1989

U.S. gold output in 1989 to rise to 7.4 million oz

Primary, non-placer gold production in the United States in 1989 will total an estimated 7.4 million oz, up 1.7 million oz from 1988, research company Metals Economics Group of Halifax, N.S., reports….


FINANCING (August 28, 1989)

ONTARIO Canamax Res — final rec iss offer 850,000 @ $1.50 per sh to net $1,275,000 Firesand Res — final rec iss offer 2,400,000 @ 40 cents per sh to net $600,000 VANCOUVER Ravenroc — 1,500,000 off…



Nevada mineral reports

The Nevada Bureau of Mines and Geology is issuing a new series of reports on the mineral and energy resources of the state. The reports contain 1:100,000-scale topographic maps containing information …


Crown Resources gains ground at Buckhorn

Denver-based Crown Resources (VSE) has made several recent property acquisitions near its Buckhorn Mountain project and Strawberry Lake property, four miles west of Buckhorn, in Okanogan Cty., Wash. W…



Bay Resources buys into Foratek Int.

St. Genevieve Resources (TSE) and its subsidiary Bay Resources (ASE) have reached an agreement in principle for Bay to purchase 750,000 shares of Foratek International Ltd. (ME) for $600,000. Bay, whi…


682 ft. 0.88 oz gold Calpine hole kickstarts VSE

Ongoing step-out drilling to test the northeastern strike extent of the 21 zone on the Eskay Creek property is continuing to return both spectacular and significant results. Located in the Unuk River …


U.S. News in Brief (August 28, 1989)

Asarco Inc. has declared a regular quarterly dividend on the common stock of 40 cents (US) per share payable Sept 1 to shareholders of record Aug 7. Asarco increased its quarterly dividend in April af…


HSK plans to earn 50% in Strike bet

Toronto-based HSK Minerals (TSE) has signed a letter of intent to earn a 50% stake in Strike Minerals’ (COATS) Baden Twp. gold property near Matachewan, Ont. Located about 16 km north of Matachewan, t…


News in Brief (August 28, 1989)

Blackdome Mining (TSE) has declared a special dividend of 42.5 cents on its common shares payable Aug 21 to shareholders of record Aug 4. The dividend is subject to an arrangement whereby the company …


PRODUCER PRICES Metal Prices (August 28, 1989)

ALUMINUM: MW U.S. Market US81.00 cents – 82.00 cents per lb. (Aug 17, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.95-$5.10(US) per lb. (A…


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