COATS Trading Features (June 13, 1988)
Several issues made gains on COATS this week. Wye Resources traded almost 100,000 share to close at a high of 80 cents . A new president has been appointed to run the company. Also, encouraging result…
News
Starrex has profit
Earnings for the 3-month period ended March 31 totalled $179,000 or 4.4 cents per share, Starrex Mining Corp. (TSE) reports. The profit was generated by gold futures hedging of production from the St…
Despite terrain problems, Casa Berardi still humming
One of the most difficult exploration terrains in Canada continues to attract exploration dollars. Stretching for 60 miles from the Ontario border to Joutel, Que., the Casa Berardi area remains staked…
Tyler/Stockmen share exchange
Stockmen Minerals (ASDE) has entered into a share exchange agreement with Tyler Resources Inc. (TSE) whereby Tyler will become the majority shareholder of Stockmen. Diamond drilling has commenced on t…
Gold fever of the 1800s alive in Australia today
The discovery of gold in Australia, which was greeted with great excitement and frenzied activity almost 140 years ago, changed the face and destiny of a very young nation. It was arguably the most im…
Messeguay results
Further encouraging results have been reported by Messeguay Mines (ME) from its Launay-Privat gold property located northeast of Rouyn-Noranda, Que. The company says hole ML-88-1 (located 200 ft south…
Mining industry thrown an unexpected lifeline by Ottawa
If mining observers were staring into their crystal balls last October and predicting the demise of many junior sector companies, some recent developments are forcing the pessimists to take another lo…
Toodoggone not up to Iskut River
The Toodoggone area north of Smithers, B.C., will place a distant second to the Skyline-Iskut River region in terms of expenditures and exploration activity this year. Cheni Gold Mines’ (TSE) Lawyers …
PRODUCER PRICES (June 13, 1988)
ALUMINUM: MW U.S. Market $1.19-$1.23 per lb. (May 26, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.55-$5.70 per lb. (May 12, 1988). CADMIUM: New Yor…
Amax lacks reserves but shares touted by London analysts
In a recent appraisal of Amax Gold (TSE), London, England- based Barclays de Zoete Wedd says the company suffers from one major problem — it is very short of reserves. While Amax’s Sleeper mine in Ne…
Hot spots are Flin Flon, Snow Lake
As indicated by the number of companies clustered around the Snow Lake area northwest of Lake Winnipeg, in Manitoba there is only one place to be. While government records show that eight other explor…
Ateba leads production comeback in Geraldton-Beardmore aream
Although there have as yet been no major new discoveries in the Geraldton-Beardmore area, there are a number of new developments taking place that hold promise of renewed gold production from that fam…