Metall Mining boosts earnings
Income before extraordinary items of $26.7 million (71 cents per share) for the 9-month period ended Sept 30 was reported by Metall Mining (TSE), compared with $18.1 million (48 cents per share) for …
News
Books in Review Northern Miner to publish new edition of Mining
In early 1990, Northern Miner Press Inc. will publish a 144-page book entitled Mining Explained: A Guide to Prospecting and Mining, the sixth edition of a reference publication that first rolled off t…
Equity drops option on Bitech’s Nugget Pond gold property
Although Bitech Corp.’s (ASE) Nugget Pond gold property in northern Newfoundland hasn’t lived up to the mine-making criteria of Equity Silver Mines (TSE), Bitech still believes the small deposit could…
People (December 25, 1989)
ALBAN EXPLORATIONS — Robert Miller has joined the company as a management advisor.
Editorial Commercializing Christmas
As Christmas shoppers rush from store to store, who can fail to lament the commercialization of the holiday season? Somehow the spirit of giving has been lost since the Magi bore their gifts of franki…
Base metals demand not expected to fold
During the 10-year period 1978- 88, South Africa’s Krugerrands (and other gold coins) went from accounting for 84% of the gold used in the production of gold coins to 13%. The Gold Institute of Washin…
Mining Man of the Year Gill’s place secure as Louvicourt discoverer
As a rookie scuba diver and recent explorer of Australia’s Great Barrier Reef, James Gill, 40, is already dreaming of looking for hidden treasures in shipwrecks deep beneath the Caribbean. But even …
VSM, Onitap deal
VSM Exploration (ME) has signed an option agreement with Onitap Resources (TSE) which gives VSM the right to earn a 50% interest in Onitap’s 118-claim property in Tonnancourt and Josselin twps., Que. …
Obituraries Dick Murray
Dick Murray, P.Eng., a district engineer of mines for Ontario for many years, died in Kenora, Ont., Nov 20. Murray joined the Ontario Department of Mines in 1955. For more than 22 years he carried out…
North America’s richest goldfield keeps getting richer.
In August, Denver-based Newmont Gold pulled an intersection of 350 ft of 0.768 oz gold per ton from its Deep Star property along Nevada’s Carlin trend (N.M., Aug 21/89). Newmont, a 90% owned subsidiar…
Insider Trading Rayrock President misses out on Greenland action
Rayrock Yellowknife Resources (TSE) President David Crombie missed an opportunity recently to take advantage of the hype surrounding Platinova Resources’ (TSE) Greenland gold joint venture with Corona…
Golden Star gives not to Mahdia gold project
Golden Star Resources (TSE) has decided to advance its Mahdia gold property in Ghana to the production stage. At full production, the Mahdia placer mining operation would be capable of producing 60,00…