Puffy Lake Impacts Pioneer’s Bottom Line
Faced with the uncertainty of operating the Puffy Lake mine economically, Pioneer Metals Corp. (TSE) has reduced the carrying value of the mine in its financial results for the year ended Dec 31. The …
News
FUTURES PRICES (April 10, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 128.50 128.20 128.30 — 10.60 May 129.10 126.70 128.20 — 9.20 Jul 122.20 120…
Montreal Exchange Quiet market scene
Chalk it up as a fairly tranquil week on the exchange, with gold continuing to languish below $400 (US) per oz and investors expressing concern about higher interest rates and the direction of the eco…
FINANCING (April 10, 1989)
VANCOUVER Big Creek Res — 200,000 sold for gross $90,000. Bunker Hill Mng Co — opt exerc on 40,000 @ $3 per sh. Golden Rainbow Res — 500,000 sold for gross $160,000. Goldrite Mng Corp — opt exerc …
Bresea issues shares to ease debt problems
Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…
Letter to the Editor Heather was manager of Madsen Red Lake
I read with interest your obituary on Allison Heather in the Mar. 20, 1989, issue. However, there was one glaring inaccuracy which I would like to correct. Mr Heather was never manager of Madsen Red L…
Editorial World class?
There have been many horror stories in this country in the past year about premature feasibility studies that over-estimate grade and mineable reserves but under-estimate capital and production costs….
Maufort on own at Siscoe project
Sole ownership of the Siscoe project near Val d’Or, Que., remains with Maufort Resources (ME), the company says. Maufort says Cambior Inc. (TSE) has withdrawn from the operation of the project and, ac…
Mono Gold completes drilling program
Vancouver-based Mono Gold Mines (VSE) says that a recently completed surface drill program on its Bannockburn project near Madoc, Ont., indicates that more underground exploration is required. Mono Go…
Oglebay Norton profitability buoyed by U.S. steel industry
With the United States steel industry operating at 90% of capacity, the fortunes of Oglebay Norton Company (NASDAQ) have improved dramatically. According to President Renold Thompson, iron ore pellet …
Buyers sniffing at Doe Run
Fluor Corp. has retained two investment banking companies to screen inquiries concerning its 57.5% interest in Doe Run Lead. Doe Run is a major lead producer in the United States. Fluor says although …
Canadian Mining Law
The Canadian Institute of Resources Law has recently started a 2-year research project on Canadian Mining Law. The project, co-ordinated by Barry Barton, will result in a one- volume manuscript on min…