News


James Y. Murdoch, 1890-1962

A lawyer by profession, James Y. Murdoch, who became first president of the fledgling Noranda Mines in 1922, at the age of 32, was one of the greatest builders Canada ever produced, not just a mine-…


Jerome Gold buys reprieve as reserve hunt continues

After persuading E.B. Eddy Forest Products to extend the deadline for an option agreement at the old Jerome mine near Swayze, Ont., Toronto-based Jerome Gold Mines (ASE) has raised $500,500 to finance…


Goldbank acquires Kamloops prospect

Calgary-based junior capital pool company Goldbank Ventures (ASE) has acquired a polymetallic property in British Columbia’s Kamloops mining division. Goldbank recently staked the 134-claim Mila prope…


H. H. “Spud” Huestis, 1907-1979

The claim to Canadian mining immortality for Herman H. “Spud” Huestis came with his introduction to the world of the large tonnage, low-cost Highland Valley copper deposits in British Columbia, severa…


Monte Carlo deal

Canarub NV, a wholly-owned affiliate of Monte Carlo Gold Mines (ASE) has completed a royalty agreement with the government of Aruba. If Canarub’s properties are ever placed in production, the company …


Queenstake acquires new placer project

In 1989, Queenstake Resources (TSE) intends to expand the present production unit and carry out a phased exploration program to increase reserves on a newly-optioned placer gold property in the Atlin …




Toronto Stock Exchange (January 02, 1989)

Although the markets ended the year with a whimper, most will agree that the year was anything but dull. Today’s 2.28-pt loss to close at 3359.31 pts capped the first post-October 1987 year — one whi…


Casa Berardi shines for Golden Knight

With its Golden Pond mine in Quebec’s Casa Berardi area almost producing at capacity, 1989 should be a good year for Golden Knight Resources (TSE). At the company’s annual meeting in Vancouver recentl…


Montreal Exchange (January 02, 1989)

A quiet market for some months gave way to near non-action during the holiday-shortened Christmas trading week, with the volume on the first trading day after Dec 25 dropping to 1.3 million shares. Ea…


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