Ateba has money to reopen mine
After raising $925,000 from debt and equity financings, Ateba Mines (TSE) says it is in a position to reopen the mill and resume production at its Beardmore gold mine in northwestern Ontario. The equi…
News
Letters to the Editor Criticism of flow-through unjust to mineral
I was surprised to read your editorial criticizing flow-through share financing, and take exception to much of the editorial’s content and rhetoric “Time to bury the flow-through myth,” (N.M., Nov 27/…
QME trying to raise flow-through funds
Partnership funds may have peaked in 1987 and 1988, but a Montreal-based fund thinks there is still significant business to be had in the junior mining sector, especially in Quebec. The QME (1989) Min…
Montreal Exchange Quiet trading pattern
Investors appeared to take a break to plan their strategy, and possibly take some profits, for the week ended Nov 28. Both the general market portfolio index and the mining and minerals index closed d…
Bond, Sunshine in joint venture on property adjacent to Bullfrog
An 18,000-acre land package in Nye Cty., Nev., became the focus of a joint venture exploration and development agreement involving Bond International Gold (NYSE) and Sunshine Mining (NYSE). Precious m…
Stratmin welcomes graphite partner
An unnamed company will become a 51% owner in the graphite project of Stratmin Inc. (ME) near Mont-Laurier, Que. Stratmin reports a wholly owned subsidiary, Stratmin Graphite, will form a partnership …
Chevron completes Goldquest drilling
A total of 25,600 ft of diamond drilling in 22 holes was completed recently by Chevron Minerals, a unit of Chevron Corp. (NYSE), on property under option from Goldquest Exploration (TSE) in the Red La…
Doe Run seeks permission to look for Missouri lead
The Doe Run Co., America’s largest producer of primary lead, is seeking government permission to begin exploratory drilling around its southeastern Missouri lead mines. Environmentalists are opposed t…
Placer Dome US may enter joint venture with Athena
A letter of agreement between Athena Gold (VSE) and Placer Dome U.S., a wholly owned subsidiary of Placer Dome (TSE), could result ultimately in a joint venture between the two companies. The formatio…
Muscocho closing Montauban gold mine
Gold-mining operations at the small Montauban project of Muscocho Explorations (TSE) near Quebec City, Que., will be closed down early next year. Muscocho says it is terminating operations at the mine…
Windy Craggy copper bet continues to show promise
Geddes Resources’ (TSE) Windy Craggy copper project in northern British Columbia continues to reveal its potential as contractors drive a crosscut into the North zone. The crosscut is being driven thr…
PRODUCER PRICES (December 04, 1989)
ALUMINUM: MW U.S. Market US75.50 cents -77.00 cents per lb. (Nov 21, 1989). ANTIMONY: New York dealer US85 cents -90 cents per lb. (Nov 9, 1989). BISMUTH: New York dealer $4.55-$4.65(US) per lb. (Nov…