Corona has interests in Newhawk, Messeguay
Shareholding positions in two juniors were recently reported by Corona Corp. (TSE). The gold producer announced it will purchase a further 177,830 shares in Newhawk Gold Mines (TSE) through a private …
News
Aur Res./Louvem discovery ripples over Val d’Or camp
Major discoveries like the copper-zinc strike announced recently by Aur Resources (TSE) and Societe Miniere Louvem (TSE) in Val d’Or, Que., tend to have a ripple effect which brings neighboring claim …
Some observers say find the best since Kidd Creek
Mining analysts and industry executives are calling it the most significant base metals strike since the Kidd Creek orebody was discovered near Timmins, Ont., by Texas Gulf back in 1964. The copper-zi…
Battle Mountain to option HSK’s Kirkland Lake bets
A joint venture agreement with the Canadian exploration subsidiary of Texas-based Battle Mountain Gold Mines (TSE) was the main topic for discussion at HSK Minerals’ recent annual meeting in Toronto. …
COATS (Over-the-Counter)
Trading was quiet on COATS this week with share prices generally unchanged to fractionally lower. Last month’s average daily value traded on the over-the-counter market reached a 12-month low of less …
Metal Prices FUTURES PRICES (June 26, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun116.65 115.55 115.70 + 6.85 Jul118.60 115.20 116.00 + 6.60 Sep115.50 112.8…
INSIDER TRADES (June 26, 1989)
Bema Gold — G. Nordin sold 57,000 (May) @ $1.01-$1.05 to hold 545,516. Citadel Gold — Sherfam Ind. bought 833,176 (Apr, May) @ $1.15-$1.50 to hold 4,680,096. Cominco — Teck bought 244,879 (May, pri…
Mines coming to grips with stringent environmental regulations
It’s 1987 and in southwestern Newfoundland, the Hope Brook gold mine is getting under way. But before any surface blasting can be carried out, crews must ensure there are no caribou within a 550-yd ra…
Coeur d’Alene Mines produces gold too
Traditionally known as a silver mining company, Coeur d’Alene Mines Corp. (AMEX) is increasingly being perceived as a significant gold producer. Dennis Wheeler, president and chief executive officer o…
Hall of Fame nominations
The Canadian Mining Hall of Fame will induct eight new members early in 1990 to join the 12 members selected this year. The new members — four living and four deceased — will be honored at a dinner …
IOCC GOLD OPTIONS (June 19, 1989)
Options Open Series Volume Last Interest Aug 370 C . 158 7.00 552 Aug 380 C . 999 4.00 1,792 Aug 390 C . 261 2.50 1,690 Aug 400 C . 167 1.50 2,570 Aug 420 C . 187 1.00 1,49…
The highs and lows of bringing on new gold mines (June 19, 1989)
I would like to share some of the lessons that I have learned in bringing on three new gold mines. Many of the observations that I am going to make may be pretty obvious to some of you. However since …