Alberta Stock Exchange Biron gains ground
On an otherwise lacklustre trading session, Biron Bay Resources was the only issue to make any real progress. Trading on 96,000 shares, it gained 54 before closing at $2.29. much of Biron Bay’s recen…
1988
Lord River results from Nevada program
Drilling at Lord River Gold Mines’ (VSE) Trout Creek option 15 miles southeast of Carlin, Nev., has generated some encouraging results. In the Southern Jasperoid zone, gold mineralization has been out…
Corona options Varna property
Corona Corp. (TSE) has acquired an option on the Mings Bight gold property from Varna Gold (ASE). Near Baie Verte, Nfld., the Mings Bight property includes 7,000 acres of ground on which several gold …
United Lincolm, BP fast-track plans for B.C. gold-copper play
A bulk tonnage low grade gold- copper deposit in British Columbia is being fast-tracked toward development by partners United Lincoln Resources (VSE) and BP Canada Resources (TSE). Located 45 km west …
Franco-Nevada to explore Redstone copper deposit
Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…
Broulan results
Net earnings for the first nine months of 1988 for Broulan Resources (TSE) was $1 million or 15 per share compared to $694,961 or 10 per share for the first nine months of 1987. At the main property…
Vista pours gold brick
Milling of the bulk sample consisting of 10,000 tons is continuing at Vista Mines’ (TSE) Bootleg Lake gold mill near Creighton, Sask. A pour of 404 oz dore has been completed. The ore currently being …
Letters to the Editor Gold-Platinum deposits
Professor Jerry White states that gold and platinum can never be found in the same ore (N.M., Oct 17/88). I suggest Professor White do some research on the Coronation Hill gold-platinum deposit in Aus…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Spot prices at a glance (December 05, 1988)
Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…
Agnico-Eagle loss due to mine hoist
Mechanical difficulties at Agnico- Eagle Mines’ (TSE) Telbel mine near Joutel, Que., continues to have an impact on the company’s bottom line. As a result of lower gold production at the operation, Ag…
Noranda to continue exploration on Hislop claims
Further exploration entailing a substantial second phase diamond drill program and an orientation IP survey is planned for the Hislop property east of Timmins, Ont. During 1988, the property was the s…