1989

A big gainer for the week ended Nov 28 was Carolin Mines which tacked on 47 cents to its share price before closing at $1.10, nearly double last week’s price of 58 cents . The company has been re-act…

A drill program by Aber Resources (VSE) is under way on the Victory Lake base metal prospect 40 miles east of Yellowknife, NWT. President Grenville Thomas said the objective is to prove up further dep…

Excellent results continue for International Mahogany Minerals (TSE) which reported net earnings of $3.6 million for the nine months ended Sept 30. Revenues for the period were $21.1 million while cas…

A 6,000-ft diamond drilling program is under way on Greenstone Resources’ (TSE) Lada property, north of the Joe Mann mine in the Chibougamau mining district of northwestern Quebec. The Lada program is…

Recent drilling increased reserves on the Marg property, owned 66.7% by NDU Resources (VSE) and 33.3% by Cameco. The latter company is owned by the federal and Saskatchewan governments. The deposit, i…

Increased production and lower production costs boosted earnings for Equity Silver (TSE) for the nine months ended Sept 30. Earnings reached $12.4 million or 38 cents per share on revenues of $69 m…

Westminer (Canada) may have made a strategic error when they abruptly dropped an option on the Logan gold property here in November, 1988. Their sudden departure, after spending $5 million on drifting…

“Working in the mining industry has enabled me to travel widely, learn a foreign language (Spanish) and meet many interesting and unique people,” says V.E. Smith, operations manager of the Law0000,050…

Litigation has ended between Cameco, Shore Gold Fund (ASE), Golden Rule Resources (TSE), International Mahogany (TSE) and Goldsil Resources (VSE), following the completion of bidding on their Transom …

Assay results were released by Calpine Resources (VSE) for 12 step-out holes completed on the 21 zone discovery at the Eskay Creek property north of Stewart, B.C. Calpine owns 50% and is operator whil…

Excluding non-recurring gains, Placer Dome (TSE) reported consolidated net earnings of $90.3 million or 38 cents per share on revenues of $711.6 million for the first nine months of 1989. This compar…

Ontario Supreme Court recently approved the proposed merger of Neptune Resources (TSE) with three other companies into a single entity controlled by Toronto-based ABM Gold (AMEX). The decision came ju…