South Atlantic to develop copper project
With a feasibility study for a 250,000-ton-per-year mine and mill nearing completion, South Atlantic Ventures (VSE) is examining several options to raise the estimated $7 million(US) required to bring…
News
Echo Bay Planning surface program
A $2.5-million work program completed by Echo Bay Mines (TSE) on the Doc property near Stewart, B.C., appears to have generated mixed results. The company has an option to earn a 50% interest from joi…
Petromet and partners extend zone at Rambler
Drilling has traced a zone of copper-gold mineralization down dip to a depth of 600 ft on the Rambler property. Situated in Newfoundland, the Rambler property is being explored by a joint-venture grou…
Timmins Report Stan West changing DeSantis
If the Porcupine branch of the Prospectors and Developers Association of Canada has its way, prospectors’ licence will be renewable only once every three years, instead of annually as is now the case….
Calpine/Stikine results shows tonnage potential
Recent drill results from the Eskay Creek property of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) demonstrates its bulk tonnage potential. Among the latest assay results was 24.6 ft …
Metal Prices FUTURES PRICES (February 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb125.80 125.70 125.80 — 7.70 Mar128.45 123.60 123.80 — 7.70 May120.70 117.25 1…
Toronto Stock Exchange Crumbling gold prices pummel gold index
The mini-rally displayed by the gold and silver index last week came to a quick death today as 95.73 pts were erased from the index, depressing it to 5847.48 pts. In prior days, traders bought in the …
Market forces send copper prices tumbling
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses, and backwardation on both exchanges seem to …
Deak given right to deal Nuinsco Resources shares
Toronto-based Deak International Resources Holdings has been granted an option to deal its holding in Nuinsco Resources (TSE) to affiliate Deak International Resources. Under an agreement, Deak Holdin…
Massive looks at Twin Gold
Massive Resources (VSE) plans to increase its interest in the Lingman Lake gold deposit from the currently-held 8%. The interest is indirectly held through equity ownership of Twin Gold Mines (ASE), w…
Spot prices at a glance (February 20, 1989)
Price Week’s ($US) Change($) Gold* 381.70 — 8.70 Silver* 5.80 — 0.08 Platinum* 526.75 — 2.50 Nickel** 8.35 — 0.04 Lead** 0.28 …
Earnings Reports (February 20, 1989)
Newmont Gold reports fourth quarter net earnings of $37.2 million(US) or 35 cents per share. For the period a year earlier, the company reported net income of $23.9 million or 23 cents per share. Fo…