Drill results boost Miligan potential
The latest results from wide-spaced drilling on the Mt. Milligan gold-copper project near MacKenzie, B.C., have Continental Gold Corp. (VSE) projecting a substantial increase in reserves. As operator …
News
Earnings Report (May 22, 1989)
First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million or 11 cents per…
CDDa safety award winners 1988-89
The Canadian Diamond Drillers Association has been promoting a safer diamond drilling industry for years. As a result, the presentation of the CDDA’s George Lemay safety awards are invariably a highli…
Placer Dome will need new mines to maintain existing production
With consolidated gold output expected to breach the one million ounce mark this year, Placer Dome (TSE) will have to find new reserves and develop new mines at a break-neck pace just to maintain exis…
Alberta Stock Exchange Guiness recovers
Gains were small on the Alberta Exchange during a week that featured mild trading and little investor interest. Volume leader was Baloil Lassiter with 676,000 shares changing hands although the issue …
Januard resigns as head of Total Energold
Just hours after its annual shareholders meeting was concluded, Total Energold Corp. (TSE) announced the resignation of Jean-Pierre Januard as president and chief executive officer. At the meeting, Ja…
De Beers subsidiary moves in equipment
A Canadian subsidiary of De Beers Mining, the South African diamond producer, has apparently moved some processing equipment into the Prince Albert area which could be used to recover diamonds from ki…
1989 rebuilding year for Pioneer
A key item on the 1989 agenda for Pioneer Metals Corp. (TSE) will be rebuilding financial strength, President Robert Willis told shareholders at the recent annual meeting. The company’s financial diff…
Spot prices at a glance (May 22, 1989)
Price Week’s ($US) Change($) Gold* 373.70 — 4.40 Silver* 5.50 — 0.17 Platinum* 522.90 –11.00 Nickel** 6.24 — 0.16 Lead** 0.29 + 0.01 Cop…
Inca considering production at Rich Gulch
After spending a further $560,000 at the Rich Gulch project last year, Inca Resources (TSE) is looking closely at this California gold project as a possible producer. Inca is 20.5% owned by ABM Gold C…
Montana Resources gets $100 million from Asarco
A partnership is being formed by Montana Resources and Asarco Inc. to own the former’s Montana copper-mining business. Asarco will purchase a 49.9% interest in the partnership, with Montana Resources …
Minnova drops lawsuit against Pacific Minesearch
Legal action initiated by Minnova Inc. (TSE) against Pacific Minesearch (VSE) was dropped as the two companies worked out a mutually accept able joint venture agreement on the Victory project near Bar…