Metal Prices (November 13, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Nov 7 Nov 6 Nov 3 Nov 2 Nov 1 Copper 1662-16…
News
Betts Cove results encourage Bitech in Newfoundland
Preliminary assay results from recent drilling on Bitech Corp.’s (ASE) Betts Cove property in northern Newfoundland have encouraged the company. The property is about two kilometres south of Bitech’s …
Atlas Copco awards $2,500 scholarship
In 1982, Atlas Copco Canada established at Haileybury School of Mines an annual scholarship of $500 for a student in the school’s mine maintenance program. In 1989, the value of this scholarship was i…
FirstMiss quarterly profits slip
First-quarter earnings for FirstMiss Gold Inc. (NASDAQ) fell to $621,000(US) or 3 cents per share for the period ended Sept 30, compared with earnings of $771,000 for the same period in 1988. The com…
Total Energold options Tarzan-Glen Auden claims
Vancouver-based Total Energold (TSE) has increased its interest in the Casa Berardi gold belt by optioning a parcel of claims from junior companies Glen Auden Resources (TSE) and Tarzan Gold (ASE). A …
Vancouver Stock Exchange Bullion rally has little impact
The recent strong surge in gold prices was welcome news for brokers and investors though the upswing had little immediate impact on trading activity on the Vancouver Stock Exchange. Institutional buye…
Metal snips (November 13, 1989)
Major world silver producer Peru is on a stockpiling binge. The country’s Central Reserve Bank is reported to be buying production from domestic mines a t a 5% price premium. The stockpiling of silver…
Editorial Northern benefits
Living in northern Canada can be tough. The hardships imposed by location are sometimes difficult for those in the south to imagine. Isolation, for example, means your spouse can’t get the same medi…
Placer speculates Mexican Hat prospect holds porphry copper
Prospector Manny Hernandez of Pearce, Ariz., helped guide Placer Dome U.S., a unit of Placer Dome (TSE), to the promising Mexican Hat gold prospect. Called Mexican Hat for the distinctive shape of the…
Metina, Manridge option Kelly Lake copper-nickel bet
Toronto-based Metina Developments (VSE) and associate Manridge Explorations (TSE) have acquired an option to earn a 100% interest in a 15-claim copper-nickel prospect in Blondeau Twp., Que. Moneta Por…
Earnings slip for Amax Gold (November 13, 1989)
For the first nine months of 1989, Amax Gold (NYSE) reported earnings of $28.2 million(US) or 47 cents per share, down from $38.6 million or 64 cents per share in 1988. Third-quarter results for the…
Galactic options portion of Philippines project to major
The timing couldn’t have been better for Galactic Resources (TSE) to announce an agreement with an undisclosed international major mining company involving its Far Southeast porphyry gold-copper proje…