Base metals boom to last through to mid 1989
While the price of gold has been languishing in the $400(US) per oz range, base metals have been on a tear, in particular zinc and copper, and not forgetting nickel which had an unforgettable year in …
News
Prime Resources to trade in February
Shareholders of Delaware Resources Corp. (VSE) and Colossus Resource Equities (VSE) recently voted in favor of a business transaction that effectively merged the assets of two companies into a single …
Mineable reserves up 50% at Neptune’s Colomac bet
Neptune Resources’ (TSE) huge Colomac gold project has just got bigger. Results of a 45,000-ft infill drilling program has enabled the company to announce a 50%-reserve increase at the Northwest Terri…
Editorial Investing in mining’s future
Canada faces a crisis in its ability to maintain a robust metal mining industry, and the cause of the crisis may be more deeply rooted than many are aware. Canadian Mining Association President Norm…
Nevada Goldfields Aurora mill could be utilized by Freeport
An underground drilling program is under way at the southeastern end of Nevada Goldfields’ (NASDAQ) Kingston mine property near Austin, Nev., and initial results from the work are encouraging, says Al…
Montreal Exchange Trading action brisk
Investors were out in strong force during the week, with daily trading volumes ranging between 6.2 million and 9.75 million shares, and both the market portfolio and mining and minerals index capturin…
INSIDER TRADES (January 30, 1989)
American Ore — G. Oughtred bought 800,000 (Niv) @ 30 cents to hold 905,000. Bitech — Pamiba Est. sold 100,000 (Dec) @ 33 cents to hold 457,754. Broulan — H. Grightmire bought 30,000 (Dec) @ $1.62 …
Metal Miners welcome the pressures of prosperity
Mining companies are riding the crest of the economic cycle these days, operating near full capacity and getting the best prices in years for most metals. Base metal miners are enjoying prosperity the…
Galore Creek area very active
Sparked by a number of important gold discoveries in recent years, exploration activity in northern British Columbia has reached record levels — and it could get busier. The latest region to heat up …
Ore Reserve Increase at Gabanintha Mine (January 30, 1989)
A reassessment of the ore reserves at the Gabanintha mine by Dominion Gold Mines of Australia has increased the reserves now drilled out in the current mining area to over 2.2 million tons at an in si…
Michele Gold examines Midland Nickel Corp.
Michele Gold Mines (VSE) has acquired a 6-month property examination right on the Midland Nickel Corp. 7-claim property in Pardee Twp., Ont. The nickel-platinum group metals property is near Thunder B…
Dumagami’s new mine a winner for Agnico
With a 10-year ore supply already in sight and its spanking new 2,000- ton concentrator operating right up to expectations, the Donald J. LaRonde gold-copper-silver mine of Dumagami Mines (TSE) is loo…