Gold funds as of June 27
MPV BGR Central Capital Net value $11.69 $ 6.10 $0.58 Price $ 9.75 $ 5.38 $0.39 Discount $16.60% 11.9% 32.8% Value $69,625,421 …
News
Canada slips to fourth place among world’s gold producers
Mining costs for the western world’s gold producers continued to rise in 1988 and Canada slipped to fourth spot among producer- nations, Consolidated Gold Fields reports in its Gold 1989 publication. …
Specs HYDRAULIC BREAKERS
Boom-mounted impact rock-breakers mounted on mine carBriers are increasingly necessary in underground operations. These units break oversize rocks in stopes and at drawpoints in place of the time- con…
MRI seeking new ventures to replace Nanisivik
With a banner year for earnings behind it and another one shaping up, Mineral Resources International (TSE) continues scanning the horizon for new opportunities and sources of revenue. “We could easil…
Gold Vessel placement
Gold Vessel Resources (ASE) reports completion of a private placement with 158474 Canada Inc., by which the numbered company has acquired more than 2.1 million A common shares of Gold Vessel at 18.75 …
Magnacon first mine at Mishibishu gold camp
The official opening of the Magnacon mine, this area’s first producer, ushers in what promises to become a significant new Canadian gold camp. An impressive looking plant, it is owned 50% by Flanagan …
Golden Knight reports Casa Berardi production
Gold output at Golden Knight Resources (TSE) 40%-owned Casa Berardi East project in northwestern Quebec averaged just under 4,400 oz per month for the first five months of 1989, Brian Keevil, presiden…
BRENDA
A letter writer to The Northern AMiner newspaper back in late A1969 was puzzled as to how the fledgling Brenda Mines operation would ever make money. Brenda would produce fewer than 4 lb of copper fr…
Lencourt, Billiton could develop gold projects in Zaire
Toronto-based Lencourt Ltd. (TSE) has entered into an agreement with Billiton International Metals, B.V., which could see the latter company acquire Lencourt’s interest in a Zaire gold project. Billit…
50 Years Ago WILL EUROPE REPEAT COPPER ORDERS?
The Northern Miner now can confirm its June 6 report regarding the sale of copper by U.S. producers to a foreign government (namely, France) for immediate delivery. However, the amount delivered was 5…
Metal Prices PRODUCER PRICES (July 03, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.00 cents per lb. (June 15, 1989). ANTIMONY: New York dealer 98 cents -$1.00(US) per lb. (June 22, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (J…
Six more holes to be drilled on Chance’s Ontario claims
Another six wedged holes are planned for Chance Mining and Exploration’s (COATS) base metals property this year, shareholders learned at the company’s annual meeting. Owned 100% by Falconbridge Ltd. (…