INSIDER TRADES (February 20, 1989)
Atlantis — L. Payne sold 300,000 (Jan) @ 80 cents to hold 1,726,245. Barron Hunter Hargrave — J. Hargrave sold 50,000 (Jan) @ 3 1/2 cents to hold 3,040,200. S. Hargrave sold 98,000 (Dec) @ 3 cents …
News
White mine’s output up but operating costs rise
Gold production at the A.W. White mine near Red Lake in northwestern Ontario totalled 70,200 oz last year, up from 63,800 oz in 1987, Dickenson Mines (TSE) reports. During the fourth quarter of 1988, …
DRX to launch control bid for troubled McFinley Mines
New York-based holding company DRX Inc. is preparing to launch a takeover bid for McFinley Red Lake Mines (TSE). Dissatisfied with the lack of progress at McFinley’s Bateman Twp. gold project near Red…
HudBay hammering out loan to modernize Flin Flon project
Hudson Bay Mining & Smelting (TSE) Canada’s third-largest copper and fourth- largest zinc producer, had expected to net $86 million in loans from the federal and provincial governments to modernize it…
Avino to acquire interest in Nevada silver mine
Under the terms of a new 24-year joint venture agreement, Avino Mines & Resources Ltd. (VSE) has taken over as operator of the Wonder silver and gold mine held under option by Belmont Resources (VSE)….
Land use dominant issue at B.C & Yukon mining meeting
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
Market forces send copper prices tumbling
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses, and backwardation on both exchanges seem to …
Imperial studies $135-million plan for Polley
After analyzing the 1988 exploration program at the Mount Polley copper/gold deposit in south-central British Columbia, project operator Imperial Metals Corp. (TSE) says drilling has successfully conf…
Editorial Bringing the past to life
Rosa Brown was no fool. The little old lady who trooped through Kirkland Lake in the years between the two World Wars accompanied by her pack of dogs may have been eccentric, but she was no fool. They…
Battle Mountain earnings climb 25% for the year
Higher production, slightly higher average realized gold prices, gains on foreign currency transactions and a greater return on short term investments boosted net earnings of Battle Mountain Gold (NYS…
eath Steele mine in N ew Brunswick prepares to re-open
Riding the crest of a base metals price increase, Brunswick Mining & Smelting (TSE) (as operator) is about to turn a cash- draining property into a cash generator. It’s not official yet — approval fr…
FUTURES PRICES Metal Prices (February 13, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb133.50 133.50 133.50 — 10.90 Mar132.70 128.20 131.50 — 11.40 Apr126.30 126.30 126….