Adelaide problems ironed out
A settlement has been reached between Gold King Consolidated (VSE) and the mining contractor at the Adelaide Crown gold mine in Nevada. Operations at the mine were suspended recently as a result of a …
News
Alberta Stock Exchange Valdez gains 14 cents
A recent upward trend in the price of gold bullion helped boost the shares of Valdez Gold 14 cents higher to the 44 cents level during the week ended Dec. 24. Valdez, an indirect wholly owned unit of …
Toronto Stock Exchange Profit-takers spell end to brief gold price
It is, as they say, the season to be jolly. But as the Christmas festivities moved into full swing during the week ended Dec. 24, mining executives were contemplating what moves to make after the turk…
Bema completes gold loan
Capital costs for the Buffalo Gulch gold mine in Idaho are being provided to a subsidiary of Bema Gold (TSE) through a gold loan from New York- based Sharps Pixley, a unit of Kleinwort Benson of Londo…
Spot prices at a glance (December 31, 1990)
Week’s Price (US) Change Gold* $376.80 + $4.90 Silver* $ 3.97 — $0.09 Platinum*$416.00 — $7.60 Nickel** $3.76 + $0.09 Lead** $0.28 — $0.02 Copper- $1.12 — $0.01 Zinc– $0.57 — $0.03 Courtesy of S…
Vancouver Stock Exchange Seasonal rally cheers investors
The Vancouver Stock Exchange staged a healthy rally over the period ended Dec. 24, with the Resource Index up over 44 points at 592.42 and the Composite Index up 13.49 at 519.92. Gold also rallied ove…
Pezim wins stay of trading ban
The British Columbia superintendent of brokers consented to the stay of a one-year trading ban recently imposed on Murray Pezim, John Ivany and Lawrence Page until Jan. 11, 1991. The ban was to begin …
Share volumes tumble in market slump
When people can’t sleep at night worrying about their investments, they tend to stay out of the stock markets, says Fred Ketchen, director of equity trading at Toronto- based ScotiaMcLeod Inc. Accordi…
U.S. REPORT Placer drilling on Talapoosa project
An 8,000-ft. drilling program has started on the Talapoosa project in Lyon Cty., Nev. The U.S. unit of Placer Dome (TSE) is the operator on the property and can earn a 51% interest from Athena Gold (V…
New large northern mines challenge industry’s skills
In the far north, 1990 became a year to remember as two of the continent’s largest mines entered production. Heralding in the new decade was Cominco’s (TSE) Red Dog lead-zinc deposit in Alaska, curren…
Memorial scholarships for student engineers
Scholarships and an award program, established in memory of the women students slain at Ecole Polytechnique last year, are available for application. Two scholarships, worth $5,000 each, will be award…
EDITORIAL PAGE 1990 _ a vintage best left on the shelf
It is not a year that everyone will look back upon fondly, but 1990 was nothing if not eventful. Iraq’s invasion of Kuwait is the event that left its stamp most indelibly on the year. It left commodit…