News

EDITORIAL Narrower trading range for gold likely

Since Aug. 2 when Iraq invaded Kuwait, gold investors seem to have had a permanent look of puzzlement etched on their faces. Increasing political tensions and the threat of a major military confrontat…



Alberta Stock Exchange Gold shares drop

Investors reacted negatively to recent declines in the price of gold by launching a sell-off which sent many stocks to new lows during the week ended Oct. 16. Although the turmoil on stock markets has…


COATS (over-the-counter) Costigan cuts lead-zinc

Continuing its upward march, Costigan Gold gained another 5 cents for the week ended Oct. 16 as the company announced a base metal discovery 200 km southwest of Bathurst, N.B. All four holes drilled o…


Global copper smelting needs studied

New global copper smelting capacity, beyond those projects already announced, will be needed by 1993, says a research company from Pennsylvania. The closure of the Bougainville mine (180,000 tonnes pe…


BOOK BRIEFS (October 22, 1990)

Tunnelling: Design, Stability and Construction, by B.N. Whittaker and R.C. Frith. Published by The Institute of Mining and Metallurgy. Available at IMM North American Publications Center, Old Post Rd….


EDITORIAL Gold is gold is gold

Institutions can go bankrupt, stocks can go belly-up, currencies can become museum pieces, governments can fall — but gold is gold is gold. There is no way that gold can go bankrupt because gold has …


St. Gen. cancels Swiss debentures

St. Genevieve Resources (TSE) recently bought for cancellation, $10.7 million worth of its 5.625% convertible bonds, through a transaction on the Swiss bond market. The bonds were purchased for the eq…


EDITORIAL Miners meet minister

Ontario’s mining industry got a good look at the province’s new mines minister during the first Ontario Mining Week and apparently liked what it saw. Gilles Pouliot charmed his audience at a reception…


Montreal Exchange Latest Douay tonnage

Investors continued to be active but prices tumbled on the ME, with both the general market portfolio index and the mining and minerals index hitting new lows this year during the week ended Oct. 16. …


Tonnage potential at Quet

Initial drilling results from the Quet property, 90 km northeast of Vancouver, returned wide intersects of low-grade gold. Noranda (TSE) is earning a 60% interest in the property from Aranlee Resource…



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