Merger puts Conwest back in mining
“It’s good to see Conwest Exploration (TSE) getting back in the mining business — and with a great mine, a real winner.” So said Graham Farquharson, president and founder of Nanisivik Mines, which op…
News
Toronto Stock Exchange Familiar factors combine to depress share
In a week when the Canadian government was offering a 11.5% return on Canada Savings Bonds, it was hardly surprising that equity investors were taking their profits and sheltering their money elsewher…
Newmont Gold sales record for quarter
North America’s largest gold producer Newmont Gold (NYSE) had a record quarter with gold sales from its Australian and Carlin, Nev., mining operations of 395,700 oz. That represents a 46% increase on …
Metal Prices FUTURES PRICES (May 21, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 123.70 120.20 121.30 + 0.90 June 119.00 117.00 118.30 + 1.90 July 115.10 112.65 114.10 + 1.95 SILVER (in US c…
Insider Trading Wolfin sells portion of Coral Gold shares
Louis Wolfin, president of Vancouver-based Coral Gold (VSE), recently unloaded a significant amount of his direct and indirectly held Coral shares. But with slightly less than two million shares still…
Claude’s Seabee may be the next Saskatchewan mine
Based on the results of a final feasibility study, Claude Resources (TSE) says it has decided to place its Seabee gold project in northern Saskatchewan into production. A 400-ton-per-day mill is plann…
Small drill development by Hydracore
Since 1983, Hydracore Drills has been developing a new drill suitable for drilling on difficult surface setups and which would allow easy movement and repositioning. The result was the Gopher Drill wh…
West coast action a bright spot for some contractors
Times may be tough for the diamond drilling industry, but several contractors are being kept busy working on some high profile exploration and development projects involving both precious and base met…
VSE steps up surveillance
The Vancouver Stock Exchange has recently signed two agreements to strengthen its international securities surveillance capabilities. A memorandum of understanding has been signed with The Securities …
$150,000 in flow-through for Fontana gold project
A maximum of $150,000 in flow-through financing will go toward Jilbey Exploration’s (ME) share of expenses on the Fontana joint venture project in Duverny Twp., Que. CMP 1990 Resource Partnership has …
METALS PRICES PRODUCER PRICES (May 21, 1990)
ALUMINUM: MW U.S. Market US70.75- 73.75 cents per lb. (May 10, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.15-4.25 per lb. (May 10, 1990). CAD…
Core drilling making inroads into geothermal exploration
In the past, geothermal exploration has traditionally been done using large oil field equipment. However, advances in equipment and techniques in wireline core drilling, over the past two decades, hav…