Editorial There was a doctor in the house
Miners and their families in Faro, Yukon, will be able to rest easier now. A month or two ago in this space we noted the difficulties remote northern communities have in attracting in-residence doct…
News
Fleck option deal
An agreement has been completed between Fleck Resources (VSE) and Consolidated Silver Standard Mines (VSE) which gives Fleck the option to earn a 65% interest in Silver Standard’s Smith property. Loca…
Test mill gets green light at Murgold/Chesbar prospect
Murgold Resources (TSE) President Charles McAlpine had some good news for shareholders at the company’s recent annual meeting in Toronto. He said Murgold and partner Chesbar Resources (ME) have electe…
Capital investment plans Agnico to spend $100 million
“You can’t sit still in this business. But you have to raise money to go forward.” So said Agnico-Eagle’s Paul Penna at the company’s annual meeting, citing expansion requirements that will call for s…
Granges, Hycroft fast learners in Nevada region
In terms of natural beauty it’s safe to say that Mother Nature hasn’t been kind to Nevada. But looks can be deceiving and, indeed, much of the state’s wealth lies hidden beneath its barren, inhospitab…
Denison achieves new safety record at Elliot Lake
Well over one million hours of work without a lost-time accident have been accumulated at the Elliot Lake operations of Denison Mines, establishing a new Canadian mine safety record. According to Coli…
Stuart offers Int. Baslen stake in Hemlo gold claims
An announcement that International Baslen Enterprises (ASE) has been offered the chance to finance a legal fight for control of 148 claims in the Hemlo, Ont., area was enough to ensure a packed house …
Bitech, Greenstone see `89 production at Tache
Bitech Energy Resources (ASE) is targeting late 1989 as a production start-up date for the company’s Tache Lake polymetallic deposit in northern Quebec. Shared equally with Greenstone Resources, (TSE)…
Warm weather expected to boost Ateba
Gold production from the screening and sorting operation of Ateba Mines (TSE) in Beardmore, Ont., was lower during the winter months than originally anticipated. The reason is one of the coldest winte…
INSIDER TRADES (July 04, 1988)
Abbey — S. Spivak bought 7,500 to hold 58,501. Aurelian — R. Martel bought 60,960 to hold 274,269. Dickenson — Brewis & White sold 100,000 to hold nil. Dumagami — Mentor bought 14,500 to hold 190,…
Editorial The business cycle
If there ever was a classic example of the business cycle and its effect on one company, it’s the case of Inco in the 1980s. The nickel producer is flying high now with record earnings and an increa…
Great Lakes Nickel may have new owner
Sale of the controlling interest of Great Lakes Nickel (TSE) to an unidentified resources company may be imminent. President Dennis Wood, speaking at the annual meeting, said a deal, which was to clos…