Equity Silver looks for new reserves
Having achieved its primary objective of efficient, low cost production at its silver/copper/gold mine near Houston, B.C., Equity Silver Mines (TSE) is turning its attention to the search for future o…
News
Earnings Report (May 15, 1989)
Net first-quarter earnings for LAC Minerals (TSE) were $7.1 million or 8 cents per share. Last year, first- quarter earnings were $8 million or 9 cents per share. Revenue was $42.4 million compared …
COATS Quiet mood
A quiet trading mood prevailed on COATS this week. Volume improved modestly for South American Goldfields with trading in the 67 cents -76 cents range, up a nickel from last week. This company is cur…
Metal Prices (May 15, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 9 May 8 May 5 May 4 May 3 Copper 1699-170…
Fairbanks sees bulk tonnage potential in Alaskan gold bet
An over-subscribed initial public offering that raised $5.7 million has Fairbanks Gold (VSE) set to begin a major work program on an Alaskan property where it had previously outlined a significant, ne…
High Frontier drills low gold values
Low gold values have been assayed in drill core returned from a program on the Conglomerate Lake project operated by High Frontier Resources (VSE). The northwestern Ontario property covers two gold sh…
Blackdome costs rise to $244 per oz
Production costs at Blackdome Mining Corp.’s (TSE) gold project near Clinton, B.C., were significantly higher in 1988 even though the mill operated 20% above design capacity. Addressing the company’…
Gold recovery tests continue on tailings of Manitou mill
Testing continues in an attempt to resolve differences in the findings of two research facilities working with material from the Manitou mill tailings near Val d’Or, Que. Operator of the project is a …
Leading investors provide seed capital to McNickel
An interesting cross-section of mining industry movers and shakers have put up seed capital funding for recently-created McNickel Inc. (COATS), which is poised to start drilling this June on its coppe…
Gold, silver Hecla’s `bread and butter’
Diversification into non-metallics remains a key ingredient in Hecla Mining’s (NYSE) current business strategy but the company’s “bread and butter” business is still gold and silver. That probably won…
Bitech ups Nugget Pond gold reserves
Toronto-based Bitech Energy Resources (ASE) has increased the geological reserve estimate for its Nugget Pond gold property in Newfoundland. This represents the second reserve increase the company has…
News in Brief (May 15, 1989)
Strike Minerals (COATS) plans to resume work on its Baden Twp., Ont., gold properties as soon as road conditions permit. Two zones are to be studied. The first is a 100-ft wide carbonated zone that ha…