Gold funds as of March 7
BGR Goldcorp Central MVP Capital Net value $11.99 8.83 6.44 0.80 Price $9.75 5.875 5.62 0.62 Discount $ 18.68% 33.5% 12.7% 22….
News
Photo by George Onuska (March 13, 1989)
Maurice Brown, right, publisher emeritus of The Northern Miner, was presented with a distinguished service award by the Prospectors and Developers Association of Canada at the association’s annual ban…
Cominco/Redfern reserves
Inferred reserves at the Tulsequah Chief project in northwestern British Columbia have been calculated at 1,602,000 tons of 2.39% copper, 1.09% lead, 5.45% zinc, 0.078 oz gold and 2.58 oz silver by Co…
FINANCING (March 13, 1989)
Hisway Res Corp — gross proceeds rec $270,000. Sheba Copper Mines — gross proceeds rec $316,867.08 Premier Gold Res Inc. — min 500,000 offered @ 45 cents per sh. Golden Grail Res — 650,000 offere…
Obituary Charles McLachlan
Charles Gordon McLachlan, the 1956 recipient of the International Nickel Medal for distinguished service to the Canadian mining industry, has died. Born in Vancouver, B.C. in 1896, “Mac” served as a d…
Tin conference (March 13, 1989)
Metal Bulletin is organizing a tin conference from June 25-27, at the Golden Sands Hotel in Penang, Malaysia. For more information contact, Diana Little, Metal Bulletin Conferences Ltd., Park House, P…
Placer Dome in sulphur
Placer Dome Inc. (TSE) has entered into a joint venture agreement with two Australian mining companies, Gold and Mineral Exploration N.L. and Laverton Gold N.L., to explore their Mustang Draw sulphur …
People (March 13, 1989)
SEVERIDE RESOURCES – Timothy Hoars appointed a director succeeding Murray Sinclair.
Correction (March 13, 1989)
The tonnage range given for the sulphide lenses on the Cominco/ Redfern Tulsequah Chief project was misstated (N.M., Mar 6/89). In fact, the sulphide lenses ranged from 50,000 to 400,000 tons.
Coxheath problems
Low mill recoveries have forced Coxheath Gold Holdings (TSE) to lay off 63 employees at its Tangier gold mine operation in Nova Scotia. As a result of the low mill recoveries, Coxheath has reduced its…
London analyst has high praise for Galactic
The London bureau of Yorkton Securities has issued a glowing report on Galactic Resources (TSE) and its new gold mine. Claiming the “skeptics have been proven wrong about the Ridgeway gold mine,” York…
MacLellan production up
The MacLellan gold mine near Lynn Lake, Man., produced 55,188 oz of gold in 1988 — up almost 40% from the 39,624 oz produced in the previous year. Credit for the turnaround goes to LynnGold Resources…