INSIDER TRADES (June 20, 1988)
Amer Ore — G. Oughtred bought 75,000 to hold 205,000. Gldn Briar — Flag Res (1985) bought 16,000 to hold 869,266. Gldn Shadow — E. Rosenberg bought 147,500, sold 175,000 to hold 128,285. Imperial M…
News
Equinox studying chance of new mill
Operating cash flow for Equinox Resources for the six months ended April 30 was $605,000 or 14} per share. Total exploration and capital expenditures were $2.9 million of which $402,000 was expended o…
Montreal Exchange (June 20, 1988)
Better market showing A volatile gold price notwithstanding, the market continued to strengthen this past week, with both the market portfolio and mining and minerals index registering sizable gains (…
Metal Prices FREE MARKET (June 20, 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 1525-1540 1480-1…
Sikaman, Centenary in joint venture
A joint venture agreement has been entered into by Sikaman Gold Resources (TSE) and Centenary International Mining of Australia to develop a base metal property in northwest Australia. Sikaman may ear…
VSE approves cleanup plan
Stung by media criticism over its role in a scam that saw United Services Funds of San Antonio, Tex., defrauded out of millions of dollars, the Vancouver Stock Exchange has approved a “broad action pl…
Newmont’s debt reduction strategy, is paying off
New York-based Newmont Mining is still attempting to recover from a $2.2-billion dividend paid out last October to thwart a takeover bid by Texas oilman T. Boone Pickens. Net income for the three mont…
Balcor drilling extends depth
Diamond drilling has extended the depth of the North Shoot discovery at Balcor Resources’ (VSE) Lasthope deposit in Manitoba. Hole No 175 returned 11.6 ft of 0.26 oz gold and No 180 yielded 10.7 ft of…
Gold Standard files claim over Mercur
Gold Standard has launched a second lawsuit in its bid to regain control of the Mercur mine in Utah from American Barrick Resources. While Gold Standard already holds a 15% net profits interest in the…
Melrose/Placer-Dome Inc. in Blackstock venture
Toronto-based Melrose Resources (VSE) says exploration is about to begin at the Blackstock Twp. property near Timmins, Ont., where the company is joint venturing with Placer-Dome Inc. (TSE). After spe…
People (June 20, 1988)
Quartz Mountain Gold Corp. — David S. Jennings appointed president and chief executive officer.
Davidson shareholders question non-mining deals
Several non-mining investments made by Davidson Tisdale Mines (TSE) came under shareholder attack at the company’s annual meeting. Despite dissension by a minority group, shareholder approval for the …