B.Y.G. plans open pit production for Yukon mine
Production at 300 tons per day has been recommended for the Brown McDade gold-silver mine project located 60 km west of Carmacks in southern Yukon, a joint venture involving B.Y.G. Natural Resources (…
News
Ojibway-Faith deal
An agreement has been signed between Faith Mines (VSE) and Ojibway Resources (ME) whereby the former has an option to acquire a 70% interest in Ojibway’s Chaste property north of Amos, Que. The agreem…
Sudbury Contact options Legacy bet
An option to earn a 60% interest in the McElroy Twp., gold property near Larder Lake, Ont., has been obtained by Sudbury Contact Mines (TSE) from Legacy Explorations (COATS). The agreement, recently r…
Delmay options claims
Delmay Mining Corp. (ASE) has optioned its Stitt property near Kirkland Lake, Ont., to Silver Spur Resources (VSE) and Whiskey Creek Resources (VSE). Silver Spur and Whiskey must spend $500,000 each o…
Zenmac dividend
A dividend has been declared by Zenmac Zinc Ltd. (ASE) of 25 cents per share. The record date is Feb 28. The dividend will be paid in the form of a $10 convertible preferred share, paying interest of …
Gold funds as of Feb. 14
BGR Goldcorp Central MVP Capital Net value $11.96% 8.83 6.55% 0.81% Price $9.375% 5.625 5.62% 0.65% Discount $ 21.61% 36.3% 14.1% 19.8% Value …
Metal Prices FUTURES PRICES (February 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb125.80 125.70 125.80 — 7.70 Mar128.45 123.60 123.80 — 7.70 May120.70 117.25 1…
Shareholders applaud changes to Skyline board
The ongoing saga of Skyline Explorations (TSE) played to a full house at the company’s annual meeting held in Vancouver recently. Reginald and Joyce Davis were not re-elected to the board and a propos…
New group bidding on Asamera Minerals
As was widely rumored, a group of senior operating and management personnel at Asamera Minerals (TSE) are interested in taking over the company. They have formed The New Asmin Group which has announce…
LAC nets record gold production
Record gold production of 319,407 oz enabled LAC Minerals (TSE) to earn $45.9 million or 50 cents per share in 1988. This compares to earnings of $41.9 million or 48 cents per share realized in 1987…
Bakra pulls good result from Sannorm gold project
A 61-ft intersection averaging 0.18 oz gold per ton was pulled recently from Bakra Resources’ (VSE) Sannorm property in southeastern Manitoba, the company says. The intersection was encountered by the…
Underground explosion kills two at B.C mine
An underground explosion at the Sulphurets gold project north of Stewart, B.C. killed two men and injured two others. Dead are Claude Weber, a Newhawk/Granduc mine foreman and Otto Sawatsky, a Canadia…