Metal Prices PRODUCER PRICES (May 29, 1989)
ALUMINUM: MW U.S. Market US99.50 cents – $1.02 per lb. (May 18, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11, …
News
Sherritt getting concentrate
Sherritt Gordon Ltd. (TSE) is beginning to receive nickel concentrate from the Redstone nickel mine near Timmins, Ont. The mine is expected to produce 10 million lb of nickel in concentrate per year. …
Mother Lode business strategy involves sale of gold properties
Every company has its own approach to minerals exploration and mine development, including San Francisco-based Mother Lode Gold Mines. The company trades on the over-the-counter market in the United S…
Battle for Atlanta Gold heats up
The gloves are off in the battle for control of Atlanta Gold Corp. (TSE) and its key asset, the advanced and 100%-owned Atlanta gold property in Idaho. Vancouver-based Atlanta is attempting to fend of…
Analysts see further declines in gold price
It’s difficult these days to find anyone making a bullish case for gold, at least for the immediate future. The price of the precious metal, in the $41 0(US) per oz range at the start of the year, has…
Tusk exercises option
Tusk Minerals (ASE) has exercised its option to earn an additional interest in a gold-copper property near La Ronge, Sask. The property includes the former producing Anglo-Rouyn mine which closed in 1…
INSIDER TRADES (May 29, 1989)
Barron Hunter Hargrave — J. Hargrave sold 65,000 (Mar, Apr) @ 5 cents -7 cents to hold 2,715,200. S. Hargrave sold 91,000 @ 7 cents -8 cents to hold 1,629,700. Cheni Gold — E. Phillips bought 10,0…
Bond International to boost production
With mining interests in North America, Chile and Australia, Bond International Gold (TSE) is aiming to boost its gold production to over 500,000 oz in fiscal 1989. The large gold producer turned out …
With Hees group in control Westfield plans to be busy
With a new controlling shareholder in command and a number of projects under way in Chile, Great Britain and North America, Westfield Minerals (TSE) will have its hands full for the remainder of 1989….
FUTURES PRICES Metal Prices (May 29, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 112.00 109.00 109.30 — 7.80 Jul 113.00 109.00 110.60 — 4.60 Sep 112.50 109…
Gold funds as of May 23 (May 29, 1989)
BGR Goldcorp Central MVP Capital Net value $11.53% 6.86% 6.14% 0.63% Price $9.25% 4.000% 5.375% 0.38% Discount $19.77% 41.7% 12.5% 39.7% Value …
News in Brief (May 29, 1989)
Goldenbell Resources has amalgamated with ABM Gold Corp. under the latter name. Goldenbell shareholders will receive one class A common share of ABM for each three old shares held. ABM Gold is a U.S. …