1989

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. …



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…


INSIDER TRADES (May 29, 1989)

Barron Hunter Hargrave — J. Hargrave sold 65,000 (Mar, Apr) @ 5 cents -7 cents to hold 2,715,200. S. Hargrave sold 91,000 @ 7 cents -8 cents to hold 1,629,700. Cheni Gold — E. Phillips bought 10,0…


Bond International to boost production

With mining interests in North America, Chile and Australia, Bond International Gold (TSE) is aiming to boost its gold production to over 500,000 oz in fiscal 1989. The large gold producer turned out …



FUTURES PRICES Metal Prices (May 29, 1989)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 112.00 109.00 109.30 — 7.80 Jul 113.00 109.00 110.60 — 4.60 Sep 112.50 109…



News in Brief (May 29, 1989)

Goldenbell Resources has amalgamated with ABM Gold Corp. under the latter name. Goldenbell shareholders will receive one class A common share of ABM for each three old shares held. ABM Gold is a U.S. …


Galactic restates 1988 earnings

U.S. gold producer Galactic Resources (TSE) has restated its 1988 consolidated financial statements in order to incorporate a more conservative accounting of cash and properties acquired last summer f…


Coral Gold Corp now listed on TSE

Vancouver-based Coral Gold Corp. (TSE) became listed on the Toronto Stock Exchange May 3, issuing 10.5 million common shares. A further 304,000 shares have been reserved. Coral is also listed on the V…



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