Metal Prices PRODUCER PRICES (June 26, 1989)
ALUMINUM: MW U.S. Market US87.50 cents – 90.50 cents per lb. (June 15, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (June 8, 1989). BISMUTH: New York dealer $6.00-$6.10(US) per lb. (June …
News
News in Brief (June 26, 1989)
A first-quarter loss of $633,225 (US) or 4 cents per share was reported by Bunker Hill Mining (VSE). In the same period last year the company lost $752,286 or 6 cents per share. At the end of the qua…
Champagne mine enters production
Production is under way at the Champagne heap-leach gold mine in Idaho, Bema Gold (TSE) reports. The company says the mine is scheduled to produce about 17,500 oz of gold equivalent to the end of 1989…
Dona Lake important to Placer’s Canadian plans
The Dona Lake gold mine about 10 miles southeast of here is expected to produce just 3% of Placer Dome’s (TSE) annual gold output by 1990, but it’s an important link in the company’s chain of gold min…
COATS (Over-the-Counter)
Trading was quiet on COATS this week with share prices generally unchanged to fractionally lower. Last month’s average daily value traded on the over-the-counter market reached a 12-month low of less …
Metal Prices FUTURES PRICES (June 26, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun116.65 115.55 115.70 + 6.85 Jul118.60 115.20 116.00 + 6.60 Sep115.50 112.8…
Dona Lake ….photo
Lyall Chapman, left, mine manager at the Dona Lake gold mine, played host to about 120 guests at the mine’s official opening recently. With him, from left, are Placer Dome Chairman Fraser Fell and Wal…
Blue Emerald options Lac St. Jean properties
A group of exploration properties totalling some 377 claims in the Lac St. Jean area of Quebec has been optioned by Vancouver-listed Blue Emerald Resources. Subject to regulatory approval, Blue Emeral…
Corona has interests in Newhawk, Messeguay
Shareholding positions in two juniors were recently reported by Corona Corp. (TSE). The gold producer announced it will purchase a further 177,830 shares in Newhawk Gold Mines (TSE) through a private …
FINANCING (June 26, 1989)
Blake River Expls — final rec iss offer 1,140,000 @ $1.35 per sh to net $946,200. VANCOUVER Labyrinth Res — gross proceeds rec $192,500. Jordex Res — 500,000 sold for gross $250,000. Newgate Res –…
South American Goldfields outlines Guyanese gold find
A large, highly anomalous gold area has been outlined by Homestake Exploration on the Akaiwong property held under joint venture with South American Goldfields (TSE). The Akaiwong property covers seve…
Belmoral, Wrightbar plan amalgamation
A letter of intent has been entered into between Wrightbar Mines (ME) and Belmoral Mines (TSE) whereby Wrightbar will be amalgamated with a wholly-owned Belmoral subsidiary. Gold-producer Belmoral own…