Aur gold output below expectation
Aur Resources (TSE) may have struck a major exploration success at its Louvicourt Twp. massive sulphide discovery last year, but in 1989 the company also struggled with another project in the Val d’Or…
News
Adrian agreement is terminated
A new development is threatening Adrian Resources’ (VSE) tenuous hold of key ground in the Eskay Creek area north of Stewart, B.C. The company was recently advised that its agreement to earn a 50% int…
Alberta Stock Exchange Kingswood active (February 26, 1990)
A volume leader for the week ended Feb. 20 was Toronto-based Kingswood Explorations, which saw more than a million of its shares traded to close at 87cents. That’s a gain of 30cents from last week’s p…
Kingswood pulls good values on Devon bet
Toronto-based Kingswood Resources (ASE) has reported encouraging gold values from two recently completed holes on the Devon property in Beatty Twp., east of Matheson, Ont. Kingswood is earning a 70% i…
Pegasus breaks records
Record production, revenues, and cash flow were reported by Pegasus Gold (TSE) for the year ended Dec. 31. Pegasus produced 341,400 oz. of gold for revenues of US$178.4 million and cash flow of US$59….
Goldteck drilling placer bet in Chile
Drilling of 353 holes in an on-going program of placer gold exploration in central Chile has been completed by Goldteck Mines (TSE). The company reports 40% of the holes were gold-bearing. One of the …
Uranium Institute holds symposium in September
The Uranium Institute’s 15th annual symposium will be held in London, England, Sept. 5-7. Topics include nuclear electricity costs, the environmental imperative for energy supply, recycling nuclear fu…
Mineral production in Que. up 13%
Mineral production in Quebec during 1989 increased on average by 13%, while sales of the province’s minerals rose by 3.8%, to $2.8 billion, from 1988 levels. Sales of copper, zinc and gold rose by 26%…
Vancouver Stock Exchange Bulls favor the yellow metal
Despite continued strength in gold bullion prices, the Vancouver Exchange followed the New York and Toronto markets’ general direction, dropping 15.34 points to finish the period ended Feb. 20 at 725….
Inco donates $1 million to Queen’s
A gift of $1 million to provide students in the department of mining engineering at Queen’s University in Kingston, Ont., with modern laboratory facilities has been pledged by Inco (TSE). Spread over …
Equipment exhibition in sudbury June 19-21
The northern Ontario city of Sudbury, Ont., will attract a large number of visitors from other parts of Canada and around the world when it hosts the 1990 Canadian Mining & Industrial Equipment Exhibi…
Ottawa doing away with CEIP
Less than two years after introducing its Canadian Exploration Incentives Program (CEIP), the federal government is eliminating the controversial scheme in an attempt to reduce the burgeoning deficit….