Editorial Vancouver’s successes overlooked
The latest issue of Forbes Magazine, one of the most widely- read U.S. business publications, contains a scathing attack on the Vancouver Stock Exchange that is unprecedented in its ferocity and lack …
1989
Dumagami delays law suit, as Invesfor awaits merger
Toronto-based Dumagami Mines (TSE) may have opened the door to a settlement with a group of disgruntled shareholders by postponing until June 21 a law suit against Jacques Forget and his investment fi…
Researchers study salvaging pillars in permafrost
Researchers will study ways to safely and economically salvage some of the 800,000 tonnes of ore that remain in the underground pillars of the Nanisivik lead-zinc mine on Baffin Island. Such a project…
Stocks in nickkel play show decline
With drill results still awaited from a new nickel-copper play near Lac St. Jean, Que., the share prices of several juniors holding property there have faded from earlier levels. Last fall, important…
Spot prices at a glance (May 29, 1989)
Price Week’s ($US) Change($) Gold* 362.50 –11.20 Silver* 5.17 –0.33 Platinum* 486.25 –36.65 Nickel** 5.60 — 0.64 Lead** 0.30 + 0.01 Co…
Copper supply study
A comprehensive copper industry multi-client study was recently released by consulting firm Pincock, Allen & Holt, Inc. of Colorado. The primary supply study contains production cost estimates for mor…
Editorial A cheap shot aimed at Ottawa
One is well advised not to look a gift horse in the mouth. So it may not be wise to criticize the Ontario government’s latest budget for the $5 million allocated to various programs, already in place,…
Vancouver Stock Exchange Bettered VSE plunges to new low
Battered by bad press and low gold prices, the Vancouver Stock Exchange struggled through a particularly dismal trading week as share prices fell and volumes declined to bring the VSE Index to a new l…
Sherritt getting concentrate
Sherritt Gordon Ltd. (TSE) is beginning to receive nickel concentrate from the Redstone nickel mine near Timmins, Ont. The mine is expected to produce 10 million lb of nickel in concentrate per year. …
Mother Lode business strategy involves sale of gold properties
Every company has its own approach to minerals exploration and mine development, including San Francisco-based Mother Lode Gold Mines. The company trades on the over-the-counter market in the United S…
Analysts see further declines in gold price
It’s difficult these days to find anyone making a bullish case for gold, at least for the immediate future. The price of the precious metal, in the $41 0(US) per oz range at the start of the year, has…
With Hees group in control Westfield plans to be busy
With a new controlling shareholder in command and a number of projects under way in Chile, Great Britain and North America, Westfield Minerals (TSE) will have its hands full for the remainder of 1989….