People (August 14, 1989)
BELLWETHER RESOURCES — Gary W. Daradich appointed a director.
1989
Montreal Exchange (August 14, 1989)
Mining issues active Mining issues again fueled investment activity, with the mining and minerals index on the week jumping more than 154 pts during fairly heavy trading. Volume reached 11.9 million s…
Trader has reserves
Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…
Eastmaque takes on partner for American Girl mine
Although its Kirkland Lake tailings operation will remain wholly- owned, Eastmaque Gold Mines (TSE) has taken on a joint venture partner for its American Girl gold mine located in southeastern Califor…
Correction (August 14, 1989)
Marshall Minerals Corp. (ASE) will receive 65% of the sale proceeds from the Restigouche base metals deposit in New Brunswick. East West Caribou Mining, which will process the ore, will receive 35% of…
Corona drilling Varna’s Mings Bight
Corona Corp. (TSE) has started a diamond drilling program on Varna Gold’s (ASE) Mings Bight property in Newfoundland. Drilling is testing the Lightning zone which hosts three mineralized zones in a se…
Metal Prices PRODUCER PRICES (August 07, 1989)
ALUMINUM: MW U.S. Market US80.25 cents – 82.25 cents per lb. (July 27, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.50-$5.65(US) per lb. (J…
Inco Gold restructuring creates another company
Inco Ltd. (TSE) has made a few modifications to Inco Gold, the company’s wholly-owned gold mining and exploration arm. Inco Gold will manage Inco’s gold properties which are in production or near prod…
Wharf set for record output
After a $9-million capacity expansion last year, Wharf Resources’ (TSE) Annie Creek heap leach mine, a few miles south of this mining town, is on target to set a production record. Wharf is aiming at …
Safest mines in the U.S. honored
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
Vancouver Stock Exchange Alaskan project boosts Fairbanks 50^
It may not be happening in any major way in Vancouver, but brokers here are heartened by the recent upswing in trading activity on the big boards back East. However, unlike several years ago when juni…
Low gold prices forcing closure of MacLellan mine
After much success in reducing costs, improving efficiencies and increasing gold production, LynnGold Resources (TSE) fell victim to plummeting gold prices. After sustaining continued losses at its Ma…