1988

Heavy exploration activity in Northwestern British Columbia for both gold and copper and the promotional abilities of Murray Pezim, can be collectively credited with generating the lion’s share of rec…

Net income of $543,363 (14 per share) on revenue of $5.7 million was recorded by Malartic Hygrade Gold Mines (Canada) (VSE) during the first nine months of 1988, compared with $3.3 million (91 per sh…

Duration Mines (TSE) has reached an agreement with Redpath Ltd., a mining contractor, which will return ownership of the Theresa mine project near Longlac, Ont., back to Duration. Last summer, Redpath…

The value of mineral production in Canada (excluding petroleum and natural gas) totalled a record $17.7 billion in 1987, the Mining Association of Canada reports. Of that amount, the value of gold con…

ONTARIO Augmitto Expls. — final rec iss offer min 750,000 & max 2,000,000 @ $4 per Cl A spec sh to net min $2,760,000 & max $7,360,000. Dynalta Egy — final rec iss offer min 3,000 & max 10,000 @ $1,…

Week’s Price (US) Change Gold (per oz) $425.35 +$ 4.05 Silver (per oz) $ 6.11 +$ .04 Platinum (per oz) $597.00 –$ 5.00 Copper (per lb) $ 1.64 +$ 0.10 Lead (pe…

SISCOE CALLAHAN MINING — Brian Game appointed to the board of directors succeeding Shirley Dyer who has resigned.

A production decision could come in the new year for the Simkar gold project near Val d’Or, Que., Ronrico Explorations’ (VSE) President Donald Kemp told shareholders at the company’s annual meeting in…

A proposed takeover bid (at $1.50 per share) of a junior by Quebec gold producer Cambior Inc provoked a response by the junior, but it wasn’t perhaps what Cambior was expecting. The junior, Nova-Coges…

The Chester Twp. gold project in northern Ontario being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) could be operational by early summer, 1989. Chesbar President J. T. Flanagan sa…

Amer Chromium — Savanna Res bought 500,027 (private) @ 10 to hold 10,410,726. Belmoral — A. Brown sold 16,500 (Oct) @ $1.69-1.85 to hold 1,005,931. F. Brown sold 17,000 (Oct) @ $1.67-1.80 to hold 84…

There was a surprising unanimity of opinion on the future of the United States precious metals industry by key executives at the Northwest Mining Association convention held here recently. A special f…