Editorial Mining under attack in South Dakota
A proposed moratorium on new mine development in South Dakota is not the first political blow to be felt by the mining industry in the U.S., but it could prove to be one of the most telling. Many in t…
News
Mimiska earns in
Mimiska Mining (ME) has earned a 50% interest in the Pyrite Falls project in Labrador. Noranda (TSE) holds the remaining 50%. Gold values have been encountered in wide-spaced drilling completed on a s…
Toronto Stock Exchange Indices (January 29, 1990)
1989 Jan. 23Jan. 22Jan. 19Jan. 18Jan. 17HIGH LOW Composite “300”3812.683801.513865.073857.393872.274009.473801.51 Metals & Minerals3090.563068.083115.733143.113137.043453.053068.08 Integrated mines…
Vancouver Stock Exchange Kokanee helped by Sillivan-type’ find
Uncertainty about the direction of the economy is continuing to take its toll on equity markets and base metal prices. Unless some positive indicators appear soon, analysts predict a gloomy scenario o…
Investors send gold soaring
The price of gold was on a tear upwards and the stock markets in retreat today, Jan. 24. Gold, which spent more than a few months last year below US$400, rallied today in London, where the afternoon f…
Insider Trading Thunderwood insiders sell shares as outlook
As the price of gold has risen and then stayed above the US$400 per oz. level, so too have the share prices of a few select gold explorers with known gold deposits and cash in the bank. Shares of Toro…
Asamera still for sale
Although the sale of Asamera Minerals (TSE) recently fell through, the company says it has received indications of interest from various parties regarding the purchase of the company. Corona (TSE) had…
Record earnings for Cyprus
Earnings of US$250.1 million, or US$6.06 per share, were reported by Cyprus Minerals (NYSE) for the year ended Dec. 31. The record earnings compare with 1988 earnings of $170 million, or $4.21 per sha…
Editorial International perspective
It’s an indication of just how international this business has become that a geologist, born and trained in Chile, who has worked most of his professional career in the U.S., is appointed to the top e…
Thunderwood to be operator at Falconbridge gold bet
An amended agreement between partners Thunderwood Resources (TSE) and Falconbridge Ltd. has paved the way for renewed exploration at the Pelletier Lake gold project near Rouyn-Noranda, Que. After a ye…
Horsham shares trade on New York exchange
Common shares of Toronto- based Horsham (TSE), the company that controls American Barrick Resources (TSE), were listed for trading recently on the New York Stock Exchange. In addition to a 22% stake i…
Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…