McCoy/Cove production growing for Echo Bay
First quarter gold production rose by 12% for Echo Bay Mines (TSE) thanks largely to a major expansion program under way at the company’s McCoy/Cove mine in Nevada. Echo Bay’s total quarterly gold pro…
News
Belmoral looks for turnaround
The chairman of Belmoral Mines (TSE) is the first to admit 1988 was not a memorable year for his company. Kenneth Dalton, addressing shareholders at the annual meeting, said, “most of our projects hav…
Ventex options claims near Lac St. Jean
Timmins-based Ventex Energy Ltd. (VSE) has acquired the right to earn a 25% interest in 247 claims in the Lac St. Jean area of Quebec. The vendor, 133872 Canada Inc., is a private company controlled b…
Brenda to close Peachland mine by end of 1990
Reserves at Brenda Mines (TSE) near Peachland, B.C. will be exhausted next year, ending one of the great success stories in Canadian mining history. The porphyry copper deposit is among the lowest gra…
Alberta Stock Exchange Volumes remain low
Investors stayed away in droves this week as the price of gold fell to a 3-year low of $359(US) per oz. As a result, placer gold explorer Integrated Resources of Edmonton, was the session’s biggest tr…
With Hees group in control Westfield plans to be busy
With a new controlling shareholder in command and a number of projects under way in Chile, Great Britain and North America, Westfield Minerals (TSE) will have its hands full for the remainder of 1989….
Coral Gold Corp now listed on TSE
Vancouver-based Coral Gold Corp. (TSE) became listed on the Toronto Stock Exchange May 3, issuing 10.5 million common shares. A further 304,000 shares have been reserved. Coral is also listed on the V…
Dumagami delays law suit, as Invesfor awaits merger
Toronto-based Dumagami Mines (TSE) may have opened the door to a settlement with a group of disgruntled shareholders by postponing until June 21 a law suit against Jacques Forget and his investment fi…
Sherritt getting concentrate
Sherritt Gordon Ltd. (TSE) is beginning to receive nickel concentrate from the Redstone nickel mine near Timmins, Ont. The mine is expected to produce 10 million lb of nickel in concentrate per year. …
Montreal Exchange Orex in buying mood
The summer slowdown may have arrived early on the ME, where daily trading volumes during the holiday-shortened week ranged between 4.6 million and five million shares. The market portfolio squeaked ou…
COATS (over-the-counter) Slump continues
Trading was light and mining stocks slid as the market passed another dismal week with investors steering well clear of mining issues. Sindor Resources traded in the $1.22-$1.18 range. Sindor is anxio…
Stocks in nickkel play show decline
With drill results still awaited from a new nickel-copper play near Lac St. Jean, Que., the share prices of several juniors holding property there have faded from earlier levels. Last fall, important…