A year to remeber
It seems like a bear’s age since Newmont Mining pulled a 1,040-ft hole averaging 0.495 oz gold per ton on its Post deposit in Nevada, but it’s really been less than a year. It’s been a year that would…
News
U.S. REPORT Tri-Valley bulk sampling Alaskan gold property
By year-end, Tri-Valley Corp. expects to pour gold from one of the lode prospects on its Richardson, Alaska project. The California- based public company is carrying out a phased plan to bulk sample u…
Rockford, Ranger merger
Toronto-based Rockford Minerals (TSE) and Northern Ranger Minerals (ASE) recently gained shareholder approval for a plan to combine their assets into a new company called Rockford Minerals Inc. (TSE)….
Toronto Stock Exchange (December 26, 1988)
A year-end rally continued to gain strength as the composite index rolled to a 23.88-pt gain to close at 3354.88 pts on volume of 33.5 million shares. Once again, the major driving force has been the …
Metal Prices PRODUCER PRICES (December 26, 1988)
ALUMINUM: MW U.S. Market $1.10-$1.13 per lb. (Dec 15, 1988). ANTIMONY: New York dealer 95 -$1.00 per lb. (Nov 3, 1988). BISMUTH: New York dealer $6.50-$6.65 per lb. (Dec 15, 1988). CADMIUM: New York d…
U.S. REPORT Amalgamation to consolidate Kettle River mine interests
Shareholders meetings scheduled for mid-January, 1989 are expected to result in the amalgamation of affiliated companies, Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE) and Gold Capital Cor…
Letter to the Editor Gradore was revised
In your answer to a question concerning the shares of Gradore Mines (N.M., Dec 12/88), you state that the company’s charter was cancelled in October, 1972. Actually, the charter of Gradore was revised…
Alberta Stock Exchange (December 26, 1988)
Alberta saw a sudden surge in volumes this week following news that the Canadian dollar has stabilized on foreign exchange markets. Bitech Energy Resources was easily the volume leader in the mining a…
Skyline modifying milling process at Johnny Mountain
A number of modifications to the 300-ton-per- day mill operating at Skyline Explorations’ (TSE) Johnny Mountain mine in northwestern British Columbia are expected to increase recoveries to 90% and bri…
News in Brief (December 26, 1988)
Consolidated P.C.R. Industries has changed its name to Oregon Resources Corp. (ORE:VSE) on a share-for-share basis. News in Brief Thor Gold has changed its name to Solomon Gold Corp. (SGT:ASE) on a sh…
U.S. REPORT Northern Dynasty producing from underground/heap leach
As operator and 43%-owner of the Little Bald Mountain mine in Nevada, Northern Dynasty Explorations (TSE) is expecting to produce 7,000 oz of gold during the 1988 season from the combined underground/…
U.S. REPORT (December 26, 1988)
U.S. Gold Corp. (NASDAQ) has completed a $12.75 million(US) private placement. Combined with an $18 million gold loan, the financing will provide the required funding for the expansion of a gold minin…