Eastmaque output to hit 95,000 oz gold by 1991
Expanding gold production from operations in Canada and the U.S. will lead to annual output of 95,000 oz by 1991 for Eastmaque Gold Mines (TSE), The Northern Miner has learned from Lukas Lundin, presi…
News
Dolphin planning $4-million program for Cape Ray bet
A $4-million exploration budget has been drawn up for 1989 for the Cape Ray gold project of Dolphin Explorations (TSE), the program to include about 30,000 ft of surface drilling. Dolphin has spent ab…
Spot prices at a glance (June 26, 1989)
Week’s Price (US) Change Gold* $365.70 +$ 4.10 Silver* $ 5.24 +$ 0.01 Platinum* $495.60 +$11.85 Nickel** $ 5.24 -$ 0.23 Lead** $ 0.29 -$ 0.02 Copper $…
Dissenters face long battle on Raglan issue lawyer says
A group of New Quebec Raglan Mines (TSE) shareholders who opposed a recent bid by Falconbridge Ltd. (TSE) for the 26% stake in Raglan it didn’t already hold, may receive more for their shares than the…
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 …
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…