Placer Dome: North American favorite
What North American gold stock do institutional investors favor? Placer Dome Inc. (TSE). According to analysts Rick Cohen, Brian Flower and Elaine Howell of James Capel & Co., shares of Placer Dome re…
News
Exploration chief sought by LAC
Gold producer LAC Minerals (TSE) is looking for a new vice- president exploration. Robert Valliant, appointed to the position in the spring of this year, has left the firm. Valliant, who had been with…
Flexible immigration provisions key to U.S. markets
Now that the free trade agreement is a certainty, its new immigration provisions should result in at least a 50% increase in Canadians doing business in the United States. According to Joseph Grasmick…
Alberta Stock Exchange Copper gets attention
With gold prices off slightly, investors were turning their attention to copper this week. Following an announcement that a high grade copper showing has been found at the Rambler property near Baie V…
Shaft being sunk on Acadia’s Mooseland
A 3-compartment, rectangular shaft should be completed on Acadia Mineral Ventures’ (TSE) Mooseland property in Nova Scotia by mid-summer, 1989, according to Grant Bye, project manager. Speaking at the…
Earnings Report (December 12, 1988)
Queenstake Resources (TSE) of Vancouver reports net earnings for the 3-month period ended Sept 30, of $398,687 or 4 per share on revenue of $4.8 million. For the same quarter a year earlier the compa…
Falconbridge Gold launch to go ahead in new year
With an unwanted suitor waiting in the wings and continuing uncertainty in the market place, late January may not be the best time to launch a gold company. But Falconbridge Ltd. (TSE) will go ahead a…
Convention reflects industry strength
There was a surprising unanimity of opinion on the future of the United States precious metals industry by key executives at the Northwest Mining Association convention held here recently. A special f…
INSIDER TRADES (December 12, 1988)
Amer Chromium — Savanna Res bought 500,027 (private) @ 10 to hold 10,410,726. Belmoral — A. Brown sold 16,500 (Oct) @ $1.69-1.85 to hold 1,005,931. F. Brown sold 17,000 (Oct) @ $1.67-1.80 to hold 84…
The value of metal investors and speculators
Although it may not be palatable to some people, the feeding frenzy behavior of groups such as the many investors in metals, constitutes a vital component of the market that provides price discovery f…
No changes at Landmark if Sceptre bags Oakwood
After a 2-year effort to restructure the $320-million debt load of its 48%-owned affiliate Oakwood Petroleums, Landmark Corp. (TSE) has finally found a buyer for the beleaguered company. If creditors …
Queenstake expects record year for placer gold production
By year-end, Queenstake Resources (TSE) expects it will have produced a total of 13,800 fine troy oz from its placer mining operations in British Columbia and the Yukon Territories, making 1987 its se…