COATS (over-the-counter) Anglo gains 28 cents
Almost tripling in value, Anglo Swiss Mining topped the most active list for the week ended Nov. 13, as more than 300,000 shares changed hands. Anglo, which gained 28 cents to close at 45 cents, is pr…
1990
U.S. REPORT Rothschild Gold opens in Denver
Rothschild Gold, a wholly owned subsidiary of N M Rothschild & Sons, a U.K-based bank, has opened an office in Denver, Colo. The Denver operation, acting as a centre for all the Rothschild Group’s pre…
Diamond drillers recommend payy raise
The eastern contractors of the Canadian Diamond Drilling Association, based in North Bay, Ont., have recommended a wage increase of 4.2% for its members’ employees, effective Jan. 1. The recommendatio…
ERG buys backshares from Pamour
ERG Resources (TSE) has acquired 6.9 million of its own shares, representing a 62% interest, from Pamour (TSE). The two companies were involved in a gold tailings reclamation project at Timmins, Ont.,…
Noranda hits western limit at Lynne project
Having completed an additional 17 holes on the Lynne zinc property in Oneida Cty., Wis., Noranda (TSE) thinks it has found the western limit of the deposit. The latest results from the exploration pro…
Nebex assay results
Assay results from reconnaissance prospecting and sampling on Nebex Resources’ (ASE) Mos claims in the Yellowknife area of the Northwest Territories have yielded values of 0.04-4.3 oz. gold per ton. T…
U.S. mining’s Hall of Fame conducted in grand style
Our U.S. neighbors have a reputation for doing things up in a rather big way. This would have to include their National Mining Hall of Fame and Museum, already a quantum leap ahead of our Canadian Min…
Placer Dome pursues Courville, takes option on shares of Cache
Interested in the Courville gold project northeast of Val d’Or, Que., Placer Dome (TSE) has agreed to become a major shareholder in Cache Explorations (ME). Cache is earning an interest in the propert…
Dickenson boosts gold output but earnings continue to slip
Increased revenue but lower earnings during the third quarter and the first nine months of 1990 were reported by Dickenson Mines (TSE). The company attributed the improved revenue level to higher gold…
Market slump bring bargains for buyers
Recession woes may have people tightening their belts and investors wary of the stock markets, but economists at the International Bank Credit Analyst say mid-1991 will “see a bottom in world equity m…
NovaGold options more lead-zinc claims
Following its success on the Sewell Brook lead-zinc property in New Brunswick, NovaGold Resources (TSE) has optioned another 27 claims, 25 km east of its recent discovery. NovaGold says the Sears Lake…
Placer Dome’s earnings benefit from sale of Canadian oil and gas
The sale of Canadian oil and gas assets gave Placer Dome (TSE) a large boost to its 1990 third-quarter and 9-month earnings. The major company received $288.5 million from the sale of its oil and gas …