COATS Trading Features (July 04, 1988)
South American Goldfields was busy at 95 cents on news that Denison Mines plans to form a joint venture with the company to explore four concessions in Guyana for gold. Denison can earn a 60% interest…
News
Development by Denison to hit into Canuc ground
Development headings being driven by Denison Mines (TSE) are expected to enter into ground controlled by Canuc Resources (TSE) by year-end, shareholders learned at the company’s annual meeting. Alan S…
Goldpost estimates 1989 cash flow of $9 million
With operating costs of $57 per ton on a 500-ton-per-day basis indicated by engineering studies, Goldpost Resources (TSE) could achieve cash flow of $9 million in 1989 when production of 25,000 oz gol…
Letter to the Editor VSE computerized trading
We refer to your June 13 issue on Junior Mining, and the article “VSE: Top Junior Resource Market Still Setting Records.” We were pleased to have the opportunity to bring your readers up-to-date on th…
Kleenex not needed at Metall meeting
With copper production underway at the Ok Tedi mine in Papua New Guinea, and a couple of new gold and base metal mines in the pipeline, there was little danger than shareholders at Metall Mining’s (TS…
Grab Samples (July 04, 1988)
In an embarrasing move to Banque IndoSuez, the convertible debenture kings of Canadian mining finance, the Swiss National Bank has killed IndoSuez’s latest bond deal. Client Galactic Resources, via Ga…
Prospectors net $9 million to explore ’30s copper mine
Long-time followers of the industry hold onto your hats. Prospectors Airways, an old name from the dirty 30s, has resurfaced on the Vancouver Stock Exchange. (The original Prospectors Airways surren…
Surf Inlet seeks partner to explore Matachewan bet
A new company may be joining the exploration team in the search for gold at the Princess Royal Island claims in British Columbia’s Skeena division, shareholders of Matachewan Consolidated Mines (TSE) …
Cassiar purchases Newmont subsidiary
Cassiar Mining (TSE) has acquired Similco Mines, a wholly-owned subsidiary of Newmont Mines, and its principal asset in Canada, the Similkameen copper operation near Princeton, B.C. The $10-million pu…
Vancouver Stock Exchange New listings trade heavily on
With interest rates trending higher and gold slipping below $440 (US), many investors are staying on the sidelines until some positive news emerges. Brokerage month-end has compounded matters further …
FINANCING (July 04, 1988)
ONTARIO Fire River Gold — final rec iss offer 1,000,000 @ $1.25 per sh to net $625,000. VANCOUVER Cheryl — 500,000 sold for gross $1,350,000. Alberta Natural Gas — gross proceeds rec $35,078,507. E…
Metal Prices FREE MARKET (July 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1…