Augmitto on schedule at Beauchastel property
Pre-production development is proceeding on schedule and within budget on Augmitto Explorations’ (TSE) Beauchastel gold property near Rouyn, Que. The company reports that construction of a 1,000-ton-p…
News
Spot prices at a glance (October 17, 1988)
Week’s Price (US) Change Gold (per oz) $404.70 $7.45 Silver (per oz) $6.26 $0.04 Platinum (per oz) $517.00 $10.00 Copper (per lb) $1.27 $0.08 Lead (per lb) …
Alberta Stock Exchange Varna merits attention
Gold watchers can take heart from the progress of the Varna Gold issue which proved single handedly that even in the current market climate, investors still care about drill results. Encouraging resul…
Diamonds are forever, but in Saskatchewan?
The discovery of kimberlite, a diamond-hosting rock, near Prince Albert by Monopros Ltd., a subsidiary of DeBeers Mining Company, has many people thinking there could be. Several majors have secured l…
FINANCING (October 17, 1988)
VANCOUVER Cazador Expls Ltd — gross proceeds rec $180,000. Gulderand Mining Corp — 400,000 offered at 75 per sh. Amanda Res Ltd — 600,000 offered at 40 per sh. Shoshoni Gold Inc — 500,000 offere…
Chinese invest in All-North
The China International Trust & Investment Corporation, the foreign investment arm of the Chinese government, has made what appears to be a precedent setting investment. The investment bank has taken …
PRODUCER PRICES Metal Prices (October 17, 1988)
ALUMINUM: MW U.S. Market $1.00-$1.04 per lb. (Sept 29, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Sept 29, 1988). CADMIUM: New Y…
Follow-up drilling planned for Pickle Lake project
An exploratory 2,000-ft drill program has been completed on the Misehkow River project located about 35 miles southeast of Pickle Lake, Ont. The project is a joint venture involving Northern Dynasty E…
Canaco earning interest
An option agreement has been reached by Canaco Mining Resources (ME) with Cambior Inc. (TSE) whereby Canaco may acquire a 45% interest in the latter’s Rouyn- Merger property located several miles east…
They’ve never had it so good
A recent article about gold producers hedging their bets by selling their output forward (N.M., Oct 3/88) helped to bring home the point of how much better off mining companies seem to be today compar…
Mining fear, not gold
This year securities commissions across North America estimate that tens of thousands of Canadians and Americans will lose in excess of $250 million in stock and investment swindles related to gold sh…
Asarco/Freport Santa Cruz joint venture for copper
The United States Bureau of Mines in cooperation with the Santa Cruz Joint Venture will undertake a copper mining research project at a deep, low-grade copper deposit located seven miles west of Casa …