Gold at Gilt Edge
The first dore button containing an estimated 207 oz of gold and 327 oz of silver has been poured at the Gilt Edge mine in the northern Black Hills area of South Dakota. The event marked the start-up …
1988
Bear market cost jobs (October 31, 1988)
The bear market combined with the spate of bank takeovers of Canadian brokerage firms is proving too much for some firms, which have been forced to cut back staff. Sources from London tell us that Sco…
Base metal miners show good earnings
Led by Inco, which reported net earnings of $200-million(US) in the 3-month period ended September 30, third-quarter results for base metal mining companies are showing excellent performances. Recentl…
Pegasus buying into Pioneer Metals by David Duval
Pegasus Gold Inc. (TSE) recently concluded an agreement to purchase a $12 million convertible debenture from Pioneer Metals (TSE) which, for the debenture itself, would give Pegasus an approximate 14%…
Tri-Valley plans drilling, trenching on Richardson
More trenching and drilling are planned next year on Tri-Valley Corp.’s Richardson lode project southeast of Fairbanks, Alaska. Asarco Inc. recently dropped its option on the property without earning …
Nfld’s 12th annual open house
The 12th Annual Open House and Review of Activities by the Newfoundland department of mines is scheduled to be held Nov 3 at the Newfoundland Hotel in St. John’s. The meeting is designed to make the m…
NSR/Nova Cogesco agreement completed
An agreement has been completed between NSR Resources (TSE), Nova-Cogesco Resources (ME) and Belmoral Mines (TSE) which gives Belmoral the right to mine and continue exploration of the Rand Malartic p…
Queries Lac’s dividend confusing
My question is about LAC Minerals’ dividends. I thought I saw in your paper that LAC paid a 20 dividend in 1987, but I only got 10 per share for the 2,000 shares I own. Where did the other 10 go? P…
Nickel prices lift Inco to record
The profits keep rolling in for Inco Ltd. (TSE), which has recorded its third consecutive record for quarterly earnings. The nickel giant reported net earnings for the third quarter of $200.3 million …
Corona launches its first wholly-owned U.S. mine
Corona Corp. (TSE) has established its first, wholly-owned beachhead in the United States. The Santa Fe open pit, heap leach operation, several miles southeast of here, was officially launched as a go…
HudBay may shut down without government help
South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…
Spot prices at a glance (October 31, 1988)
Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…