Fortune Minerals to explore NWT claims
Three mineral properties in the Northwest Territories will be explored this summer by a new company called Fortune Minerals (COATS). The junior explorer recently completed an initial public offering a…
News
Moneta hits at Nahanni
Encouraging gold values have been assayed in a drill hole completed by Moneta Porcupine Mines (TSE) on property held under option from Nahanni Mines (TSE). The claim group straddles a section of the D…
Sikaman exploring Nevada claims
Options to retain a 100% interest in 125 claims in the Gilbert mining district of Nevada have been acquired by Sikaman Gold Resources (TSE). The claims are situated 20 miles north of Tonopah and were …
Cassiar looks to exceptional year
With copper and asbestos prices at their highest levels in years, 1989 could well be another exceptional year for Cassiar Mining (TSE). Indeed, first-quarter earnings of $7.4 million or 40 cents per s…
Books Geochemistry
A new book entitled Geochemical Detection of Volcanogenic Massive Sulphides in Humid-Temperate Terrain was published recently by J. S. Cummings. The text reflects more than 30 years experience in mine…
Royal Gold enters California venture
Denver-based Royal Gold (NASDAQ) has entered into a joint venture agreement with Standard Industrial Minerals of Sparks, Nev., for development of Standard’s Long Valley gold property in California. Th…
Base metals boost American Pacific
The latest financial results from American Pacific Mining (VSE) show sales of $16 million(US) and profits of $6.5 million after tax for the final quarter of its fiscal year ended Feb 28, 1989. The com…
Goldcorp offering
Gold fund Goldcorp Investments Ltd. reports more than 17.5 million A warrants were issued pursuant to its rights offering made to the holders of its A shares, common shares and existing A share warran…
People (May 08, 1989)
RIO ALGOM — R. W. Ballmer appointed vice-chairman and chief executive officer; C. A. Macaulay, director.
Earnings (May 08, 1989)
Conwest Exploration (TSE) reports net earnings of $7 million in the first quarter of 1989 or 54 cents per share. That’s up from the first quarter of 1988 when net earnings were $4.3 million, or 35 ce…
Rayrock Yellowknife looking good for `89
With a large and diversified exploration portfolio, a bulging treasury ($47.5 million cash), with production, revenues and profits all on an upswing, this should be an exciting year for Rayrock Yellow…
RFC to re-open former zinc mine
Following a trend established in the gold mining industry, base metal producers are beginning to look at re-activating old mines. Companies are taking a hard look at old zinc producers like the Pend O…