NovaGold financing (January 02, 1989)
Following the successful completion of a financing, NovaGold Resources (TSE) plans to begin construction at its Murray Brook project on March 1, 1989, President Gerald McConnell says. The final part o…
News
Editor’s Note A WELL-KEPT SECRET
People who trumpet their achievements loudly and long tend to get a might tedious after a while. Industries commit the same petty crime sometimes. In mining, fortunately, we have modest, self-effacing…
Augmitto court case
A statement of defence and a $100-million counterclaim have been filed against Augmitto Explorations (TSE) by Q. C. Explorations (VSE), Gledhill Consultants, Thomas Gledhill and Donald Humby. Augmitt…
Tarzan completes phase I drilling on Joburke property
The first phase of diamond drilling has been completed on the Joburke gold property held by Tarzan Gold (ASE) under option from Noranda Inc. (TSE). Located near Timmins, Ont., the Joburke was a former…
1988 was a year filled with achievement for Cassiar Mining
It’s been a year of considerable achievement for Jim O’Rourke and Cassiar Mining (TSE) whose diversification out of asbestos into copper couldn’t have been timed better. The company finalized the purc…
Investment Comment Unpopular bond a buy?
Investors hunting for bargains among the lesser known gold mining companies might find Bond International Gold (TSE) an intriguing situation. This company is part of Australian businessman Alan Bond’s…
Pacific Trans-Ocean officials in post-Ketza limbo
Pacific Trans-Ocean Resources (ASE) President Frank Agar and a number of the company’s leading executives face an uncertain future following a recent bid by Belmoral Mines (TSE) of Toronto for the tro…
Murdochville to resume production in 1989
Mining operations at the Murdochville copper mine will resume in the first quarter of 1989, Noranda Inc. (TSE) says. The mine, located at Murdochville, Que., was shutdown in April, 1987 after a fire d…
Hemlo puts $28 million into Central Crude play
Hemlo Gold Mines (TSE) is a firm believer in the Mishibishu gold camp west of Wawa, Ont. The big gold miner is taking down a 750,000- share private placement in Central Crude Ltd. (VSE) at a price of …
USMX has net loss for 3 months
USMX Inc. (NASDAQ) of Lakewood, Colo., reports a net loss for the 3-month period ended Sept 30 of $252,000(US) or 2 per share on revenue of $1.81 million. For the same period a year earlier the compa…
Editorial In perspective
For those environmentalists who think mining is nothing more than a blight on the land doing untold damage, consider these numbers provided by the government of Ontario, the country’s most active mine…
Alberta Stock Exchange (January 02, 1989)
In a week when investors were still enjoying the Christmas vacation, volumes were seasonally light and only a handful of issues made any real progress. As losses far outweighed the number of gains dur…