BP, Galactic open Ridgeway in South Carolina
America’s first gold rush began almost 200 years ago in the Piedmont area of the Carolinas; and after a half-century hiatus (production ceased during World War Two), gold mining has made a significant…
News
Metal Prices (February 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 31 Jan 30 Jan 27 Jan 26 Jan 25 Copper …
Correction (February 06, 1989)
Capital costs at the Namew Lake mine in northern Manitoba, totalling $70 million, were shared 40% by Outokompu Mines and 60% by Hudson Bay Mining & Smelting, not 100% by Outokompu as was stated in (N….
Midas begins drilling
A drill program has been started on the Davidson Tisdale gold property near Timmins, Ont., by Midas Minerals (TSE). The 2,500-m program will test for mineralization between the 200-m and 400-m levels …
Internat’l Mahogany acquires interest in Quartz Mountain
Vancouver- based International Mahogany Corp. (TSE) has filed notice with the U.S. Securities and Exchange Commission disclosing it has acquired a greater than 5% interest in Quartz Mountain Gold Corp…
Neptune’s Colomac project at mercy of a frozen road
From the vantage point of a corporate boardroom in downtown Toronto, the plan sounds straight forward enough. Over the next 12 months, Neptune Resources (TSE) will deliver $25 million worth of equipme…
INSIDER TRADES (February 06, 1989)
Augdome — G. Chilian bought 200,000 (amended, Dec) @ 30 cents to hold 700,974. Bitech — G. Angelov sold 83,000 (Dec) @ 55 cents -82 cents to hold 245,924. Breakwater — N. Goodman bought 22,470 (Nov…
Agnico’s exploration
With production at its Telbel gold mine back on track, Agnico-Eagle Mines (TSE) is now turning its attention to outside exploration activities, which are being both broadened and stepped up. Working q…
Belmoral changes terms of Ketza River purchase
Purchase of the Ketza River gold mine in the Yukon Territory by Belmoral Mines (TSE) will go ahead but on different terms from those previously announced. Belmoral Mines Chairman Kenneth Dalton said t…
Cambior backs off from deal to acquire Nova-Cogesco shares
Having failed to obtain at least 90% of the outstanding shares of Nova-Cogesco Resources (TSE) in a takeover bid of the company, Cambior Inc. (TSE) has decided against pursuing its offer. Gold produce…
Editorial Strengths can easily be overlooked
Adversity, they say, builds character. In the case of the mining industry, decades, even centuries, of struggling against the odds to make mines and make them pay has created an industry that enjoys a…
Letter to the Editor Corona confusion (February 06, 1989)
I would like to point out an error in your newspaper which is causing grief and anxiety to Corona Corporation and its shareholders and general confusion in the marketplace. In your dividends section (…