BHP-Utah drilling Caprock property
A large follow-up drill program is planned by BHP-Utah International on Caprock Corp.’s (NASDAQ) North Park polymetallic property in Colorado. Caprock says results from a recently completed work progr…
News
News in Brief (April 24, 1989)
Teeshin Resources (VSE) has negotiated a private placement for $400,000 with California Placer Resources (1986) Ltd. Subject to regulatory approval, Teeshin will issue 727,272 units consisting of one …
Gold funds as of April 18
BGR Goldcorp Central MVP Capital Net value$12.05 % 9.08% 6.51% 0.70 Price$ 9.50 % 4.80 % 5.88% 0.45 Discount$21.16% 47.1 % 9.8% 35.7% Value$71,752,706.16 159,253,000 …
LAC plans `slower, safer’ spending
With LAC Minerals (TSE) not expected to improve on its record 1988 gold production of 319,407 oz gold production until 1990, a quieter year for the company is expected in 1989. President Peter Allen t…
Editorial The right to mine
The following is from a presentation on mining law in Canada by Reginald Tays, property manager at Falconbridge Ltd. Most prospectors have always felt that if they acquired title to a mining claim, …
TSE asked to delay Jascan Res. ruling
While Jascan Resources (TSE) and affiliate Atlantic Goldfields (COATS) discuss a possible merger, the companies have asked the Toronto Stock Exchange to defer its decision on whether to allow Jascan t…
Toronto Stock Exchange Easing inflation fears depress gold, boost
Buyers returned to the markets this week anticipating that rising interest rates may have peaked. Two key economic indicators suggest that the worst is over. The Consumer Price Index registered a smal…
FINANCING (April 24, 1989)
ONTARIO Mountain Beaver Res — final rec iss offer 2,650,000 @ 56 cents per sh to net $848,000. Windy Mountain Expls — final rec iss offer 1,239,700 @ $1.50 per sh to net $1,043,009.20. VANCOUVER Bur…
Falconbridge to exhaust reserves at Owl Creek bet
Reports that one of Falconbridge Gold’s (TSE) two producing gold mines will run out of ore later this year should not be construed as cause for alarm, says Chairman Brian Ferguson. Open pit reserves a…
Dofasco ups stake in Quebec Cartier
Hamilton-based steelmaker Dofasco Inc. (TSE) says it has agreed to purchase the remaining 75% interest in Quebec Cartier Mining Co. from USX Holdings of New York for an undisclosed sum. Last month, Do…
Spot prices at a glance (April 24, 1989)
Price Week’s ($US) Change($) Gold* 382.90 — 1.25 Silver* 5.76 + 0.06 Platinum* 543.10 +15.60 Nickel** 6.96 + 0.38 Lead** 0.28 + 0.02…
Metal Prices PRODUCER PRICES (April 24, 1989)
ALUMINUM: MW U.S. Market US96.00- 98.00 cents per lb. (Apr 13, 1989). ANTIMONY: New York dealer 99 cents -$1.01(US) per lb. (Apr 6, 1989). BISMUTH: New York dealer $6.55-$6.70(US) per lb (Apr 13, 1989…