Hycroft reports record gold production
Operating improvements at the Crofoot-Lewis open pit mining operations in Nevada have boosted quarterly gold production to a record high for Hycroft Resources & Development. Hycroft, a 59%-owned subsi…
News
Granges to close Tartan Lake
Citing weak gold prices as the primary reason for the decision, Granges Inc. (TSE) announced it will suspend operations at the troubled Tartan Lake gold mine in Manitoba. The company said operating co…
People (October 23, 1989)
CONS CHURCHILL — Steven Simony-Gindele appointed president and chief executive officer succeeding Gunter Deinert.
Westmin, Byron undertake surveys at Nation Lakes
An airborne geophysical survey to outline copper-gold targets is under way on a British Columbia property owned by joint venture partners Westmin Resources (TSE) and Byron Resources (VSE). The 10,600-…
Metals not affected by market collapse
The sudden mid-October stock market collapse and near-recovery the next trading session had little apparent effect on the precious and base metal commodity markets. Gold, silver and platinum enjoyed s…
Amalgamation simplifies Northgate group
Toronto-based Northgate Exploration (TSE) is planning to amalgamate four of its western affiliates into a medium-sized gold company capable of producing around 200,000 oz annually. By merging ABM Gold…
Piedmont offering raises $2.8 m(US)
Piedmont Mining of North Carolina says it has raised $2.8 million (US) for exploration purposes from a recently completed rights offering. Under the offering, 1.45 million shares were purchased by Pie…
X-Cal hits low grade
Drilling by X-Cal Resources (TSE) on the company’s Snowbird gold project is indicating improved widths at depth, the company says. Near Fort St. James, B.C., the Snowbird property hosts several gold m…
Pioneer struggling to avoid cash crunch
The recent shutdown of the Puffy Lake gold mine in Manitoba and the slow start-up of the 40%-owned Premier Gold mine near Stewart, B.C., have strained the financial resources of Pioneer Metals (TSE). …
Market plunge a non event on Alberta Stock Exchange
If he hadn’t read about it in the newspaper Alberta Stock Exchange President Tom Cumming said he wouldn’t have been aware of the Oct 13 market plunge. While the Dow Jones industrial average dropped 19…
Metal Prices PRODUCER PRICES (October 23, 1989)
ALUMINUM: MW U.S. Market US80.50 cents – 81.50 cents per lb. (Oct 12, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
Orex plans to mine Goldboro to prove its economic viability
Quebec-based Exploration Orex (ME) is about to develop a large sub-level retreat longhole stope in the upper reaches of the Goldboro deposit, The Northern Miner learned on a recent visit to the proper…