Roasting Goodman for a good cause
Ned Goodman got off easy as the butt of a recent charity “roast” that might better be described as a tribute to the chairman of Dundee Capital and the driving force behind Corona Corp. for the past ha…
News
Partners buy out Owyhee syndicate
Partners Silver Standard Resources (VSE) and Carlin Resources (VSE) recently acquired Pine Bell Mines’ 15% interest in the Owyhee syndicate for $130,000. The syndicate has a 5% net smelter royalty int…
Seine, new partner acquire Lincoln project in California
By taking on a joint venture partner, Seine River Resources (VSE) was able to complete the US$5 million acquisition of a California gold project which it hopes to develop into a 500-ton-per-day produc…
Gold tumbles
Prospects for peace in the Middle East and concerns about an economic recession combined, analysts said, to depress the price of gold, which at presstime was sitting at US$366 per oz. in London. Gold …
Exploration begins at Jasper mine
Partners Cameco and Shore Gold Fund (ASE) have begun a $357,000 surface and underground exploration program at their Jasper gold mine in northern Saskatchewan. The high-grade mine entered production i…
UBC receives grant from Geddes
Geddes Resources (TSE) is making a $30,000 donation to the University of British Columbia to support glaciology research. The grant will allow the Department of Geophysics and Astronomy to finance res…
EDITORIAL Gold is gold is gold
Institutions can go bankrupt, stocks can go belly-up, currencies can become museum pieces, governments can fall — but gold is gold is gold. There is no way that gold can go bankrupt because gold has …
BOOK BRIEFS (October 22, 1990)
Tunnelling: Design, Stability and Construction, by B.N. Whittaker and R.C. Frith. Published by The Institute of Mining and Metallurgy. Available at IMM North American Publications Center, Old Post Rd….
Global copper smelting needs studied
New global copper smelting capacity, beyond those projects already announced, will be needed by 1993, says a research company from Pennsylvania. The closure of the Bougainville mine (180,000 tonnes pe…
BMR joint ventures America Mine project
A wholly owned unit of NERCO (NYSE) recently entered into a joint venture agreement with BMR Gold (ASE) for ongoing development of BMR’s America Mine project. NERCO can earn a 60% interest in the prop…
Pamour takeover delayed again
Acquisition of a controlling interest in the Pamour (TSE) group of companies, originally scheduled to close on Sept. 27, has been postponed once again. Royal Oak Resources (TSE), which stands to gain …
Goldstrike grades exceed plans says American Barrick
Senior officials at American Barrick Resources (TSE) have moved quickly to quash a recent series of rumors about trouble at the company’s Goldstrike mine in Nevada. Robert Smith, president of American…