Goldpost estimates 1989 cash flow of $9 million
With operating costs of $57 per ton on a 500-ton-per-day basis indicated by engineering studies, Goldpost Resources (TSE) could achieve cash flow of $9 million in 1989 when production of 25,000 oz gol…
News
FINANCING (July 04, 1988)
ONTARIO Fire River Gold — final rec iss offer 1,000,000 @ $1.25 per sh to net $625,000. VANCOUVER Cheryl — 500,000 sold for gross $1,350,000. Alberta Natural Gas — gross proceeds rec $35,078,507. E…
Higher prices for zinc a godsend for Mineral Resources
Citing the recent upswing in zinc prices, Nanisivik Mines President Graham Farquharson told shareholders recently that they are in a very advantageous position. “The price of zinc is going through a p…
Metal Prices FREE MARKET (July 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1…
New gold mine in Chile will boost TVX output
Not only is Consolidated TVX Mining (TSE) determined to be a low-cost producer, but the Toronto- based firm has designs on becoming the largest gold-mining company in South America. TVX, whose share o…
New N.B. exploration fund draws hopeful prospectors
Chances look good that prospectors will be flocking to take advantage of a new mineral exploration assistance program set up by the province of New Brunswick. Though it had been open for business for …
Investment Comment Kerr Addison on recommended list
Long associated with the old gold mine at Virginiatown, Ont., which it sold last year to Golden Shield Resources (TSE), Kerr Addison Mines (TSE) has emerged on the recommended list of Toronto- based M…
Eureka, Hawthorne study suggests mine possible
An independent engineering study indicates a 3-year mine life at the Mindora gold-silver project of Eureka Resources (VSE) and Hawthorne Gold (VSE). Eureka President Jack O’Neill says the companies ar…
Editorial The business cycle
If there ever was a classic example of the business cycle and its effect on one company, it’s the case of Inco in the 1980s. The nickel producer is flying high now with record earnings and an increa…
Great Lakes Nickel may have new owner
Sale of the controlling interest of Great Lakes Nickel (TSE) to an unidentified resources company may be imminent. President Dennis Wood, speaking at the annual meeting, said a deal, which was to clos…
Midas, Duration deal
An agreement between Duration Mines (TSE) and Midas Minerals (TSE) has been renegotiated. The deal concerns a platinum property near Marathon, Ont., which was optioned by Midas to Duration. The new de…
Int’l Platinum counting on `big picture’ approach
Eighteen platinum properties in six provinces, the Northwest Territories and one United States state has made International Platinum Canada’s busiest white metal explorer. The company has been at it f…