Montreal Exchange Aur chasing Louvem
The market was full of positive news this past week, with the general index gaining more than 30 pts and the mining and minerals index jumping almost 50 pts. Daily volumes were moderate, in the range …
News
Obituary Ralph Mitchell
Ralph “Mitch” Mitchell, involved in moving the Sherritt Gordon plant and town from Sherridon to Lynngold in Manitoba, died recently in The Pas, Man. He was 75. Mitchell was born in Toronto on Dec 13, …
MacLellan production up
The MacLellan gold mine near Lynn Lake, Man., produced 55,188 oz of gold in 1988 — up almost 40% from the 39,624 oz produced in the previous year. Credit for the turnaround goes to LynnGold Resources…
London analyst has high praise for Galactic
The London bureau of Yorkton Securities has issued a glowing report on Galactic Resources (TSE) and its new gold mine. Claiming the “skeptics have been proven wrong about the Ridgeway gold mine,” York…
Duration, Aurogin active at Batchewana
Duration Mines (TSE) is allowing its Theresa gold property to flood as a cost savings measure. The company explains that the cost of keeping the underground workings dry far exceeds the cost of future…
Radisson plans production in August at Duquesne bet
Having acquired a 25% interest in the Duquesne gold project about 19 miles north of Rouyn-Noranda, Radisson Mining Resources (ME) reports it plans to purchase the remaining 75% interest as well. And, …
Noranda exploring Glen Auden property
Exploration work has commenced by Noranda Exploration on the Beatty Twp. gold property near Matheson, Ont., held under option from Glen Auden Resources (TSE) and Golden Dragon Resources (VSE). Ground …
Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…
More high grade gold at Weedy Lake
Drilling is continuing on the Golden Heart deposit near Weedy Lake, Sask., where recent drill holes have intersected more high grade gold values across wide widths, Golden Rule Resources (TSE) says. O…
Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
Larger crusher for Magino mine
A larger crushing unit to boost mill throughput from 400 tons of ore per day to 500 tons will be installed at the Magino gold mine in northeastern Ontario, Muscocho Explorations (TSE) and McNellen Res…
Cyprus adopts protection plan
Cyprus Minerals Company has adopted a complex rights program which its chairman, John Duncan, claims will provide “additional protection against abusive takeover tactics, such as partial tender offers…