Books (August 29, 1988)
Bicentennial Gold ’88 Conference — A 3-volume set of extended abstracts comprising oral and poster papers presented at Australia’s first international conference on the geology of gold deposits, May …
1988
Bruised but not broken, Newmont vows to cut debts
Financially bruised by an unsuccessful takeover battle, New York- based Newmont Mining has promised to take more steps this year to reduce its heavy debt load. One of North America’s largest gold prod…
Black Swan ore being replaced
Gold production at Black Swan Gold Mines’ (VSE) Gabanintha project in Western Australia is presently averaging 40,000 oz per year, Arthur T. Fisher, president, said at the company’s annual meeting. On…
Bulk Sample Planned for B.C. Gypsum Project
By year-end, Queenstake Resources (TSE), Haines Gypsum (VSE) and new joint venture partner Prospector Airways (VSE) expect to have mined and delivered a 50,000 tonne bulk sample of gypsum from the O’C…
Books in Review Who owns, controls Canadian firms
Statistics Canada has released its 1987 version of Inter-Corporate Ownership. This new edition offers financial analysts, investors and corporate executives the most recent, comprehensive and authorit…
Golden Sitka busy at Chichagof
Old mines have a habit of coming back to life and the Chichagof mine property 50 miles northwest may prove to be an example of that adage. The property is owned by Golden Sitka Resources (VSE) a Vanco…
Alberta Gold’s Iris claims could be mined via open pit (August 22, 1988)
A financing agreement has been signed by Alberta Gold Exploration Corp. (ASE) which will provide the company with $1.9 million on a flow-through share basis. A large portion of the funds will finance …
New discovery for new issue
Drilling should begin in September on a new gold discovery near Lac La Hache, B.C. Trenching on the Miracle Claims, 28 km north of the town, held by newly-listed G.W.R. Resources of Vancouver, has ret…
Omni’s Mt. Skukum soon to begin production
Most people are surprised to learn that hardrock mining is a recent addition to the Yukon’s gold mining history. Indeed, names like Mt Skukum and Ketza River are all part of the new “hardrock generat…
Metal Prices (August 22, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 16 Aug 15 Aug 12 Aug 11 Aug 10 Copper 1249-1250 1251-1253 1269.5-1270 1251-1252 1…
Cheni Gold Plans Mill Start-up By Fall
With development and construction programs on schedule, Cheni Gold Mines (TSE) appear to be on track to begin commercial production from its wholly-owned Lawyers gold-silver mine during the fourth qua…
Vancouver Stock Exchange Low market liquidity
When your broker insists the market is “bottoming out” and the dailies carry stories about brokers having to drive to work in their Volkswagen “bug” instead of a Porsche you just know things are getti…