Earnings Report (February 20, 1989)
Battle Mountain Gold (TSE) reports net earnings for the fourth quarter of $12.1 million(US) or 18 cents per share on revenue of $32.4 million compared with net earnings of $17.5 million or 27 cents …
News
Metal Prices PRODUCER PRICES (February 20, 1989)
ALUMINUM: MW U.S. Market $1.02- $1.05(US) per lb. (Feb 2, 1989). ANTIMONY: New York dealer $1.00 cents – $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.75-$6.85(US) per lb (Jan 26, 1989…
Quartz Mountain dissent fizzles
The Supreme Court of British Columbia has dismissed an application by three shareholders of Quartz Mountain Gold (TSE) for an order postponing the company’s annual general meeting until March 6. The m…
Timmins Report Stan West changing DeSantis
If the Porcupine branch of the Prospectors and Developers Association of Canada has its way, prospectors’ licence will be renewable only once every three years, instead of annually as is now the case….
Tundra drilling (February 20, 1989)
Tundra Gold Mines (VSE) is operating two drill rigs on its 2,400-acre McKenzie Break property in Quebec. Drilling has returned encouraging results from two mineralized zones. Results include 1.3 ft gr…
Transgold, Cline program
A $100,000-exploration program has been recommended for the 17-claim Cline East property held by partners Cline Development Corp. (VSE) and Transgold Resources (COATS). Located near Lochalsh, Ont., th…
Deak given right to deal Nuinsco Resources shares
Toronto-based Deak International Resources Holdings has been granted an option to deal its holding in Nuinsco Resources (TSE) to affiliate Deak International Resources. Under an agreement, Deak Holdin…
Toronto Stock Exchange Crumbling gold prices pummel gold index
The mini-rally displayed by the gold and silver index last week came to a quick death today as 95.73 pts were erased from the index, depressing it to 5847.48 pts. In prior days, traders bought in the …
Petromet and partners extend zone at Rambler
Drilling has traced a zone of copper-gold mineralization down dip to a depth of 600 ft on the Rambler property. Situated in Newfoundland, the Rambler property is being explored by a joint-venture grou…
Peopel (February 20, 1989)
ASARCO — William T. Sweat has retired after 32 years with the company.
Winter drilling at Eastmain
A final feasibility study for the Eastmain gold project in northern Quebec will be delayed until the results of a winter drilling program are integrated into the assessment, MSV Resources (ME) reports…
Iskut River road study in progress
Vancouver- based Thurber Consultants Ltd. has been selected to lead a $75,000 study of potential resource road access into the remote Iskut River area in northwestern British Columbia. The study is to…