Placer Dome buys shares of Pan Orvana
The proceeds of a recent private placement by Placer Dome (TSE) will be used by Pan Orvana Resources to carry out exploration in south-central British Columbia and north-central Washington. The progra…
News
Hemlo backs away from Magnacon mill, leaves Flanagan floundering
To the surprise of management at Flanagan McAdam Resources (TSE) and Muscocho Explorations (TSE), Hemlo Gold Mines (TSE) has decided to back away from a proposal to purchase an interest in the Magnaco…
Santa Fe Pacific boosts reserves
Gold production at a nominal rate of 100,000 oz. per year is expected to begin in the third quarter of 1991 at the Lone Tree mine owned 100% by Santa Fe Pacific Gold, a unit of Santa Fe Pacific (NYSE)…
Ont. geoscientists meet to discuss registration issue
The first meeting of a Sudbury- based group which is seeking formal registration for all professional geoscientists in Ontario was held recently at Sudbury, Ont. Ed Sawitzky, vice-chairman of the Sudb…
Pine Channel drops Deception Lake
After receiving poor exploration results from its Deception Lake property in northern Saskatchewan, Pine Channel Gold (VSE) has decided to drop the property. The move comes after a unit of Noranda (TS…
Survey gives data on silver supplies
World Silver Survey, 1950-1990 predicts how the metal will fare in this decade. The book lists market factors that influence today’s silver price and analyses global silver supplies. Also included are…
Geddes’ new plan shows less acid drainage likely
A revised mine plan for the Windy Craggy project was recently submitted to the British Columbia government by Geddes Resources (TSE), a junior company which is proposing to develop a major copper mine…
Canamax writedown
Canamax Resources (TSE) has concluded a $39.5-million writedown of the company’s assets and investments in other exploration firms to be provided for its year- end accounts. The writedown resulted fro…
FUTURES PRICES (January 07, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan 119.00 116.30 118.30 +6.80 Feb 118.10 117.90 118.05 +6.05 Mar 117.80 114.90 116.85 SILVER (in US cents per oz…
Fairbanks funding
Yorkton Securities has been retained by Fairbanks Gold (VSE) to complete a private placement of a minimum of 350,000 units at $5 per unit. The units will include one share and a share purchase warrant…
Teck options Greenland bet of Platinova
An agreement has been entered into between Platinova Resources (TSE) and Teck (TSE) whereby the latter may earn a 50% interest in Platinova’s East Greenland gold- platinum project. To earn its interes…
LETTERS TO THE EDITOR Engineer suggests measures to reach
We are witnessing a downsizing of the middle class in this country because of uncontrolled government spending, uncaring government policies and unbearable tax grabs by all levels of government. There…