Massive looks at Twin Gold
Massive Resources (VSE) plans to increase its interest in the Lingman Lake gold deposit from the currently-held 8%. The interest is indirectly held through equity ownership of Twin Gold Mines (ASE), w…
News
Spot prices at a glance (February 20, 1989)
Price Week’s ($US) Change($) Gold* 381.70 — 8.70 Silver* 5.80 — 0.08 Platinum* 526.75 — 2.50 Nickel** 8.35 — 0.04 Lead** 0.28 …
Earnings Reports (February 20, 1989)
Newmont Gold reports fourth quarter net earnings of $37.2 million(US) or 35 cents per share. For the period a year earlier, the company reported net income of $23.9 million or 23 cents per share. Fo…
Two gold pours for Placer Dome
Already one of North America’s largest gold producers, Placer Dome Inc. (TSE) will be adding two new producing gold mines to its growing roster this month. The newest gold mine in the Placer Dome Grou…
Earnings Report (February 20, 1989)
Battle Mountain Gold (TSE) reports net earnings for the fourth quarter of $12.1 million(US) or 18 cents per share on revenue of $32.4 million compared with net earnings of $17.5 million or 27 cents …
Sudbury Contact options Legacy bet
An option to earn a 60% interest in the McElroy Twp., gold property near Larder Lake, Ont., has been obtained by Sudbury Contact Mines (TSE) from Legacy Explorations (COATS). The agreement, recently r…
Corona offer expires March 7 for Dickenson, Kam-Kotia shares
A former president of Dickenson Mines, (TSE) Arthur White, after whom Dickenson’s Red Lake mine was named, thinks the price being offered in a takeover bid by Corona Resources (TSE) is too low. “I don…
Shareholders applaud changes to Skyline board
The ongoing saga of Skyline Explorations (TSE) played to a full house at the company’s annual meeting held in Vancouver recently. Reginald and Joyce Davis were not re-elected to the board and a propos…
Vancouver Stock Exchange Gold’s decline slows stock trading
With the gold price still fluctuating below the $400(US) level, there was no mistaking the downward pressure on gold issues in recent trading here. Non-resource stocks appear to have dominated trading…
Piedmont’s Haile gold mine has large exploration potential
The axiom that mines are made and not found holds true for Piedmont Mining (NASDAQ) and its Haile gold project in South Carolina. Now ranked third behind the Ridgeway mine (BP/Galactic) and the nearby…
Vedron defining Timmins reserves
Exploration work on Vedron Ltd.’s (TSE) Timmins property is now geared to defining mineable reserves that are easily accessed by the current underground ramp, the company says. Until mid-September las…
McAdam completes financing deal
A funding agreement has been concluded with 1988 (No 3) Mintax Mineral Ltd. Partnership under which Mintax will be issued flow- through shares at an aggregate subscription price of $1.5 million, McAd…