Vancouver Stock Exchange (January 02, 1989)
With 1988 coming to an end, the Vancouver market trend can only be described as “sideways” which is probably understandable. Throughout the year Prime Group companies have pretty well dominated tradin…
News
Pacific Trans-Ocean officials in post-Ketza limbo
Pacific Trans-Ocean Resources (ASE) President Frank Agar and a number of the company’s leading executives face an uncertain future following a recent bid by Belmoral Mines (TSE) of Toronto for the tro…
Editorial In perspective
For those environmentalists who think mining is nothing more than a blight on the land doing untold damage, consider these numbers provided by the government of Ontario, the country’s most active mine…
Quebec boosts tax deduction for mining-firm investors
Flow-through financing for mining exploration may not be as much in the news as it once was in other parts of Canada, but in Quebec the investment scheme is alive and kicking. Whereas in the other pro…
Freeport/Vananda report assays from Texada Island project
Significant gold, copper and silver mineralization was intersected in recent drilling on the Texada Island project near Vancouver, B.C., a joint venture involving Freeport McMoRan Gold (NYSE) and Vana…
Strong metal prices pull commodity index
A surge in metals prices helped Scotiabank’s all-commodity price index advance by 1.8% in November. Metals prices increased by 6.1% compared with October, while oil and gas, forest products and agricu…
Cross Lake in venture with Golden Dragon
A joint venture agreement has been entered into by Cross Lake Minerals and Golden Dragon Resources (VSE) on a 35-claim property in Wilhemina Twp., north of Timmins, Ont. Cross Lake President R. S. Mid…
Market turns for custom copper concentrates
The non-communist world’s sub-market for custom copper concentrates has developed pronounced “boom-bust” cycles of 3-4 years duration since the oil crisis of 1973, writes Metals & Minerals Research Se…
Tarzan completes phase I drilling on Joburke property
The first phase of diamond drilling has been completed on the Joburke gold property held by Tarzan Gold (ASE) under option from Noranda Inc. (TSE). Located near Timmins, Ont., the Joburke was a former…
BREAKING NEW GROUND
Mining came into the 1980s fat with debt. Now, according to all indications, the industry is closing out the decade lean (in terms of debt-to-equity ratios) and tough (ready to take on the competition…
Letters to the Editor Mining issues in New Brunswick
The editorial “Mining a poor cousin in New Brunswick” (N.M., Dec 12/88) unjustly criticizes the level of funding provided by the New Brunswick Department of Natural Resources and Energy for exploratio…
Mishi Lake get $2.8 million to expand
A budget of $2.8 million has been allocated for additional work on the Mishi Lake gold project of Granges Exploration (TSE) and MacMillan Gold (VSE) near Wawa, Ont. The upcoming work program is geared…