Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
News
Puffy Lake Impacts Pioneer’s Bottom Line
Faced with the uncertainty of operating the Puffy Lake mine economically, Pioneer Metals Corp. (TSE) has reduced the carrying value of the mine in its financial results for the year ended Dec 31. The …
Goldex agrees to expand Dubuisson Twp. interests
Toronto-based Goldex Mines (TSE) is expanding its Val d’Or, Que. interests to include a couple of exploration properties controlled by Ormico Exploration Ltd. (ME) The Goldex Extension and Thompson Ri…
Letter to the Editor NWT government supports Colomac
I would like to draw your attention to a misleading statement in the March 13 issue of The Northern Miner. In the article entitled “Northgate loan bails out Neptune,” you stated: “Northgate emerged as…
Montreal Exchange Quiet market scene
Chalk it up as a fairly tranquil week on the exchange, with gold continuing to languish below $400 (US) per oz and investors expressing concern about higher interest rates and the direction of the eco…
Editorial The courage to cut debt
This country is blessed with an abundance of rich natural resources. Given a down-to-earth fiscal policy, there is no reason why we shouldn’t continue to grow and prosper for years to come. But this…
Alberta Stock Exchange Borealis arrests fall
Calgary-based Borealis Exploration took some measure of revenge on the short sellers who have contributed to the issue’s recent decline. While the company is attempting to secure the necessary financi…
Victoria encouraged by graphite showings
Significant intersections of graphite mineralization have been reported by Victoria Graphite (COATS) of Ottawa from its property near Portland in southeastern Ontario. Fifteen holes were drilled in th…
Despite remote location Sulphurets’ Kerr looks viable
A preliminary economic appraisal of the recently- discovered Kerr copper-gold deposit has Sulphurets Gold Corp. (VSE) confident the deposit could be mined profitably despite its remote northwestern Br…
Toronto Stock Exchange High rates to blame for dull trading
Investors, spooked by sky-high interest rates, continued to shun the equity markets. Listless, dull trading was the order of the day as only 19.8 million shares exchanged hands. A small 3.55-pt gain w…
Spot prices at a glance (April 10, 1989)
Price Week’s ($US) Change($) Gold* 384.40 +1.10 Silver* 5.80 — 0.03 Platinum* 524.75 +1.25 Nickel** 7.02 — 0.15 Lead** 0.26 –0.01 Copper- 1.4…
Syngold underground program finds continuous ore grades
Underground exploration has established ore grade continuity over mineable widths at the Donalda mine property where partners Syngold Exploration (TSE) and partner Minnova Inc. (TSE) are involved in a…