Aur reports decrease in first half income
On schedule to begin production in September at its wholly- owned Kierens project at Val d’Or, Que., Aur Resources (TSE) of Toronto reported a drop in first half earnings. Aur reported net earnings of…
News
Alberta Stock Exchange Baslen trades higher
It was a case of “as you were” in Alberta as most of last week’s most active issues traded ahead of the pack on slightly lower volumes. International Baslen led the way with a 34} increase in its shar…
Glamis to boost production
With two years of life remaining at its Picacho mine in California, Glamis Gold (TSE) hopes to increase gold production to nearly five times the current rate by 1990. Property acquisitions and joint v…
Queenstake gold production may include hardrock mines
Placer gold mining operations will continue to represent Queenstake Resources’ (TSE) principal source of cash flow in the next few years. But revenues from hardrock production could also figure promin…
Drilling for diamonds encourages Glencairn
Glencairn Explorations (ASE) has received encouraging results from a diamond exploration program in Brazil. The company is funding a $213,000(US) exploration effort on the Feijao Cru placer diamond pr…
Editorial Exporti9ng gold to cut the U.S. trade deficit
A better-than-expected further decline in the United States trade deficit has brought euphoria into North America’s leading financial districts. The April figure of $9.89 billion compared to March’s $…
metal Prices FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US} per lb.) Jun 109.00 108.50 108.50 — 3.00 Jul 106.80 102.90 …
Granges contemplating merger
Merger talks between Granges Exploration (TSE) and Hycroft Resources & Development (VSE) have been expanded to include Goldbelt Mines (VSE). The proposed merger is subject to fairness opinions from in…
Cobalt silver gave birth to Ontario’s mining industry
In 1988, the town of Cobalt, Ont., celebrates its 85th anniversary — 85 years of uninterrupted silver production, yielding half a billion ounces. Agnico-Eagle’s emergence as the dominant force in the…
Some 28 juniors active in Nova Soctia exploration
Canada’s ocean playground is tiny — about the size of southern Ontario (55,500 sq km). But with a history of gold production dating back to the turn of the century it has not been overlooked by junio…
NRD signs agreement for more exploration
An agreement covering further exploration of the Pinto gold property located near Val d’Or, Que., has been signed with American Barrick Resources (TSE), Consolidated NRD Resources (VSE) reports. Barri…
New discoveries needed soon in base metals sector
More favorable times have returned for base-metal mining companies, which are enjoying strong commodity prices, but concern about future supplies of the metals seems to be an issue that won’t go away….