INSIDER TRADES (July 03, 1989)
Bema Gold — Bema Ind. sold 250,000 (May, private) @ $1 to hold 708,350. Black Hawk — G. Bub bought 100,000 (June) @ 39 1/2 cents to hold 100,000. G. Hughes bought 90,000 (June) @ 29 cents -48 cents…
News
Redstone follows its leader; shops for royalty interests
Redstone Resources Inc. (TSE) has gained a new lease on life in the robust fold of Franco Nevada Mining Corp. (TSE), shareholders were told at Redstone’s recent annual meeting. Debt-free and with $1.3…
Toronto Stock Exchange Aur, Louvem advance on Noranda buying rumor
Excited investors continued wheeling and dealing at a feverish pace in the Val d’Or triplets — Aur Resources, Louvem Mining and St. Genevieve Resources. The rush to buy shares was sparked two weeks a…
Copper markets remain strong in first half despite falling prices
Analysts called for a fairly strong first half for copper and, despite a tumble to the $1.10-$1.20(US) per lb range, the base metal has not disappointed. To the first of June, copper in London average…
A NEW CONVEYOR
Numerous changes have been made to the E zone mine conveyor belt system after an underground fire in 1987 left one miner dead and cast grave doubts over the mine’s future. The blaze broke out April 1,…
Sherritt resolves refinery troubles
Modifications at the Fort Saskatchewan nickel refinery to permit the processing of off-specification feed materials have been completed, Sherritt Gordon (TSE) reports. Feed from supplier Inco Ltd.’s (…
Letters NOT REALLY ABSTRACT
I would like to comment on some of the information presented in “King of Zinc,” the story on the Brunswick No. 12 mine (see April issue). The first is the statement on the “abstract nature of the geol…
FADING ROYALTY?
Buffeted by market conditions and copper prices, copper mining on Quebe c’s Gaspe Peninsula has had ups and downs over the years. One of the bleaker periods in the history of Gaspe Mines, Noranda Mine…
50 Years Ago VOLATILITY IN EUROPE AFFECTING COPPER PRICES
No one wishes a war, certainly not Canadians. But it would be folly, in any appraisal of the present situation, to ignore how developments in Europe (namely, preparations for another crisis) might aff…
50 Years Ago HUDSON BAY MINING BOOSTS PRODUCTION BY 500 TONS A DAY
By the adding of a third converter, and by dint of new efficiencies throughout the plant, Hudson Bay Mining & Smelting will raise its capacity to about 5,200 from the present 4,700 tons a day. This 50…
ISLAND
Not long ago, the Island Copper mine on Vancouver Island had faced a 1992 deadline for closing. Fortunately, its lease on life has been extended to 1996 because of an imaginative new mining plan. The …
Imperial starts 1989 program at Mt. Polley
Project operator Imperial Metals Corp. (TSE) has started a major work program which is expected to lead to a full feasibility study for the Mt. Polley copper- gold deposit near Williams Lake, B.C. Mt….