Editorial Oh for more “One-Share Sweeneys”
With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…
News
Canadians find gold on Aruba (See Box)
Gold mining in Canada was never, ever like this — on a beautiful island with nearby clean white sand beaches stretching for miles and washed by warm, crystal clear aqua-blue water. About 20 miles lon…
Gold fever continues
Everybody’s favorite metal, gold, continues to seek new levels, with the price soaring this past week to the $440-$450(US) per oz range. With a weakened American dollar and the announcement of a highe…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (April 20, 1987)
April 14 April 13 April 10 April 9 April 8 Gold London Bullion Dealers afternoon (morning) $US per oz. 442.40(440.25) 435.90(436.50) 431.60(432.30) 421(421.50) 420.50(423.20) Gold Bank of Nova Scotia…
Whim Creek consortium buying Aussie company
Whim Creek Consolidated, acting on behalf of a consortium, has signed a deal with C.R.A. Ltd., to purchase all the shares of Forrest Bay Pty. for $76.5 million. Members of the consortium include Austw…
Accounting policy change adds to Galactic loss
A much more conservative accounting policy has been adopted by Galactic Resources, major gold producing asset of which is the Summitville mine in Colorado. As a result, Galactic reported a year-end ne…
Canadians find gold on Aruba
In something of a coup, a little known junior Canadian mining company, Monte Carlo Gold Mines, has obtained the exclusive mining concession to this beautiful Dutch island in the Caribbean Sea just 15 …
Increased gold production tops on Northgate’s agenda
With a healthy working capital of just over $18 million, Northgate Exploration is out seriously shopping for a new acquisition in the precious metals arena. .T No small task, as President John Kearn…
Dolphin flow-through
Flow-through shares of Dolphin Explorations will be issued to a fund at a price of $1.19 per share, not at $1 as was previously announced by the company. Dolphin will receive proceeds totalling $357,0…
Stockmen name change
Shareholders of Stockmen Energy approved a name change to Stockmen Oil and Gas, the company says. Also, approval was received for a consolidation of shares on a 1-for- 10 basis.
New LME contract in U.S. dollars
A new aluminum contract denominated in American dollars will begin trading June 1 on the London Metal Exchange (lme). The new contract, which will have a delivery point in Singapore, the first outside…
Second adit for Gulf Titanium
Gulf Titanium says a second production adit is planned at its Cruse/Belmont project in Montana. The new production working will open up the No 8 level while development work on the sixth level stockpi…