Letter to the Editor Gradore was revised
In your answer to a question concerning the shares of Gradore Mines (N.M., Dec 12/88), you state that the company’s charter was cancelled in October, 1972. Actually, the charter of Gradore was revised…
News
Alberta Stock Exchange (December 26, 1988)
Alberta saw a sudden surge in volumes this week following news that the Canadian dollar has stabilized on foreign exchange markets. Bitech Energy Resources was easily the volume leader in the mining a…
Skyline modifying milling process at Johnny Mountain
A number of modifications to the 300-ton-per- day mill operating at Skyline Explorations’ (TSE) Johnny Mountain mine in northwestern British Columbia are expected to increase recoveries to 90% and bri…
News in Brief (December 26, 1988)
Consolidated P.C.R. Industries has changed its name to Oregon Resources Corp. (ORE:VSE) on a share-for-share basis. News in Brief Thor Gold has changed its name to Solomon Gold Corp. (SGT:ASE) on a sh…
U.S. REPORT Northern Dynasty producing from underground/heap leach
As operator and 43%-owner of the Little Bald Mountain mine in Nevada, Northern Dynasty Explorations (TSE) is expecting to produce 7,000 oz of gold during the 1988 season from the combined underground/…
U.S. REPORT (December 26, 1988)
U.S. Gold Corp. (NASDAQ) has completed a $12.75 million(US) private placement. Combined with an $18 million gold loan, the financing will provide the required funding for the expansion of a gold minin…
Talk of platinum-free converter sends metal’s price reeling
The spot price of platinum dropped about $100 recently following an announcement in the United States by the Ford Motor Co. that it is developing a catalytic converter which does not require the metal…
Gilsons charged with fraud over Silver Bar statements
The president of North Bay, Ont., based Silver Bar Mines (COATS) and his wife are scheduled to appear in Provincial Court April 19 and 20, to face a series of fraud charges. Ronald and Shirley Gilson …
Belmoral to buy Ketza mine
Toronto-based Belmoral Mines (TSE) expects to increase its gold production in 1989 to more than 100,000 oz by acquiring the troubled Ketza River gold mine in the Yukon Territory. Belmoral says it has …
U.S. REPORT Magma offering copper notes
An offering of $200 million(US) principal amount of copper interest- indexed senior subordinated notes due 1998 is being made by Magma Copper (NASDAQ). Interest on the copper notes will be indexed to …
U.S. REPORT Brican drilling Nevada property
A reverse circulation drilling program by Brican Resources (VSE) is under way on the Cottonwood gold prospect, part of the North Peak project, in Nevada’s Battle Mountain district. The 18-hole drill p…
Metal Prices FUTURES PRICES (December 26, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Dec 159.50 156.00 158.90 + 6.90 Mar 136.90 133.90 136.00 + 7.00 May 127.50 125.80 126.9…