Report from Australia Uranium policy review
It seems that the anti-uranium wing of Australia’s governing party has again succeeded in delaying any change in the current restrictive policy on uranium mining. A special Labour Party committee was …
1989
SouthernEra deal
SouthernEra Resources (TSE) has completed a private placement of 750,000 units at 25 cents per unit with SPNA Syndicate. Each unit consists of one common share and a half share purchase warrant. One …
Taywin drill program yields good results
A drill program at Taywin Resources’ (VSE) Merry Widow property south of Port McNeill on Vancouver Island has returned some interesting gold values. Indeed, the gold discovery is one of the more excit…
U.S. Gold Corp. wins control of Atlanta Gold
In a dispute taken to the Supreme Court of British Columbia, U.S. Gold Corp. (NASDAQ) has emerged with a ruling allowing it to effect a change in control of Atlanta Gold Corp. (TSE). The company succe…
Premier Gold mill at design capacity
Project operator Westmin Resources (TSE) has reached the design capacity of 2,000 tonnes per day at the Premier Gold mine near Stewart, B.C. The new open pit gold-silver mine is owned 50.1% by Westmin…
Canadian gold mines keeping costs down
In terms of cash operating costs per oz, many Canadian gold mining companies still rank among the lowest cost producers in the non- communist world. According to Consolidated Goldfields’ Gold 1989 pub…
Homestake’s gold output up by 27%
Second-quarter earnings for Homestake Mining Co. (NYSE) increased 9% to $20.9 million (or 22 cents a share) from $19.2 million (or 19 cents a share) in the same period last year. The gain reflects a…
INSIDER TRADES (July 31, 1989)
Aurizon — F. Lang bought 30,000 (June) @ $26 to hold 608,763. Dauntless Dev. holds 285,758. Cane — Jonpol bought 86,000 (June, private) @ 8 cents to hold 1,000,000. Coral Gold — G. Greer holds 1,8…
Kennecott Corp. reborn after RTZ takeover
A new, but time-honored name has been resurrected for BP Minerals America following its takeover by the giant RTZ Corp. The company will now be known as Kennecott Corp. and operate as a wholly- owned …
Alberta refuses to lift Shabu cease trading order
Shares of Shabu Gold Mines (ASE) cannot resume trading on the Alberta Stock Exchange until officers of the company file a new prospectus, the Alberta Securities Commission has ruled. After a 3-day hea…
Editorial Northern spirit
Mining men and women have always had to face the vagaries of Mother Nature not only underground but on land as well. Imparted with a pioneering and adventuresome spirit, such people faced hardships in…
Malartic gains Val d’Or gold property from Audet
Malartic Hygrade (VSE) has acquired from the Audet family, a 20-claim property in Bourlamaque Twp. Que., two miles east of the Sigma and Lamaque mines in Val d’Or. The claims are within 10 miles of th…