Roddy acquisition
A land position comprising 105 claims near the Copperstone gold mine of Cyprus Minerals near Quartzsite, Ariz., has been acquired by Roddy Resources (TSE). President Steven Harapiak told the annual me…
News
Alberta Stock Exchange Trading lacklustre (May 08, 1989)
Listless trading was the order of the week as investors appeared to be digesting the contents of the recent federal budget. Baloil Lassiter lost ground, as did the other five volume leaders. Lassiter …
World uranium output up slightly in 1988
While the spot price of uranium continued its fall last year, world production of U3O8 in 1988 rose slightly to 96.8 million lb. A number of offsetting factors accounted for the increased world output…
Flagship-Power deal
Flagship Resources (COATS) has sold a 26-claim property in the Beardmore-Geraldton area of Ontario to Power Explorations (TSE). The property, situated in Irwin and McComber Twps., was sold for 200,000…
Editorial Re-defining `Accident’
Two years ago, Brunswick Mining & Smelting paid out $408,000 to its employees who missed time from work because of back-related injuries. More than 2,000 man-days were lost. Last year, that amount was…
March metal prices, commodity index decline
A decline in metal prices in March was partly to blame for the 0.8% drop in Scotiabank’s all-commodity price index during the month. It is the second consecutive monthly decline. Bank economist Patric…
Letters to the Editor Falconbridge offer “too low”: Raglan investor
Your reporting of Mr. Pugsley’s statement on New Quebec Raglan (N.M., April 10/89) was negative, probably truthful, yet poorly timed since it was just one week before Falconbridge made its offer to ac…
Cons. Silver Butte in gas exploration
Consolidated Silver Butte Mines (VSE) has begun to diversify into the petroleum and natural gas business. The company recently acquired a 10% working interest in six sections of oil and gas lands in s…
Budget blues for miners
The huge tax bite in last week’s federal budget has a bright side for the exploration industry, according to analysts at Clarkson Gordon, a Toronto chartered accountant firm. Investors may look to flo…
Toronto Stock Exchange Gold shares dive as bullion hits three-year
A stronger U.S. dollar and mounting signs that inflation is not about to take off, combined to clobber gold to a three year low of $376.50. Today’s London fix managed a small gain to $378.60. The gloo…
MSV seeks funds to bring Eastmain into production
The push is on to raise the $40 million needed to bring the Eastmain gold project in northern Quebec into production, MSV Resources (ME) reports. President Mario Caron says the directors of MSV have a…
Dolphin expands Nfld. land holdings
Three potential gold-bearing claim blocks have been added to the property inventory of Dolphin Explorations (TSE) in southwestern Newfoundland, the company reports. The Phillips Brook extension, a 46-…