Investment City issue considered undervalued
Vancouver-based City Resources (TSE) is attempting to bring what should be British Columbia’s largest gold producing mine into production by October, 1989. Located on the Queen Charlotte Islands, off …
News
Minnova and Rea Gold plan mill at silver bet
Minnova Inc. (TSE) and junior partner Rea Gold (TSE) say a 465-ton-per-day mill could be commissioned and fully operational by mid-June 1989 on the Samatosum project near Adams Lake, B.C. Although the…
Letters to the Editor Supply & demand rules gold price
In a letter to the editor (N.M., July 4), one of your readers attributed the depressed price of gold to market interference by various governments. I don’t doubt that such action takes place, but feel…
Metal Prices FREE MARKET (August 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 9 Aug 8 Aug 5 Aug 4 Aug 3 Copper 1244-1245 1247-1249 1257-1259 1262-1264 1222…
Letters to the Editor Free trade & coal
As you have pointed out in your editorial (N.M., Aug 1/88) coal is a great mineral asset of our country and as a nation we should not ignore it at any time. Brought on stream at the right time any min…
Deep hole on hold, Goldpac
With only 400 ft left to go, and with the core beginning to show the right kind of alteration, Goldpac Investments (VSE) has encountered a 2-week delay in the deep drilling project on its Bar property…
Pelletier reserve estimate announced by Thunderwood
Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) have made an initial reserve estimate at the Pelletier Lake gold property two miles southwest of Rouyn-Noranda, Que. B…
Total Erickson/Agip suspend Mt. Skukum project
When the Mount Skukum mine officially opened in the summer of 1986, it was hailed with great fanfare as the Yukon’s first significant hard rock gold mine. Two years later, the internationally-backed c…
Metal Prices FUTURES PRICES (August 15, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 90.90 90.50 90.75 — 1.15 Sep 91.90 90.15 …
Venturex pulls good hole on El Paraiso bet
Once again some impressive assay results have been reported from a drill program near Vernon, B.C. But this time it’s from the Top claims of Venturex Resources (VSE) and El Paraiso Resources (VSE). Th…
INSIDER TRADES (August 15, 1988)
Augmitto — MVP Capital bought 90,000 to hold 2,825,662. Barron Hunter Hargrave — J. Hargrave sold 68,500 to hold 4,010,200. S. Hargrave sold 42,000 to hold 2,297,200. Beaver — J. Blair sold 51,000 …
Higher gold prices help boost Homestake’s operating profit
Driven by substantially higher income from gold and base metals, Homestake Mining Co. reported a 36% increase in operating earnings during this year’s second quarter. The giant United States mining co…