Minerex profits go back to Aurora
Proceeds from gold and silver sales in fiscal 1989 at the Aurora mine of Minerex Resources in Nevada will be used for operations, debt repayment and waste stripping, said President Rodney Duncan. Mine…
News
Problems at Elliot Lake mine reflected in Denison results
While Toronto-based Denison Mines (TSE) is still negotiating to sell its oil and gas assets before concentrating on uranium mining, the wisdom of that decision has yet to be reflected on the company’s…
Phelps Dodge could expand exploration activity in Canada
Phelps Dodge Corp. (NYSE), the largest copper producer in the United States, is reported to be contemplating beefing up its exploration role in Canada. The company has not been active in Canadian ex…
IOCC GOLD OPTIONS (July 31, 1989)
Options Open Series Volume Last Interest Aug 390 C 445 1.50 1,808 Nov 400 C 188 5.00 2,147 Nov 380 C 147 1.20 1,551 Aug 400 C 116 0.50 3,398 Aug 380 C 64 …
Aur sizes up Louvicourt deposit photo (July 31, 1989)
Standing over some Louvicourt drill core are (from left), Aur geologist Yves Rougerie; Benoit Diamond Drilling President Annuncio Benoit and his son Pierre; Aur regional exploration manager Don Bubar …
Obituaries (July 31, 1989)
Lu Bayrock died recently at his home in Vancouver after a battle with cancer. A quaternary geologist, he successfully used his knowledge of glaciation as a consultant to the mining industry. He was cl…
Safest mines honored
The Mines Accident Prevention Association of Ontario has made its 1988 awards to the province’s safest mines. Falconbridge Ltd.’s Sudbury operation won for the safest underground mine employing more t…
Gold funds as of July 25
MPV BGR Central Capital Net value $11.96 $ 6.01 $0.57 Price $10.125 $ 5.62 $0.33 Discount 15.34% 6.4% 42% Value $71,186,209 $101,248,732 N/A…
Mine rescue champs photo
The team from Afton Operating Corp. won the recent provincial mine rescue competition in Prince George, B.C. The winners are: (back row l to r) Doug Birkenhead, Brian Hurren, Mike Logan, Arne Von Mayd…
SouthernEra deal
SouthernEra Resources (TSE) has completed a private placement of 750,000 units at 25 cents per unit with SPNA Syndicate. Each unit consists of one common share and a half share purchase warrant. One …
Report from Australia Uranium policy review
It seems that the anti-uranium wing of Australia’s governing party has again succeeded in delaying any change in the current restrictive policy on uranium mining. A special Labour Party committee was …
INSIDER TRADES (July 31, 1989)
Aurizon — F. Lang bought 30,000 (June) @ $26 to hold 608,763. Dauntless Dev. holds 285,758. Cane — Jonpol bought 86,000 (June, private) @ 8 cents to hold 1,000,000. Coral Gold — G. Greer holds 1,8…