Toronto-based Gateford Resources (ASE) is helping to set up a new private company called Canchrome Mines which will explore for chromite ore deposits in Canada. Other major shareholders of Canchrome i…
“We explore like hell.” That has become the unofficial motto of Newmont Gold’s (NYSE) exploration team in Nevada, said Gordon Parker, chairman of Newmont, at a Goldman, Sachs mining conference in New …
Semi-monthly report as of Oct 15 showed 36,316,842 shares of 630 issues, compared with 34,166,082 shares of 611 issues on Sept 30. Larger individual positions included: Agnico-Eagle 67,510 up 19,900; …
Despite additional cost overruns, construction of the Golden Bear gold mine near Telegraph Creek in northwestern British Columbia is on schedule. Project operator North American Metals (TSE) expects m…
ALUMINUM: MW U.S. Market US80.50 cents – 82.00 cents per lb. (Oct 19, 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. (…
Vancouver-based Kap Resources (VSE) is planning to spend about $300,000 this year to explore a Chilean property it considers promising for the production of iodine. The company recently acquired an in…
Investors in flow-through shares in Quebec have been given a new break by the provincial government. Beginning this year, investors will not have to include flow-through tax benefits in the calculatio…
Gold hedging activity enabled Hemlo Gold Mines (TSE) to earn $10.9 million or 13 cents per share during the third quarter of this year. Despite a drop of $85 per oz of gold during the period, the com…
The Canadian Over-the-Counter Automated Trading System, or COATS, was largely unaffected by the recent share price swings experienced on other major stock exchanges during the week. COATS issues had b…
Speculation that drilling by American Barrick Resources (TSE) has intersected another major gold deposit on a property near Carlin, Nev., has sparked a gain of more than 60% over the past two weeks in…
A decline ramp collared at surface at the Eagle River gold property in the Mishibishu area of northwestern Ontario had been extended 2,066 ft by the end of September, Hemlo Gold Mines (TSE) and Centra…
I am calling your attention to inconsistencies between the story on the Magino mine (N.M., Oct 23/89) and a reference to the same mine in another story in the same issue. The paragraph on page seven (…
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