheds image as a `marginal’ producer

With the start-up of its spanking new 2,000-ton mill in Quebec’s bustling Bousquet-Cadillac area now scheduled for late May, Dumagami Mines will soon be shedding its long held perception as a marginal…


Metal Prices PRODUCER PRICES (April 04, 1988)

ALUMINUM: MW U.S. Market $1.065-$1.105 per lb. (Mar 17, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.65-$5.80 per lb. (Mar 17, 1988). CADMIUM: New Y…


Flow-Through Committee garners support in Vancouver

The Canadian Save Flow-Through Committee rolled into town last week to garner public support for the retention of flow-through financing. Turnout at the symposium was light and probably reflected the …


Debt-free Queenston quiet on Kirkland West talks

While a shutdown at the McBean open pit near Kirkland Lake, Ont., reduced Queenston Gold Mines’ 1987 earnings, the Toronto company is negotiating a joint venture agreement with Lac Minerals at the pro…


Amax Gold boosts Sleeper reserves

A major increase in reserves has been reported by Amax Gold Inc. at the company’s Sleeper gold mine in Nevada. High grade reserves of 3.4 million tons grading 0.376 oz of gold per ton represent a 97% …


Interquest results

Interquest Resources has received encouraging results from drilling on the Follansbee Red Lake property near Red Lake, Ont. The project is being funded by Red Lake and Sun Valley Resources which can e…


Muscocho results at Magnacon bet show good values

Unusually strong widths plus elevated gold values have been en countered in exploratory drifting and slashing in the South zone on the first level at the Magnacon gold project in the Mishibishu Lake a…


Imperial Metals paves way for shaft at Parys Mtn.

Engineering studies and permit approvals are in place for sinking a 1,500-ft shaft at Imperial Metals’ Parys Mountain base metals property in North Wales. The phase one shaft sinking program, which in…


Bidding for North American may continue

U.S. gold mining giant Homestake Mining has dug deeper into its pockets and made a follow-up offer for North American Metals. Although North American’s board of directors favors the new offer, the bid…


Anglo American joins TRV in Brazil

TRV Mineracao Ltda. of Brazil has granted an option to Anglo American Corporation Do Brazil to explore its Anicuns gold project in the State of Goias. TRV Mineracao is jointly owned by two Vancouver c…


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