Epoch to drill
Ground exploration by Epoch Capital on properties in Newfoundland has identified several drill targets. On the Lady Pond property, two drill holes will test a geophysical anomaly near old underground …
News
Yukon’s placer operations pour out more gold in 1989 than any year
The Yukon placer mining industry produced more gold this season than in any year since 1917, the head of the territory’s federal placer unit says. Dave Latoski told the 17th annual Geoscience Forum in…
Roxmark feasibility
A feasibility study, which is expected to begin shortly, will review the viability of a tailings recovery project owned by Roxmark Mines (TSE) near Geraldton, Ont. Tailings controlled by Roxmark total…
Spot prices at a glance (December 11, 1989)
Week’s Price (US) Change Gold* $402.05 –$ 8.70 Silver* $ 5.54 –$ 0.07 Platinum* $498.75 –$16.60 Nickel** $ 3.92 –$ 0.25 Lead** …
Thunderwood/Greenstone to drill base metal property in Quebec
Joint venture partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) are planning a $600,000 exploration program this winter on their Scott Lake zinc-copper property near Chibougamau, Que…
Ontario’s annual mines symposium starts Dec 11
Ontario’s annual mines and minerals symposium is being held Dec 11-13 at the Metro Toronto Convention Centre. “The aim of the symposium is to allow participants to learn as much as possible about mine…
Writedown adds to Belmoral loss
A third-quarter net loss of $16 million (41 cents share) was reported by Belmoral Mines (TSE) on revenue of $3.5 million, the loss including a writedown of $15.7 million. For the same three months in …
Sikaman project under construction
Construction is under way at the Bogosu gold project in Ghana, West Africa, Sikaman Gold Resources (TSE) reports. The mine, with open pit reserves (proven and probable) of about 13.3 million tons grad…
Alberta Stock Exchange Montclerg shoots up
The recent gains made by Montclerg Resources seem to reflect investors’ excitement over the company’s acquisition of the former Temagami Gold Mines property in Delhi Twp., near Sudbury, Ont. While onl…
Bank commodity index at virtual standstill
Seasonal strength in energy and agricultural prices in October offset declining metals and forest products, resulting in a slight increase in its all-commodity price index, Scotiabank reports. The all…
Survey of geologists supports registration
A survey of more than 3,000 geologists and other earth sciences professionals in Ontario has produced an overwhelming response in favor of professional registration, the Committee for the Professional…
Newmont quarterly results affected by Peabody plan
Denver-based Newmont Mining (NYSE) reported third quarter net income of $25.8 million(US) or 38 cents a share, compared with a previously restated loss of $52.7 million or 78 cents per share in the …