COATS (over-the-counter) Slump continues
Trading was light and mining stocks slid as the market passed another dismal week with investors steering well clear of mining issues. Sindor Resources traded in the $1.22-$1.18 range. Sindor is anxio…
News
Editorial Vancouver’s successes overlooked
The latest issue of Forbes Magazine, one of the most widely- read U.S. business publications, contains a scathing attack on the Vancouver Stock Exchange that is unprecedented in its ferocity and lack …
Dumagami delays law suit, as Invesfor awaits merger
Toronto-based Dumagami Mines (TSE) may have opened the door to a settlement with a group of disgruntled shareholders by postponing until June 21 a law suit against Jacques Forget and his investment fi…
Researchers study salvaging pillars in permafrost
Researchers will study ways to safely and economically salvage some of the 800,000 tonnes of ore that remain in the underground pillars of the Nanisivik lead-zinc mine on Baffin Island. Such a project…
Stocks in nickkel play show decline
With drill results still awaited from a new nickel-copper play near Lac St. Jean, Que., the share prices of several juniors holding property there have faded from earlier levels. Last fall, important…
Spot prices at a glance (May 29, 1989)
Price Week’s ($US) Change($) Gold* 362.50 –11.20 Silver* 5.17 –0.33 Platinum* 486.25 –36.65 Nickel** 5.60 — 0.64 Lead** 0.30 + 0.01 Co…
Friedland undaunted by Wellgreen’s past failure
To say the Wellgreen polymetallic sulphide project in the Yukon has its skeptics is something of an understatement. A subsidiary of Hudson Bay Mining & Smelting is said to have lost about $20 million …
Copper supply study
A comprehensive copper industry multi-client study was recently released by consulting firm Pincock, Allen & Holt, Inc. of Colorado. The primary supply study contains production cost estimates for mor…
Toronto Stock Exchange Gold sector hammered by strong U.S. dollar
The metals sector took a double- barrelled blast from plummeting gold and copper prices. The gold and silver index lost another 37.77 pts to close at 5254.69 pts whereas metals and minerals managed a …
Editorial A cheap shot aimed at Ottawa
One is well advised not to look a gift horse in the mouth. So it may not be wise to criticize the Ontario government’s latest budget for the $5 million allocated to various programs, already in place,…
Vancouver Stock Exchange Bettered VSE plunges to new low
Battered by bad press and low gold prices, the Vancouver Stock Exchange struggled through a particularly dismal trading week as share prices fell and volumes declined to bring the VSE Index to a new l…
Corona/Huntington active at Brett
Work is under way on the first phase of a 2-phase exploration program at the Brett gold property 25 km west of Vernon, B.C. Operator Corona Corp. (TSE) reports the first phase will involve the drilli…