Innovation rewarded at Redpath
During 1987, the innovation committee at J. S. Redpath Limited was established to evaluate ideas presented by employees. Since that time, many gold and silver coins have been awarded as well as dinner…
News
Cambior gets 30% of Nova-Cogesco
Cambior Inc (TSE) has made an offer to acquire between 30% to 60% of all the shares of Nova- Cogesco Resources (ME) at $1.50 per share. Cambior, which owns about 3.8% of the company, wants to increase…
Rebound in metal prices helps commodity index
An increase in metal and forest product prices offset declines in crude oil and agricultural prices during October and helped Scotiabank’s all-commodity price index advance by 0.9% from the previous m…
Galactic takes $40 million write-down for Summitville
A $40 million(US) write-down has been taken by Galactic Resources (TSE) for its Summitville mine in Colorado. And Galactic chairman, Robert Friedland, is now downplaying the operation’s importance in …
Toronto Stock Exchange Golds and metals provide boost to index
A much-needed 21-pt boost helped move the composite index to a close of 3,294.68 pts. That represents a 48-pt gain during our review week. Today’s gains came on the backs of golds and metals which eac…
Starrex reports profit in 1988 third quarter
Now in its first year as a gold producer, Starrex Mining (TSE) recently reported a third quarter profit of $619,116 or 16 per share. A 35% joint venture partner with Uranerz Exploration and SMDC at t…
Book Review Oil prospecting
Walter Guppy has probably seen more of Vancouver Island than any other prospector alive today and he’s recounted his experiences in a paperback called WetCoast Ventures: mine finding on Vancouver Isla…
Canadian-United says Teeshin option on Dome Mountain project
The fight has been going on for years but Canadian-United Minerals (VSE) may at long last have the upper hand in its dispute with Teeshin Resources (VSE) over the Dome Mountain project northeast of Sm…
Gibraltar mine back in operation
Striking employees of Gibraltar Mines’ (TSE) copper mine and mill near Williams Lake, B.C. accepted an offer by the company to settle a 6 – month work stoppage. Art Brown, mine manager, said the propo…
Little Stu;; cents cents cents rp cents cents ertu gets gppd
Partners Westmin Resources (TSE), Tanqueray Resources (VSE) and Estaurum Mines (ASE) continue to receive encouraging results from drilling on their Little Stull gold property in Manitoba. Results from…
Biron Bay options NovaGold gold bet
A definitive agreement is expected within 3-4 weeks which will see a 78% interest in the Summit gold property in New Mexico go to Biron Bay Resources (TSE) and Steeple Rock Mining in exchange for expl…
Palladium maintains steady support
Not as volatile in the marketplace or as expensive as its sister- metal platinum, palladium nevertheless has achieved a following which is keeping its supply more or less in balance with demand. Tendi…