Canada’s oldest Law firms
Two of Canada’s oldest law firms with strong ties to the mining industry are merging. Day, Wilson, Campbell has signed a merger agreement with Holden, Murdoch and Finlay to create Holden Day Wilson, e…
News
Canyon Resources expansion hinges on Addwest acquisition
Although Canyon Resources (NASDAQ) is best known for its minor interest in the advanced Beartrack deposit in Idaho, the Colorado-based company also has ambitious plans to become a gold producer in exc…
Bank terminates gold loan on ERG’s tailings project
The struggling tailings treatment project of ERG Resources (TSE) at Timmins, Ont., is in financial hot water. An Australian bank has terminated the company’s gold loan agreement. ERG, 61.6% owned by P…
Golden Crescent drilling on two Placer Dome bets
Toronto-based Golden Crescent Resources (ASE) says an 8,400-ft drill program has started on the Detour Lake joint venture property, optioned from Placer Dome (TSE) earlier this year. The property, kno…
Letters to the Editor Which way to Mecca?
In the first half of 1981 in West Africa, as part of a Canadian prospecting team, my duties took me far afield from our base camp. After the usual meeting with the local headman & council, and since m…
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…
Toronto Stock Exchange Gold shares ease as bullion price drifts
Gold stocks, which have held centre stage on The Toronto Stock Exchange for the past few weeks, crumbled today, Dec 13, under a barrage of selling pressure which skimmed more than 200 points or 2.58% …
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…