Golden Patricia shaping up as a gem of a mine
Annual gold output from the Golden Patricia mine in northwestern Ontario has exceeded original expectations. The underground mine, owned 100% by Bond International Gold (TSE), produced 49,635 oz of go…
News
Obituary E.J. (Ted) Wade
A sudden heart attack has claimed the life of Toronto consulting geologist Edward Wade. Wade, who worked at various times with Falconbridge Ltd., Lac Minerals and Rio Tinto Zinc, was 49 when he died. …
Alberta Stock Exchange Peter Island up
The junior-oriented Alberta Exchange continues to weather the storm that is wreaking havoc on share prices in Toronto and New York. As indicated by trading volumes this week, Alberta investors continu…
Weaker earnings hurt Inco despite improved dividend
Investors reacted negatively to Inco Ltd.’s (TSE) lower third- quarter earnings by selling off the stock which lost $2 over a 2-day period. The selling was also motivated by the lack of any news about…
Hemlo Gold boosts earnings, gold output at Golden Giant
Gold hedging activity enabled Hemlo Gold Mines (TSE) to earn $10.9 million or 13 cents per share during the third quarter of this year. Despite a drop of $85 per oz of gold during the period, the com…
COATS unaffected by recent market swings
The Canadian Over-the-Counter Automated Trading System, or COATS, was largely unaffected by the recent share price swings experienced on other major stock exchanges during the week. COATS issues had b…
Highland Valley strike settled
The strike affecting operations at the Highland Valley Copper mining and milling complex in the Highland Valley of British Columbia has been settled. According to a spokesman from Highland Valley Copp…
St. Genevieve buys shares in Vauquelin
A private placement has been arranged between St. Genevieve Resources (TSE) and Mines Vauquelin (ME) whereby the former will invest $200,900 in the latter in return for slightly more than one million …
Muscocho still sorting out Magnacon start-up problems
Start-up troubles have tended to slow operations at the Magnacon gold mine near Wawa in northern Ontario but operator Muscocho Explorations (TSE) is confident it will succeed in reaching full producti…
Ego finishes program
A drill program has been completed by Ego Resources (TSE) on the company’s B-B Lake zinc prospect, 15 km north of MacLeod Bay, N.W.T. The final results from a 15-hole program include 12.66 ft grading …
Toronto Stock Exchange Volatility and fear take hold of markets
A bout of very scary trading has taken hold of the markets following the Friday the 13th crash which clipped almost 7% from the Dow Jones index in New York. In Toronto, the sell-off was followed by a …
Vancouver Stock Exchange Confidence restored after mini crash
The Vancouver Stock Exchange rebounded swiftly after the October, 1989, mini market crash that began ominously enough on Friday 13th as a broker’s worst recurring nightmare. But after sweating out the…