News

Geological Survey Minerals Colloquium set for Ottawa

The Geological Survey of Canada will hold its first Minerals Colloquium in Ottawa, Jan 17-18, at the Ottawa Congress Centre. The colloquium will immediately follow the GSC’s Forum 1990 (Jan 15-17) at …


Wade reduces Bitech stake prior to Nfld. gold find

Bitech Corp. (ASE) President Jim Wade recently sold a substantial portion of his holding in the Toronto-based exploration company. During the latter part of October, James Wade Engineering and Pamiba …


Hycroft third quarter profit

Third-quarter profit of $1.14 million was not enough to put Hycroft Resources and Development (VSE) in the black for the nine months ended Sept 30. The loss for the entire period amounted to $3.7 mill…



Metal Prices (December 18, 1989)

FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Copper 1471-1473 1493-1495 1516-1518 1526-1528 1525-1526 Lead 434-435 448…


Malartic earnings

Third-quarter net income of $199,645 (4 cents per share) on revenue of $2.5 million was reported by Malartic Hygrade Gold Mines (Canada) (VSE), compared with $39,396 (1 cents per share) on revenue of…


Black Swan dives

Net earnings for the six months ended Sept 30 dropped sharply for Black Swan Gold Mines (VSE), from $532,000 last year to $34,000 this year. Cash flow after non-cash working capital items was $208,000…


Rogi option

An option has been acquired by Exploration Rogi (ME) of Val d’Or, Que. to acquire 28 claims in Villebon Twp. from Raymond Houle and Gustave Cere. To earn its title, Rogi must spend $100,000 on explora…


Newmont Gold’s gold output tops 1-million-oz level

Gold production from Newmont Gold’s (NYSE) Carlin, Nev., operations topped the 1-million-oz level, according to financial results released recently by the 90% owned Newmont Mining (NYSE) subsidiary. D…


St. Andrew’s mine off to good start

The Stock Township gold mine owned by St Andrew Goldfields (TSE) is expected to produce 27,000 oz of gold next year. Situated east of Timmins, Ont., the mine entered production on Oct 1, following a s…


Editorial A Christmas hint

Just when it seemed like strong metal prices were going to ensure a happy New Year for everyone in the mining game, what happens? The value of the Canadian dollar climbs to its highest level this deca…


Letters to the Editor Geco discovery clarification

I have just read the “Odds ‘n’ Sods” (“Manitouwadge Messenger Travelled by Canoe,” N.M., Nov 20/89) by S. J. Hunter. While I do not wish in any way to detract from the part played by Moe Moleski in th…


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