Flow-through funding off by 75% this year
The amount of venture capital raised for mineral exploration using flow-through shares has plummeted nearly 75% in the first six months of this year, says the Prospectors & Developers Association of C…
News
New mineral incentive program approved by Ontario legislature
Ontario’s new mineral incentive program is nearly ready and will cover eligible expenses retroactively to July 13, the day it was approved in the legislature. “We’ve had two questions since this progr…
Goldteck completes drilling at Belview, Nev.
Goldteck Mines (TSE) has completed a drilling program on its Belview property in the Carlin district of Nevada. The drilling confirmed known reserves on the property but did not add significantly to t…
Gabanintha is a winner for Black Swan Gold
It’s safe to say that Black Swan Gold Mines (VSE) would prefer to have a majority interest in the Gabanintha gold mine 25 miles south of here. But to get the property into production the company (and …
Treminco opens Ptarmigan mine at Yellowknife, N.W.T.
The official opening of Treminco Resources (TSE) Ptarmigan gold mine took place a week ago at Yellowknife. The mill has been operating on a 2-shift basis (afternoon and graveyard) with ore being hoist…
Gold Vessel to earn 49% of Manitou bet
Gold Vessel Resources (ASE) recently agreed to earn a 49% stake in Societe Miniere Louvem’s (TSE) former Manitou base metal mine in Bourlamaque Twp., east of Val d’Or, Que. From 1942 to 1979, before t…
Toronto Stock Exchange Indices (July 31, 1989)
1989 July 25July 24July 21July 20July 19HIGH LOW Composite “300” 3899.77 3893.83 3901.36 3886.15 3872.64 3901.36 3353.13 Metals & Minerals 3316.10 3295.39 3327.60 3309.61 3308.75 3564.92 32…
Aur sizes up Louvicourt deposit
Despite all of the speculation that has accompanied a series of drill results at the Aur Resources (TSE), Societe Miniere Louvem (TSE) project near here, the joint venture is still trying to get a han…
Amax earnings lower in 1989
Although gold production rose 26% for the first six months of this year, Amax Gold Inc. (TSE) reported a decrease in net earnings for both its 1989 first half and second quarter. The company reported …
Easing nickel prices behind lower Inco profit
Lower nickel prices during the second quarter are being blamed for the decrease in earnings at Inco Ltd. (TSE). However, few people at Inco are shedding any tears. For the period ended June 30, the co…
Queries Pelangio-Larder is still active on COATS
I have a number of old stock certificates for the following five companies: Amalgamated Rare Earth Mines (50 shares), Lingnora Gold Mines (1,000 shares), Consolidated Halo Uranium Mines (80 shares), P…
Managing Canada’s Mines Motivation and xperience benefit Detour
Broad operating experience, coupled with an ability to motivate people, has won spurs for the manager at Placer Dome’s Detour Lake operation — considered in the industry to be a tough assignment. “I …