Short-term outlook bullish for pricy zinc
Look for high prices for zinc to hold up at least for a while longer, say a couple of analysts. Raymond Goldie of the investment firm Richardson Greenshields says the short-term outlook for zinc, whic…
News
Federal-provincial MDAs include extra year for compiling
Five provinces may have thought the 5-year Mineral Development Agreement (MDA) they signed with the federal government in 1984 expired at the end of March, but in reality the agreements have a sixth y…
SOQUEM planning return to Quebec’s Abitibi area
A more aggressive SOQUEM (Societe quebecoise d’exploration miniere) may be about to make a return to the Abitibi region, or northwest, of Quebec in search of base metals. The president of SOQUEM, Dr A…
NO END IN SIGHT
When Brunswick’s No. 12 mine Wcame into production at a rate of 4,500 tonnes per day in 1964, a mine life of about 25 years was forecast. Today, 25 years later, mining at a rate of 10,500 tonnes per d…
Audrey to announce results of Mobrun study
Audrey Resources (TSE) and joint venture partner Minnova Inc. (TSE) are planning to announce a reserve update at their Mobrun polymetallic mine near Rouyn-Noranda, Que. Mine manager Jean Bailly refuse…
Sonora bets on turnaround at Jamestown gold project
Even though Sonora Gold Corp. (TSE) recently announced a $50.6- million write-down in the carrying value of its Jamestown gold mine in California, the company remains optimistic about the future of th…
Editorial (April 03, 1989)
The cost of mining in Ontario is about to go up a notch, and some of the province’s small gold mines will likely suffer most. Unwilling to follow the example set by their base metal brothers by inve…
50 YEARS AGO TODAY IS A WORLD WAR ON THE HORIZON?
Nobody knows with certainty, but everybody is interested in the possibility. If war comes, what then? In the first instance, it would be recognized that such a war would not break on an unprepared wor…
Correction (April 03, 1989)
Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…
Mill. oz gold loan secured by Barrick
Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…
COATS Trading Features (April 03, 1989)
Trading was quiet on COATS this week, but one issue that stood out was Hanson Mineral Exploration with a volume of more than 350,000 of its shares traded at a high of 70 cents . Following an amalgamat…
Canamax to sell Hundere prospect for $10 million
A $10-million offer for its Mt. Hundere zinc-lead-silver project in the Yukon was too good to be refused by Toronto-based Canamax Resources (TSE). After outlining 5.2 million tonnes of grade 18.5% com…