Stocks in nickkel play show decline
With drill results still awaited from a new nickel-copper play near Lac St. Jean, Que., the share prices of several juniors holding property there have faded from earlier levels. Last fall, important…
News
Spot prices at a glance (May 29, 1989)
Price Week’s ($US) Change($) Gold* 362.50 –11.20 Silver* 5.17 –0.33 Platinum* 486.25 –36.65 Nickel** 5.60 — 0.64 Lead** 0.30 + 0.01 Co…
Copper supply study
A comprehensive copper industry multi-client study was recently released by consulting firm Pincock, Allen & Holt, Inc. of Colorado. The primary supply study contains production cost estimates for mor…
Mother Lode business strategy involves sale of gold properties
Every company has its own approach to minerals exploration and mine development, including San Francisco-based Mother Lode Gold Mines. The company trades on the over-the-counter market in the United S…
Oil shales studied in New Brunswick
Geologists are studying oil shale deposits in New Brunswick to see if they are worth developing, New Brunswick’s Minister of Natural Resources and Energy said recently. “New Brunswick oil shales are t…
Curragh looking for a `$700-million acquisition’
Following the completion of a deal to acquire a 20% interest in Asturiana de Zinc, a major zinc smelting company in Spain, privately-owned Curragh Resources plans to embark on a diversification progra…
Canamax layoffs fuel merger rumor
Recently, executives at Canamax Resources (TSE) Toronto office were neither confirming nor denying a rumor that the company will be merged with Vancouver-based Canada Tungsten Mining Corp. (TSE). The …
Declining gold prices affect Breakwater earnings
Gold’s dismal price performance has taken its toll on the 1989 first-quarter financial results of Breakwater Resources (TSE). The company’s earnings declined to $890,000 or 3 cents per share for the …
Louvem, Cambior close mine deal
The sale by Louvem Mines (TSE) of a 50% interest in the Chimo gold mine at Val d’Or, Que., to Cambior Inc. (TSE) has been concluded, the companies report. Cambior paid $4 million and provided a gold l…
Private placement gives boost to St. George
The latest financial results from St. George Minerals (VSE) show a net loss from operations of $919,253(US) or 10 cents per share for the year ended Jan 31, 1989. The loss is a substantial increase …
Editorial A cheap shot aimed at Ottawa
One is well advised not to look a gift horse in the mouth. So it may not be wise to criticize the Ontario government’s latest budget for the $5 million allocated to various programs, already in place,…
Vancouver Stock Exchange Bettered VSE plunges to new low
Battered by bad press and low gold prices, the Vancouver Stock Exchange struggled through a particularly dismal trading week as share prices fell and volumes declined to bring the VSE Index to a new l…