Golden Star gives not to Mahdia gold project
Golden Star Resources (TSE) has decided to advance its Mahdia gold property in Ghana to the production stage. At full production, the Mahdia placer mining operation would be capable of producing 60,00…
News
Malartic options key property between Doyon, Bousquet mines
Malartic Hygrade Gold Mines (VSE) has acquired an option to purchase the Ellison gold property from a private company. The Ellison claims are wedged between the Doyon and Bousquet gold mines in Quebec…
Montreal Exchange Market indices off
The market indices headed lower for the week ended Dec 19, although daily trading volumes, ranging between 6.9 million and 9.1 million shares, picked up in strength. The market portfolio dropped almos…
Copper benefitting from low inventories
In assessing today’s markets for the various base metals, an important factor is inventory size. More than a few observers have pointed out how inventories over-all have remained low for the major met…
Metal Prices PRODUCER PRICES (December 25, 1989)
ALUMINUM: MW U.S. Market US73.00 cents – 74.75 cents per lb. (Dec 14, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.40-$4.50(US) per lb. (D…
McAvity still bullish on gold as Biron Bay connection shows (December 25, 1989)
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…
Spirit Lake hole intersects 12 oz gold values across 10 ft
A 7-hole infill drill program completed by Spirit Lake Explorations (ME) has returned a high-grading intersection from the company’s Edwards gold property northeast of Wawa, Ont. Hole 101 intersected …
Lawsuit takes centre stage at Ontex meeting
Ontex Resources (TSE) didn’t have much good news to report to its shareholders at the company’s annual meeting in Toronto this month. The junior company is cash- strapped and entangled in a 4-year- lo…
Road access to Windy Craggy studied
Funding of $50,000 has been made available for studies on road access to the Windy Craggy property in northwestern British Columbia under the federal-provincial Mineral Development Agreement. Situated…
Kewagama sampling vein structure (December 25, 1989)
A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…
Spot prices at a glance (December 25, 1989)
Week’s Price (US) Change Gold* $413.15 –$ 3.95 Silver* $ 5.58 –$ 0.09 Platinum* $513.00 +$ 0.75 Nickel** $ 4.15 +$ 0.09 Lead** $ 0.31 –$ 0.02 Copp…
Editorial What was under the tree
For those who received Christmas gifts that might best be described as useless, consider some of the nifty selections Japanese marketers were able to unload during the holiday season. One that parti…