Metal Prices PRODUCER PRICES (April 03, 1989)
ALUMINUM: MW U.S. Market US90-94 cents per lb. (Mar 22, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). CADMIUM…
News
Stratabound property yields metal results
With three mills in the immediate vicinity and a winter drilling program now complete, Stratabound Minerals’ (ASE) CNE massive sulphide property near Bathurst, N.B., is beginning to look promising. St…
Vancouver Stock Exchange Guinness rises
High interest rates and fears of a recession continued to keep the investors at bay and put the damper on recent trading activity here. A strong U.S. dollar, weak gold prices, and Easter week compound…
Tri-Valley earnings rebound
Rebounding from heavy write- downs in fiscal 1987, Tri-Valley Corp. (OTC) reported a net profit for its 1988 fiscal year ended July 31 of $47,038(US) or 1 cents a share on revenues of $663,667. In it…
More enouraging results released from Trader bet
Further results have been released from the Ronnoco Gold Mines (COATS) property near Timmins, Ont., where Trader Resources (TSE) is spending $400,000 to drill a mineralized porphyry structure. Toronto…
Trio in Carlin (April 03, 1989)
Trio Gold Corp. (ASE) has acquired a 100% interest in 29 claims near Elko Cty., Nev. The claims are within the prolific Carlin trend, a major geological feature hosting several large open pit gold dep…
Earnings Reports (April 03, 1989)
Conwest Exploration (TSE) reports for the year ended Dec 31 a net income of $12.9 million or $1.01 per share on revenue of $97.7 million. For the same period a year earlier the company reported a net …
Queries orenda Gold no longer exists
I recently inherited 100 shares of Orenada Gold Mines purchased back in 1945. I would like to know if these shares have any current value, and if so, where I can redeem them. R.M., Leamington, Ont. We…
SOQUEM planning return to Quebec’s Abitibi area
A more aggressive SOQUEM (Societe quebecoise d’exploration miniere) may be about to make a return to the Abitibi region, or northwest, of Quebec in search of base metals. The president of SOQUEM, Dr A…
COATS Trading Features (April 03, 1989)
Trading was quiet on COATS this week, but one issue that stood out was Hanson Mineral Exploration with a volume of more than 350,000 of its shares traded at a high of 70 cents . Following an amalgamat…
Octan seeks financing for Bonanza silver bet
Calgary-based Octan Resources (ASE) is attempting to arrange the necessary financing for a 3-year program at its Great Bear Lake silver claims 250 miles northwest of Yellowknife, N.W.T. Last fall, Oct…
Editor’s Note A PIONEER
Franc R. Joubin can say, as few others can, that he has lived “an endless chain of dramatic adventures.” Joubin fathered more than 10 mines and prospected in 60 countries. He’s been shot at and robbed…